September 2018 - Page 53 of 239 -

Stock Investors Are Showing Extreme Greed

Sep 24, 2018 Jeremy Parkinson Finance 0

Stock Investors – Slight Selloff On Friday The optimism about the trade war is way overdone. New tariffs make it more likely there will be an economic slowdown in late 2018 and early 2019. The stock market is also way overbought even after the mild decline on Friday. The Dow was the only index that […]

Lumber Prices Fall 45% This Year, Sending Macro Message?

Sep 24, 2018 Jeremy Parkinson Finance 0

Home and Lumber prices can send important messages to how the economy is doing. The chart above looks at Lumber prices over the past 11-years. So far this year, Lumber and the DJ Home Construction index is diverging against the broad market. This chart highlights that Lumber is now down over 40% from its peak […]

E Special Fund Report

Sep 24, 2018 Jeremy Parkinson Finance, No picture 0

I wound up having to spend less time at Bronx Science than expected—because two students whom I was supposed to help prep for their college acceptance interviews failed to turn up. These Chinese-Americans clearly lack respect for their elders, like me. So here is a special blog with news in it rather than tables, to […]

Symantec Audit Committee Ends Probe, Restatement Not Anticipated

Sep 24, 2018 Jeremy Parkinson Finance 0

Symantec Corp. earlier announced that the Audit Committee of the Board of Directors has concluded its internal investigation, which was originally announced in May 2018. The Audit Committee, assisted by independent legal counsel and a forensic accounting firm, conducted a thorough investigation of the allegations raised by a former employee. The company does not anticipate […]

Chart: The Crunch In Commodities – What Does It Mean?

Sep 24, 2018 Jeremy Parkinson Finance 0

Here’s another stand out chart from my chart packs – it’s the CRB raw industrials index, which as you might guess is a price index constructed from a basket of various industrial commodities (e.g. rubber, cotton, zinc, etc). The reason it stands out is obvious… For reference, the chart shows price vs its 200-day moving average […]

In India, ‘Another Fed-Induced Tightening Tantrum’

Sep 24, 2018 Jeremy Parkinson Finance, No picture 0

Following last week’s dollar weakness and concurrent reinvigoration of the reflation trade (perhaps temporary), Nomura’s Charlie McElligott is out with his latest daily missive which, as usual, offers a quick “lay of the land”, so to speak. Earlier on Monday, Mario Draghi, speaking in Brussels, struck a relatively hawkish tone, adding to the policy convergence impetus […]

USD/JPY Probes 10-Week High Ahead Of Wednesday’s Fed Meeting

Sep 24, 2018 Jeremy Parkinson Finance 0

Political news has dominated today’s headlines on both sides of the Atlantic. In the UK this morning, Brexit Secretary Raab reiterated that he was confident that a trade deal with the European Union, surprising absolutely no one, though rumors of a potential snap election in November certainly caused some traders to raise their eyebrows. Meanwhile, […]

China: The Emerging Markets (Relative) Haven

Sep 24, 2018 Jeremy Parkinson Finance, No picture 0

The S&P China 500 is down 25% since January 26,1 an ugly and quick plunge that fits the common definition of a bear market. Who in their right mind would use “haven” in the same sentence as “China”? We will, in context. Compared to cash in a Zurich vault, no, China is not even close to a haven. But is […]

Weekly Technical Perspective On The Japanese Yen (USD/JPY) – Monday, Sept. 24

Sep 24, 2018 Jeremy Parkinson Finance, No picture 0

In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Japanese Yen is trading just below yearly range resistance with the FOMC interest rate decision on tap this week. Here are the key targets & invalidation levels that matter on the USD/JPY weekly chart USD/JPY WEEKLY PRICE CHART […]

China Vows Not To Negotiate Under Threat, As Trump Teases “Major Broadside” Against Beijing

Sep 24, 2018 Jeremy Parkinson Finance 0

Investors had managed to cling on to optimism that the ‘trade skirmish’ between the US and China would reach a swift conclusion – and that the US would ultimately be better off, as China would be forced to curtail practices like its IP theft from US companies. But as downbeat markets observed on Monday morning, […]