October 2018 - Page 120 of 262 -

Banks Creating Pattern Similar To 2007 Highs?

Oct 17, 2018 Jeremy Parkinson Finance 0

The left chart above looks at the Bank Index (BKX) over the past 13-years. In 2007, the index diverged with the broad market as it was creating a bearish descending triangle. Once support of the descending triangle broke, selling pressure ramped up. This pattern took place while “interest rates were actually moving higher, which is often good for banks.” […]

GBPUSD Upside Momentum Halts, Eyes 1.3082 Zone

Oct 17, 2018 Jeremy Parkinson Finance 0

GBPUSD upside momentum was halted during Wednesday trading session. It now eyes its support located at 1.3082 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more decline towards […]

New Residential Building Permits: 1.241M In September

Oct 17, 2018 Jeremy Parkinson Finance, No picture 0

The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for September new residential building permits. The latest reading of 1.241M was a decrease from 1.249M in September and below the Investing.com forecast of 1.278M. Here is the opening of this morning’s monthly report: Building Permits Privately‐owned housing units authorized […]

E Global Investing: Oh Cannabis

Oct 17, 2018 Jeremy Parkinson Finance, No picture 0

Happy Cana(bis)da Day. I was quoted on a US stock today in Wallstreetsbestinvestments’ monthly issue. My special expertise is global but we are currently in the dog house because of the strong dollar. It is about to reverse. Today we have two results reported for Q3 and so I am not going to hold forth […]

Mama Mia! Here We Go Again: Italian Budget Woes Unnerve Investors

Oct 17, 2018 Jeremy Parkinson Finance, No picture 0

Italy is in trouble once more. The 10-year Italian bond (BTP) yield has risen 80 basis points to 3.55%1 since late last month on news that the country’s draft budget plan (officially sent to the EU Commission on Oct. 15) has a deficit target of 2.4% of GDP (gross domestic product) for 2019. At one level, […]

Not A Lot Of Follow-Through

Oct 17, 2018 Jeremy Parkinson Finance 0

Just like that, is everything all better with the market? While it may seem that way after yesterday’s big gain, there’s not much follow-through today as futures are lower. The only pocket of strength is in the Nasdaq where futures are indicated modestly higher on the heels of strong earnings results from Netflix (NFLX). Housing Starts […]

Subdued September Inflation Means Real Hourly And Aggregate Wages Grow

Oct 17, 2018 Jeremy Parkinson Finance 0

Courtesy of subdued gas price increases this year vs. one year ago, overall consumer prices rose only 0.1% in September vs. 0.5% one year ago (and 0.3% over the last two months vs. 0.9% one year ago). As a result, YoY CPI growth is down to 2.3% vs. 2.9% several months ago, and that means […]

Robotics And Cheap Energy Are Making U.S. Manufacturing Great Again

Oct 17, 2018 Jeremy Parkinson Finance 0

Many believe the U.S. cannot compete with China on a manufacturing basis. While the U.S. is unlikely to employ as many manufacturing workers as it did in the 1970s, it is much stronger — and competitive — than most assume. This time on FS Insider we spoke with Lauren Saidel-Baker at ITR Economics to discuss […]

Should You Follow Carl Icahn Into DLTR?

Oct 17, 2018 Jeremy Parkinson Finance 0

On October 16, the NY Post reported that Carl Icahn is accumulating a stake in Dollar Tree (DLTR – Research Report) . Apparently, we are looking at a ‘significant’ stake. On the news shares jumped 6.8%. The market is still awaiting details, but what we do know is that Icahn (Performance Profile) is an activist investor, known for […]

The Market Isn’t The Economy: A Snapshot From The Depression

Oct 17, 2018 Jeremy Parkinson Finance 0

“We gathered on porches; the moon rose; we were poor. And time went by, drawn by slow horses. Somewhere beyond our windows shone the world. The Great Depression had entered our souls like fog.” – Pantoum of the Great Depression – Donald Justice. Wall Street insiders relish market troughs. They bask sanguine in their confidence of history. Tenured […]