October 2018 - Page 163 of 262 -

‘Failing’ New York Times Gets Price Target Boost As ‘Trump Bump’ Seen Continuing

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

Shares of New York Times (NYT) were on the rise after JPMorgan analyst Alexia Quadrani raised her price target on the stock to $32, citing ongoing digital subscriber growth as the “Trump bump continues.” Since taking office, President Donald Trump has been very critical of the New York Times and many of its media peers, […]

Ruh-Roh! ECB Won’t Rescue Italy, May Force Populists Into E.U. Bailout

Oct 11, 2018 Jeremy Parkinson Finance 0

Amid the ongoing global equity malaise, just about the last thing anybody needs are more negative headlines out of Italy. But when it rains, it pours, which is why on Thursday afternoon, Reuters reported that the ECB will not throw Italy a life preserver in the event the government or the banking sector runs out of […]

Crypto Execs React To Roubini’s “Damning” & “Disheartening” Senate Hearing

Oct 11, 2018 Jeremy Parkinson Finance 0

This morning, renowned economist Nouriel Roubini and CoinCenter director of research Peter Van Valkenburg testified before the U.S. Senate Committee to discuss the cryptocurrency and blockchain ecosystem. “Doctor Doom” rattled his grievances with crypto, calling it “the mother or father of all scams and bubbles” and dubbing blockchain as a “glorified database.” He also claims that no one uses […]

Shanghai Gold Exchange – A Steady Source Of Demand For Physical Gold

Oct 11, 2018 Jeremy Parkinson Finance 0

“Since 2013 China continues to absorb physical gold from the rest of the world at a staggering pace.Worth noting is that gold imported into the Chinese domestic market is not allowed to be returned in the foreseeable future. Because ownership and the disposition of these volumes of gold likely will be of great importance next […]

A Recession Is Coming. Who Will Take The Blame?

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

All booms end in recession. So who will accept the blame for the next one? Of course, nobody will volunteer to take any portion of the blame. Yet fingers will most assuredly be pointing. Trump will blame the Fed for hiking too fast. The Fed will blame Trump for starting a trade war. Scarcely […]

Telling People Not To Panic Isn’t Good Enough

Oct 11, 2018 Jeremy Parkinson Finance 0

I’ve been with my wife for 17 years. And after all that time I finally figured out something really important when we’re fighting – never, never tell her to calm down when she’s mad. You see, this is very important because I am almost always the cause of her anger. Telling her to calm down […]

Bank Earnings In The Spotlight

Oct 11, 2018 Jeremy Parkinson Finance 0

Bank stocks have perked up a bit lately on rising interest rates, but the industry has struggled this year on persistent worries about the shape of the yield curve, trends in loan portfolios and trading volumes and the duration of the current economic cycle. With the yield curve starting to steepen in recent days, some […]

Bonds, Bullion Bid As Dow Collapse Reaches Almost 2000Pts, VIX Tops 25

Oct 11, 2018 Jeremy Parkinson Finance 0

This was not supposed to happen. The Dow is now down almost 2000 points (650 more today) from its record highs last week. S&P and Dow have broken overnight lows (futures) as Nasdaq holds just above it for now. Dow Futures accelerated below 25,000 and rebounded. Where are the “dip-buyers”? They are buying VIX. And bonds […]

Bonds May No Longer Provide A Hedge Against Stocks, Warns Jim Bianco

Oct 11, 2018 Jeremy Parkinson Finance 0

News headlines proclaimed a strange anomaly in the financial markets this week as both stocks and bonds fell together. Typically, when stocks crash, money moves into the bond market and other safe-haven assets to protect capital, but that’s not what we’ve seen since earlier this year. Jim Bianco, founder of Bianco Research, says investors are switching […]

S&P 500 Falls The Most Since February – Nasdaq 100 Falls 4.44%

Oct 11, 2018 Jeremy Parkinson Finance 0

The stock market cratered on Wednesday. The Dow fell 3.16%, the Nasdaq fell 4.08%, the Russell 2000 fell 2.86%, and the S&P 500 fell 3.29%. You can see the daily changes in all four indexes in the charts below. This was the biggest decline since February. There wasn’t a major catalyst for such a vicious […]