October 2018 - Page 168 of 262 -

Equity Swoon Takes Spotlight, Pushes Dollar To Back Burner

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

There is one story today, and that is the sell-off in global equities. Although the narratives put the US at the center, the fact of the matter is that US equities have been among the best performers this year, despite the rise of interest rates and a President that is not above criticizing the central […]

Tencent Plunges, Logs Record Losing Streak But Don’t Tell Wall Street…

Oct 11, 2018 Jeremy Parkinson Finance 0

If there’s any stock on the planet that could have done without a global selloff catalyzed by a bloodbath on the Nasdaq, it’s Tencent. Coming into 2018, Tencent was an investor darling. 11 months ago, the company blew past Facebook in market value, making it the first Chinese tech name to join the ranks of the world’s […]

“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe

Oct 11, 2018 Jeremy Parkinson Finance 0

It is a sea of blood red this October morning as the biggest market rout since February and the longest selloff of the Trump administration triggered a surge of global selling from the U.S. through Asia and spreading to Europe on Thursday, with markets from Tokyo to London slumping amid fresh fears the decade-old bull […]

Gold Prices: Could We See A Repeat Of The 1970s In The Precious Metals Market?

Oct 11, 2018 Jeremy Parkinson Finance 0

iStock.com/OlyaSolodenko Soaring Interest Rates Bad for Gold Prices? We are seeing interest rates move higher, and this is creating a lot of noise in the gold market. There’s a lot of concern that this could be very bad for gold prices. Before going into any details, do just one thing: Don’t jump to conclusions based […]

Parsing Yesterday’s Stock Market Slide

Oct 11, 2018 Jeremy Parkinson Finance 0

No one knows if yesterday’s 3%-plus plunge in US equity prices is noise or the start of an extended decline. What we do know is that the slide wasn’t entirely unexpected given the strong relative and absolute performance of US stocks in recent history. As noted in Monday’s review of global markets through an ETF lens, equities […]

Selling Pressure Likely To Continue In The US Stock Market

Oct 11, 2018 Jeremy Parkinson Finance 0

We had a big plunge or selloff in the US stock market yesterday, as can be seen in the S&P 500 index charts below. The index closed below the 2.800 level, and below Feb-March-June highs and July-August lows. It is difficult to see the next possible support area on the daily, perhaps it lies somewhere […]

The Everything Bubble Has Officially Begun To Burst

Oct 11, 2018 Jeremy Parkinson Finance 0

The Everything Bubble is bursting. After the 2008 Crisis, global central banks created a bubble in the sovereign bond market via ZIRP and QE. Because these bonds are the bedrock of our current financial system, when Central Banks created a bubble in this asset class, they were effectively creating bubbles in EVERYTHING. That bubble is […]

Trump And The End Of Antitrust

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

The Trump Justice Department has approved a $69 billion merger between CVS (CVS), the nation’s largest drugstore chain, and insurance giant Aetna (AET). It’s the largest health insurance deal in history. Executives say the combination will make their companies more efficient, allowing them to gain economies of scale and squeeze waste out of the system. Rubbish. This […]

Weekly Unemployment Claims: Up 7000

Oct 11, 2018 Jeremy Parkinson Finance, No picture 0

Here is the opening statement from the Department of Labor: In the week ending October 6, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 7,000 from the previous week’s unrevised level of 207,000. The 4-week moving average was 209,500, an increase of 2,500 from the previous week’s unrevised average of […]

Shanghai Index Continues Freefall With Breakaway Gap

Oct 11, 2018 Jeremy Parkinson Finance 0

The first CNBC World Stock Markets Heat Map shows Wednesday’s big drop in North/South American, British and European markets. The second Heat Map shows the subsequent overnight drop in the Asian, etc. markets. At the time of writing this article (around 1:30 am ET October 11), the SSEC is down 4.65%. The Shanghai Index (SSEC) continued its freefall from its January highs with a breakaway […]