October 2018 - Page 199 of 262 -

Extremes In Bond Market Sentiment

Oct 08, 2018 Jeremy Parkinson Finance 0

3 Quickfire charts on US bond market sentiment… some of these sentiment charts are clearly at an extreme – and that’s usually when you go looking for contrarian signals. But then I look at a lot of charts on the bond market and it’s quite easy to make a case for a major trend change. […]

Gold: Ready, Set, Go! Were You Really Ready?

Oct 08, 2018 Jeremy Parkinson Finance 0

The previous week is over and even though we haven’t seen any significant volatility in its final part, it doesn’t mean that we haven’t seen any meaningful signals. We did and one of them has important implications for the short term and a few others have much more important implications of the medium-term nature. Based on […]

Stock/Bond Indicator Creating A Topping Pattern

Oct 08, 2018 Jeremy Parkinson Finance 0

This chart compares the relative strength of Stocks to bonds by creating the S&P 500/10-Year yield ratio (SPX/TNX) on a monthly basis, since the mid-1970’s. The stock/bond ratio’s trend has been up for the past 34-years, following a resistance breakout in the early 1980’s. Nothing of late has changed this long-term bullish trend. Currently, the long-term trend is […]

Bigger Has Been Less Bad

Oct 08, 2018 Jeremy Parkinson Finance 0

The average stock in the S&P 1500 (a combination of large-caps, mid-caps, and small-caps) is down 2.71% already in October. The chart below shows that the smaller the stock, the worse performance has been. We broke the S&P 1500 into deciles based on market cap at the start of the month — decile 1 contains the […]

Pound Lower Despite Brexit Hopes

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

The Pound Sterling lost momentum on Monday despite word that the British government is close to having a deal in place by next month. Wary FX traders are still assessing all possible outcomes of the Brexit negotiations and decided to book profits which pushed the Pound lower. At the same time, the greenback remains in […]

Beijing Eases Policy, Yuan Slides Towards 10-Year Low

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

On Sunday, the Bank of China cut the level of cash that banks must hold as reserves. The Yuan continued its slide. Reuters reports China Set to Reopen After Beijing Eases Policy. Shares in Asia stumbled in early trade on Monday as investors waited with bated breath as China’s markets prepare to reopen following a week-long […]

E Markets: Indigenous

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Columbus Day holiday in the US, Thanksgiving in Canada, Sports Day in Japan and Indigenous Peoples day throughout the Americas. US stocks are open, US bonds are closed and FX remains the 24/7 focus. There is a bittersweet reflection in the discovery of the Americas by Columbus as many see him as the start of […]

With Investors Bracing For 75% Dividend Cut, Barclays Upgrades GE To Overweight

Oct 08, 2018 Jeremy Parkinson Finance, No picture 0

Barclays analyst Julian Mitchell upgraded General Electric (GE) to Overweight from Equal Weigh with an unchanged price target of $16. The analyst says that while he does not yet know the magnitude of the 2018 guidance cuts, his talks with investors suggest they are braced for earnings per share of 75c for 2018, free cash […]

All Markets Are Cyclical – When Will This One End?

Oct 08, 2018 Jeremy Parkinson Finance 0

I always enjoy reading John Stepek’s work at MoneyWeek. Just recently he addressed the question of where are we in the current market cycle. To wit: “In his latest memo to clients, [Howard Marks] outlines his basic philosophy and how it affects Oaktree’s investment process at the moment. Marks’ basic point – which appears pretty self-evident, though […]

Bears Better Beware A Snapback In Bed Bath & Beyond

Oct 08, 2018 Jeremy Parkinson Finance 0

We recently embarked on research to find companies that would be considered a value. Analyzing the data from our StockMetrix app, Bed Bath and Beyond (BBBY) kept popping to the top of our list. Yet, with sentiment so bearish and last quarter’s results coming in terribly, is it really a value? Investors decided that they’d […]