October 2018 - Page 215 of 262 -

S&P Breaks Critical Technical Support, Below January Highs

Oct 05, 2018 Jeremy Parkinson Finance 0

Following the plunge in Small Caps, the S&P 500 has also broken down below its 50-day moving average – the first break since July... Next stop below here is the January high of 2,873, which may be the next level to watch for potential support.

Most Active Equity Options And Strikes For Midday – Friday, Oct. 5

Oct 05, 2018 Jeremy Parkinson Finance 0

Data Courtesy of Trade Alert

Gold Stocks Recovering 2

Oct 05, 2018 Jeremy Parkinson Finance, No picture 0

The battered gold miners’ stocks are finally starting to recover after a rough few months. Their prices slid with gold in July, plummeted in a brutal forced capitulation in August, and then dropped again in an echo capitulation into mid-September. That left them at fundamentally-absurd price levels wildly disconnected from their actual profitability, leaving this […]

Spiking Mortgage Rates Hurt Housing Market

Oct 05, 2018 Jeremy Parkinson Finance 0

Spiking Mortgage Rates – Soaring Housing was weak this summer because affordability was a problem. Real wage growth basically trod water while interest rates soared. That’s not a recipe for strength in housing. When you add in the increased costs for metals because of the tariffs, we’re in an unusually terrible situation for homebuilder stocks. […]

4 Defense Stocks That Outperformed The S&P 500 Year To Date

Oct 05, 2018 Jeremy Parkinson Finance, No picture 0

The U.S. Aerospace and Defense industry has always stood strong, courtesy of the ever-growing demand for defense equipment and rapid technological advancements. Impressively, the Zacks Aerospace & Defense industry has risen 17.3% compared with the S&P 500’s gain of 15.2% year to date. Let’s take a closer look at the factors that have been backing the stellar […]

We Have Entered The Zone When Yields Trigger Market Selloffs

Oct 05, 2018 Jeremy Parkinson Finance 0

With payrolls now in the rearview mirror and nothing too outlandish revealed in the general goldilocks data, traders have resumed contemplating the one question that is on everyone’s mind: how much higher (and at what pace) will rates rise before stocks are slammed? To be sure, the recent spike in US yields – driven by a […]

August Trade Deficit At $53.24B

Oct 05, 2018 Jeremy Parkinson Finance, No picture 0

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]

Revisions Save An Overhyped Employment Report As Jobs Rise By 134,000

Oct 05, 2018 Jeremy Parkinson Finance, No picture 0

Some expected 300,000 or more jobs in today’s report. Instead, payrolls rose by 134,000. Revisions substantial. Initial Reaction The consensus estimate was 180,000 jobs. The ADP estimate was 230,000, and based on ISM reports, I saw talk of 300,000. Today’s establishment survey shows jobs rose by 134,000 with only 121,000 private jobs. The hype would […]

Gold: The Ultimate Decline That Will Generate The Energy For The Coming Rise

Oct 05, 2018 Jeremy Parkinson Finance 0

Below is a technical analysis of gold. Please don’t shoot the analyst. As you know, several factors could counter this trend that seems to have started, and I may be wrong. I would even say I’d be glad to be wrong. First, here is a big picture of the gold chart in US dollars, on […]

Tropical Labor Math

Oct 05, 2018 Jeremy Parkinson Finance, No picture 0

It was coming, it wasn’t coming. On again, off again. Voluntary evacuations, all clears, and then the rushed mandatory removals. When Hurricane Bonnie finally made landfall, it left people more angry than usual with these kinds of storms. Weather officials just didn’t know where it would end up. In eventually would smack right into Virginia’s Tidewater […]