October 2018 - Page 22 of 262 -

2400 In Store For The SPX?

Oct 30, 2018 Jeremy Parkinson Finance 0

Further to my post of October 21, the U.S. Homebuilders ETF (XHB) decline continues. Price is now sitting just beneath its long-term 38.2% Fibonacci retracement level of 32.33, which had represented a first major support level (now major resistance). Second major support level (50% Fib retracement) sits at 27.60. The following weekly comparison chart shows price action of the SPX (green bars), XLF (pink) and XHB (blue) pre and post-2008/09 financial crisis. […]

Volcker Blasts Bernanke And Yellen Over 2% Inflation Target

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Volcker openly criticizes his Fed successors over inflation targeting. He is correct yet he did not go far enough. False Precision Paul Volcker wrote an op-ed for Bloomberg accusing the Fed of “false precision”. On that score, as well as inflation targeting, his criticisms are accurate. Please consider What’s Wrong With the 2 Percent Inflation Target by […]

China’s Bitcoin Mining Dominance Imperils US Companies And The Government Is Worried

Oct 30, 2018 Jeremy Parkinson Finance 0

Featured Image Credit: IEEE China is the undisputed world leader in Bitcoin mining and U.S. President Donald Trump’s administration is getting concerned. The country currently controls over 70 percent of Bitcoin’s hashing-power. And, the fear is that it may eventually have significant influence over U.S. companies already involved in the industry. Trump’s Administration Aware of China’s […]

AUD/USD Weekly Analysis – Tuesday, Oct. 30

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

AUD/USD’s short term downtrend from 0.7159 had completed at 0.7020 already. Further rally would likely be seen and next target would be at 0.7150 area. Support is at 0.7020, only a breakdown below this level could trigger another fall towards 0.6900.

Sensex Trades Lower; Metal & Energy Stocks Drag

Oct 30, 2018 Jeremy Parkinson Finance 0

Stock markets in India are trading lower presently. Among the sectoral indices, metal stocks and energy stocks are witnessing maximum selling pressure. The BSE Sensex is trading lower by 146 points (down 0.4%), and the NSE Nifty is trading lower by 17 points (down 0.2%). Meanwhile, the BSE Mid Cap index and the BSE Small Cap index are trading up by 0.9% & 1% respectively. The rupee is […]

Oil Prices Fall After Rising Output

Oct 30, 2018 Jeremy Parkinson Finance 0

Oil prices fell on Tuesday morning in Asia, where Saudi Arabia and Russia pledged to raise crude output, easing market fears over the looming sanctions on Iran, which began in November. Saudi Arabia pledged earlier this month to raise oil production to offset the drop in Iranian exports expected to be caused by US sanctions. The […]

October Regional Fed Manufacturing Overview

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Five out of the twelve Federal Reserve Regional Districts currently publish monthly data on regional manufacturing: Dallas, Kansas City, New York, Richmond, and Philadelphia. Regional manufacturing surveys are a measure of local economic health and are used as a representative for the larger national manufacturing health. They have been used as a signal for business uncertainty and […]

E The Forgotten Topic – The US Budget Deficit Is Approaching One Trillion Dollars

Oct 30, 2018 Jeremy Parkinson Finance, No picture 0

Even though the US economy is literally booming, the US Treasury reported its highest budget deficit in six years. The massive corporate and individual tax cuts passed by the Republican-controlled Congress late in 2017 and the increase in government spending agreed to in February has clearly escalated the fiscal deficit, as most economists expected. This […]

Hedge Funds May Finally Be Turning On Tech Stocks

Oct 30, 2018 Jeremy Parkinson Finance 0

Hedge fund managers and market watchers have been saying it for months. Tech stocks are done; it’s time to ditch the pricey momentum names in favor of value stocks. Unfortunately, it seems like every time we hear that the tech sector pauses ever so briefly before taking another leap even higher into the sky. So when […]

Contagion

Oct 30, 2018 Jeremy Parkinson Finance 0

The word contagion is easy enough to understand. Whether the spread of disease or disaster, sometimes it is difficult if not impossible to contain. In financial terms, contagion is often thought of along the lines of 2011; Greece started it and it spread throughout the rest of Southern Europe. The euro was coming apart, and […]