November 2018 - Page 147 of 209 -

Apple Price Target Raised To $253 From $226 At Morgan Stanley

Nov 08, 2018 Jeremy Parkinson Finance 0

Morgan Stanley analyst Katy Huberty said she thinks the market is underestimating both the growth and value impact of Apple’s (AAPL) Services business, which she sees being the key growth driver for Apple over the next five years. Following the firm’s survey, which signaled spending increases over the next year, she tells investors in a […]

Why The Economic Slowdown Will Rattle Stock Investors

Nov 08, 2018 Jeremy Parkinson Finance 0

The economy, as measured by gross domestic product (GDP), grew at 4.2% in the second quarter. It slowed to 3.5% in the third quarter. Meanwhile, Q4 projections have been coming in closer to 2.9%. An optimistic “take” would be to exclaim that the 2% pace that has been the hallmark of the current expansion is now […]

Post US Election Commentary

Nov 08, 2018 Jeremy Parkinson Finance 0

We had expected the stock market to rally sharply if the Republican party had held on to the House, which is why we dumped our soon to expire Apple Puts at the good profit beforehand, but we had not expected a rally of the magnitude we saw yesterday if they lost it. So what is […]

‘Hawkish’ FOMC Signals Rate-Hike-Trajectory Unphased By Market Volatility

Nov 08, 2018 Jeremy Parkinson Finance 0

Amid expectations of a nothingburger FOMC statement, The Fed delivered, leaving rates unchanged and signaling “further gradual rate increases ahead”. However, they did note, as expected, a slight downgrade on business investment to “moderated from its rapid pace earlier in the year,” but positively noted that household spending “has continued to grow strongly”. There were no changes to communications policy, the […]

The Tax Cuts And Jobs Act, One Year Later

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

The Tax Cuts and Jobs Act was signed into law by President Trump less than a little less than year ago, on December 22, 2017. What are the likely benefits and costs associated with the legislation? The Fall 2018 issue of the Journal of Economic Perspectives (where I work as Managing Editor) includes a two-paper […]

Individual Investors Continue To Be Optimistic

Nov 08, 2018 Jeremy Parkinson Finance 0

The sentiment of individual investors in the weekly AAII survey saw a huge jump in bullish sentiment last week. This week, while the number did not skyrocket, there was another increase after a solid week of gains. The bullish camp saw a 3.4 percentage point increase to 41.28% from 37.93%. Bearish sentiment fell to 31.19% from 34.48%. It […]

How Italy Leaves The Eurozone, Step By Step

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

Earlier today, Italy told the EU where to go with it budget demands. Expect the EU to huff and puff. The EU demands Italy do something about its buildup of debt. In response, Italy dismisses ‘implausible’ EU forecasts, says budget is sound. “There are no grounds for questioning the soundness and the sustainability of our reforms,” […]

AUD/USD Price Outlook: Aussie Breakout Stalls Ahead Of Resistance

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

The Australian Dollar is up nearly 4% off the yearly lows with the rally breaking through yearly down-trend resistance this week. Here are the updated targets and invalidation levels that matter on the AUD/USD charts this week. AUD/USD DAILY PRICE CHART Technical Outlook: In my latest AUD/USD Weekly Technical Outlook we highlighted a multi-month resistance slope in price with our ‘bottom line’ […]

October 2018 CBO Monthly Budget Review: Fiscal Year Deficit Increased To 3.8% Of GDP

Nov 08, 2018 Jeremy Parkinson Finance 0

from the Congressional Budget Office In fiscal year 2018, which ended on September 30, the federal budget deficit totaled $779 billion—$113 billion more than the shortfall recorded in 2017. The deficit increased to 3.8 percent of the nation’s gross domestic product (GDP) in 2018, up from 3.5 percent in 2017 and 3.2 percent in 2016. […]

The Philly Fed ADS Business Conditions Index Update – Thursday, Nov. 8

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

Note: We’ve updated our periodic look at the Philly Fed ADS Index today’s release, which includes unemployment claims through November 3. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, […]