2018 - Page 114 of 1751 -

Approaching The Point Of No Return?

Nov 13, 2018 Jeremy Parkinson Finance 0

At the end of June, the crude curve really got out of hand. WTI futures had returned to backwardation many months before, and then the eurodollar/collateral explosion May 29 sapped some crude strength. Over the following month, curve backwardation would become extreme as the benchmark price seemed ready to skyrocket. After getting up near $80 […]

What Is Missing To Complete A ‘Crash Signature’ For 2018

Nov 13, 2018 Jeremy Parkinson Finance 0

Here is a little more to expand on the posting I made last night here. We have had a long run-up, with only a few corrections, to new all-time highs. The market has finally broken and corrected significantly. You can see comparisons to 1929 and 1987 in the first chart below. This was forwarded to […]

NFIB Small Business Survey: “Small Business Optimism Marks Two Years Of Continued Historic Readings”

Nov 13, 2018 Jeremy Parkinson Finance, No picture 0

The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for October came in at 107.4, down 0.5 from the previous month. The index is at the 98th percentile in this series. Today’s number came in below the Investing.com forecast of 108.0. Here is an excerpt from the opening summary of the […]

USD Rally Pauses As EUR, GBP Gain On Italian Budget, Brexit Hopes

Nov 13, 2018 Jeremy Parkinson Finance, No picture 0

The US Dollar (via the DXY Index) is taking a breather on Tuesday after hitting fresh 2018 highs at the start of the week. However, the reason for pause isn’t due to any machinations around the US economy, Fed policy, or the US-China trade war; but rather, attention has turned to potentially positive developments in […]

“The Collapse Has Begun” – GE Is Now Trading Like Junk

Nov 13, 2018 Jeremy Parkinson Finance 0

Two weeks after we reported that GE had found itself locked out of the commercial paper market following downgrades that made it ineligible for most money market investors, the pain has continued, and yesterday General Electric lost just over $5bn in market capitalization – while far less than the $49bn wiped out from AAPL the same day, […]

Why Gold Is Likely To Fall To $1180 This Week

Nov 13, 2018 Jeremy Parkinson Finance, No picture 0

Last week, the Federal Reserve released its monetary policy statement. In the statement, the bank announced that it would leave interest rates unchanged. This was expected. What was not expected was the hawkish tone from the bank. The Fed officials said that the US economy was strong enough to handle another rate hike. This left […]

ETFs To Benefit & Lose From A Strengthening Dollar

Nov 13, 2018 Jeremy Parkinson Finance 0

The U.S. dollar is on fire once again, with the dollar index rising to a 16-month high against the basket of other currencies. The surge was driven by the political malaise in Europe, especially growing uncertainty over a smooth Brexit deal and concerns over Italy’s budget that has led to the decline in euro and […]

Market Tactics For A Golden Smile

Nov 13, 2018 Jeremy Parkinson Finance 0

So far, the “traditional Thanksgiving rally” in the US stock market looks more like a rancid Thanksgiving turkey that belongs in the trash can. Many investors appear to have bought the US stock market when it was peaking mainly because of their enthusiasm for President Trump. They forgot about the business cycle and the Fed […]

Party Like 1999 & 2000 Or Respect Bearish Divergences

Nov 13, 2018 Jeremy Parkinson Finance 0

This 4-pack looks at the DJ Home Construction, Banks, Junk Bonds and the S&P 500, highlighting that bearish divergences took place in 1999 and 2007 at each (1). These assets were sending bearish topping messages “BEFORE” the tops in 2000 & 2007. Looking at this year, each asset has been creating bearish divergence since early 2018 at […]

Crude’s Drop Makes Higher Prices Likely

Nov 13, 2018 Jeremy Parkinson Finance 0

Crude oil just set a record of sorts, by falling for eleven consecutive days (as of this morning). Fears that sanctions on Iran would cause a supply shortage, leading to a price spike, now seem unfounded. Not long ago, many were surprised at the high degree of compliance. France’s energy giant Total’s CEO said it was, “…impossible […]