Author Archive: Jeremy Parkinson
The Weekender: As Bond Markets Recalibrate, TINA Still Stands Tall
Image Source: Pixabay MARKETS Despite a U.S. equity market wobble, TINA still stands tall.Wall Street wobbled last week, with indices stumbling amid anticipation of a likely hawkish tilt from the Federal Reserve at this week’s meeting. Amidst climbing yields, where 10-year bonds touched 4.40%, investors have sharply recalibrated their outlook. The financial markets, once dismissive, now […]
Plucked Like A Chicken
Image Source: UnsplashOne of my thirteen bearish positions, Wingstop (WING) is doing dandy, having affirmed the failure of its long-term trendline.You can see the longer-term implications here.As Slope’s options chart shows, I’m long March 21 2025 $370 puts on this sucker, and I’m definitely holding on for this one.More By This Author:Roblox BreakoutSizzling SilverCalamitous Ratio
Eggs
Image Source: PexelsBloomberg points out eggs were big in the PPI, accounting for 80% of the y/y rise (egg prices spiking due to avian flu). I wondered what eggs accounted for in the food at home component of the CPI.Didn’t have the CPI subcomponent for eggs handy, so I took the BLS not-seasonally-adjusted price of a dozen large […]
Subsidies And Waste
Image Source: PexelsIt is possible to spend $100,000 on a luxury car. Most people don’t do so, and not just because they cannot “afford” one. Even among Americans with over $100,000 in wealth, only a tiny fraction would choose to spend $100,000 on a luxury car. You can also spend $35,000 on a luxury car, something […]
Walgreens Invites A Rube Goldberg Buyout Plan
Cartoonist Rube Goldberg designed fantastical machines to complete simple tasks through tortuously convoluted mechanisms. Buyout shop Sycamore Partners might take his contraptions as a model, judging by a Wall Street Journal report that it’s in talks to acquire Walgreens Boots Alliance. The struggling $8 bln drugstore is buried under a $36 billion morass of debt, leases and […]
Silver ETFs Outshine Gold In 2024: What’s In Store For 2025?
Image Source: Pixabay The precious metals, especially gold and silver, have performed remarkably well in 2024, driven by lower rates and safe-haven demand. iShares Silver Trust (SLV – Free Report) and abrdn Physical Silver Shares ETF (SIVR – Free Report) have risen more than 33% this year, outperforming SPDR Gold Trust ETF (GLD – Free Report) , which has gained 31.3%.A lower interest rate environment has raised the […]
Hotter Than Expected Inflation Is Causing Rates To Soar
Image source: Pixabay The market was essentially flat today, but that’s a distorted picture. Currently, this is the Bloomberg 500, which serves as a proxy for the S&P 500. When we break it down, Broadcom rose 24% today, adding almost nine points to the index. Without Broadcom’s big move, the equity market wouldn’t have performed nearly […]
Got Copper Or Miners? Watch Out.
Copper, silver, and gold quite often move together, especially during the big moves.And this is currently very helpful.Given gold’s recent decline and a much bigger decline in silver and mining stocks, one might wonder whether miners’ and silver’s weakness are telling the truth about the precious metals market’s outlook, or if it’s gold that’s been […]
Potential Shift To AI Sends Bitcoin Miner’s Stock Up 10%
Image Source: Unsplash Shares of Riot Platforms (Nasdaq: RIOT) were moving higher Friday after the news broke that the Bitcoin mining firm could be expanding operations into AI data centers.The Wall Street Journal reported Friday that Starboard Value, an activist investor, had recently taken a significant stake in Riot Platforms, the largest U.S. Bitcoin miner in the U.S. by number […]
The Market Is Breaking Bad
Image Source: Unsplash It’s not looking great for the bulls – not that I’m complaining. Divergence continues to grow – weekly gains for the Nasdaq, losses for the Dow 30 and S&P 500.The advance/decline line of what’s going up versus what’s going down continues to decline. The usual suspects in the Magnificent Seven were dead today […]
