Author Archive: Jeremy Parkinson
Korean Regulators Stand Firm On Timeline To Lift Short-Selling Ban By 2025
Image courtesy of 123rf.com South Korea’s financial watchdog affirmed its commitment to lift the short-selling ban in March next year despite market concerns over political uncertainties and implementation challenges.Financial Supervisory Service chief Lee Bok-hyun’s statements to global investors this week come three months after regulators extended the ban through March 2025, a decision that surprised many market observers when it […]
Russell 2000 Earnings Dashboard 24Q3 – Thursday, Dec. 12
Russell 2000 Aggregate Estimates and Revisions The 24Q3 Y/Y blended earnings growth estimate is 25.9%. If the energy sector is excluded, the growth rate for the index is 57.6%. Of the 1,798 companies in the Russell 2000 that have reported earnings to date for 24Q3, 55.8% reported above analyst expectations. The 24Q3 Y/Y blended revenue growth estimate is 0.9%. If the energy sector is excluded, the growth rate for the index […]
Dow Stumbles Again, Stuck In Worst Rut Since April
Inflation data giveth, and taketh away. While November’s consumer price index (CPI) gave stocks a boost yesterday, November’s hotter-than-anticipated producer price index (PPI) set stocks back today. Big Tech ushered the Nasdaq back below 20,000, while the Dow shed 233 points for its sixth-straight loss. The blue-chip index is now mired in its longest losing streak since […]
“Top 2025 Picks” Stock Market (and Sentiment Results)…
Fox BusinessOn Tuesday, I joined Cheryl Casone on Fox Business the “Claman Countdown” to discuss the biggest surprises coming in 2025 and a couple of our holdings. Thanks to Cheryl, Kathryn Meyers, Jake Mack and Liz Claman for having me on:Watch in HD Directly on Fox Business(Theme bet on new jockies/CEOs):We didn’t have time to […]
Biden Kicks Of Fiscal 2025 With Biggest Deficit Ever Who Cares?
Through the first two months of fiscal 2025, the Biden administration managed to run a $624.21 billion budget. It’s the biggest shortfall to start a year on record. The November deficit came in at $366.76 billion, according to the Monthly Treasury Report. That was 16.8 percent higher than the November 2023 shortfall and the biggest November deficit on […]
Another Rate Cut From The ECB And The Next Stop Is ‘Neutral’
Image source: Pixabay The ECB drops a key policy line The ECB cut interest rates by 25bp, bringing the deposit rate to 3%, its lowest level since March 2023. This decision reflects a compromise between growth and inflation worriers, a gut feeling vs. a model-based approach and doves against hawks. At the same time, the ECB […]
Carbon Intensity In The Middle East – An Index Perspective
In December 2023, the COP28 UN Climate Change Conference was hosted in Dubai, once again putting the spotlight on global climate change action and handing the Middle East hosting responsibilities. Describing the current period as “the beginning of the end” of the fossil fuel era,1 this iteration of COP not only gave us the first global […]
Continued Unemployment Claims Plus Those With Expired Benefits Tops 3.5 Million
The lead chart shows the monthly average of Continued Claims from the Department of Labor and those unemployed 27 weeks or longer from the BLS.Initial Claims In the week ending December 7, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 17,000 from the previous week’s revised level. The previous week’s level was […]
Softs Report – Thursday, Dec. 12
COTTON General Comments: Cotton was a little lower yesterday in follow through selling from the monthly WASDE report that showed an uptick in ending stocks estimates. The trends are still turning down. There was not much in the way of news or action in outside markets to spur Cotton in one direction or the other. […]
Interest Rates Tumble As Growth Prospects Sour
Image Source: Pixabay Today’s announcement by the European Central Bank to cut interest rates by a quarter-point to 3 % is yet another sign that central bankers are more worried about economic growth than about inflation. This recent cut is the fourth such reduction in borrowing costs since June. The ECB warned that the Eurozone would […]
