Author Archive: Jeremy Parkinson
Racing A Thunderstorm: Indonesia’s Fifth Rate Hike Since May Underscores EM Fed Angst
Well, you can’t say Bank Indonesia isn’t trying. On Thursday, BI hiked rates for a fifth time since May, the latest in a series of increasingly frantic efforts to shore up the rupiah in the face of the Fed’s tightening cycle. Simply put, these hikes aren’t working: (Bloomberg) Although acute crises in Turkey and Argentina […]
The Three Largest Cryptocurrencies – Thursday, Sept. 27
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
Hold Back The Barrels
Hold Back the barrels and we’ll have a barrel of fun. Hold back the barrels and we will get crude on the run. Zing boom tararrel, the breakout in oil is clear, now when you hold back the barrels the short fall is here. Oil prices tried to back off after the Energy Information Administration […]
3 Boring Companies Ready To Outperform
Seems like the well-known names and cannabis stocks are getting all the attention. But there are attractive opportunities out there that the market 1. hasn’t caught onto 2. doesn’t care about because it isn’t sexy enough Here are 3 that caught my eye and the criteria I’m using to find them. Searching Criteria While papers […]
The Fed Is Facing Two Bubbles… And It Can Only Save One
Yesterday, the Federal Reserve stated it would no longer be “accommodative” with its monetary policy. On that same day, Fed chair Jerome Powell stated that stock market valuations were in the “upper reaches of historic ranges” i.e. bubbly. And most importantly, the Fed stated it would likely hike rates again in 2018… with another three […]
Fed Turns More Hawkish In September. Is The Gold Case Lost?
Powell and Co. hiked again. And the FOMC removed the important phrase about “accommodative” stance. What now for gold? Yesterday, the FOMC published the monetary policy statement from its latest meeting that took place on September 25-26. In line with the expectations, the US central bank raised the federal funds rate by 25 basis points to the target range of […]
Dollar Could Strengthen Amid Firmer December Hike
As no central bank can match the pace of Fed’s hiking, short EUR/USD? Overnight FOMC meeting shows that December hike is a lock, while those in 2019 remain wild cards. The Fed raised interest rates for a third time this year, and its forecast shows a strong consensus for a fourth hike in December, locking in a […]
Mideast, US Still Lead Regional Equity Markets Returns This Year
Stock markets in the Middle East and Gulf are holding on to a small performance edge over the US equity market so far in 2018, based on a set of exchange-traded funds. The neck-and-neck horse race between the two regions reflects diverging trends in recent months. The formerly high-flying performance WisdomTree Middle East Dividend (GULF) […]
E Markets: Neutral
The stick-shift is likely not far from the 8-track tape. Dinosaurs in the history of technology wrapped around transportation and entertainment, but they remain part of the history and culture. Describing neutral was much more straightforward when you had a clutch. Perhaps that is the lesson for the Fed Chair Powell as the removal of the […]
JPMorgan Sees 23% Upside In Apple Shares, Starts With Overweight Rating
JPMorgan analyst Samik Chatterjee initiated coverage of Apple (AAPL) with an Overweight rating and $272 price target. The shares closed yesterday down $1.77, or 1%, to $220.42. The analyst’s price target implies 23% upside from current levels. While Apple’s leadership position in the premium smartphone market is well understood by investors, its “faster-than-expected” transformation to […]
