The Fed’s In A Box And People Are Starting To Notice
Sep 25, 2018
Jeremy Parkinson
Finance
It’s long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would eventually be forced to choose between the deflationary collapse of a mountain of bad debt and the inflationary chaos of a plunging currency. That generation-defining crossroad is finally in sight. […]
EU Rebukes Trump, Will Create “Special Vehicle” To Bypass US Sanctions On Iran
Sep 25, 2018
Jeremy Parkinson
Finance, No picture
The stage is set for a major confrontation between the US and EU over Trump’s sanctions on Iran. The Wall Street Journal reports Europe Plans ‘Special Vehicle’ to Maintain Companies’ Ties to Iran, Avoid U.S. Sanctions. The European Union said late Monday that it would establish a special payment channel to allow European and other companies […]
Nvidia Stock: The Numbers Look Good
Sep 25, 2018
Jeremy Parkinson
Finance
Nvidia (NVDA) has benefited tremendously from the growing demand for GPUs in the gaming industry over the past several years. In addition to this, computing is becoming increasingly more visual in all kinds of areas, which is providing a strong tailwind for GPUs. Management has played its cards well, positioning the company for growth in […]
Home Price Gains Slow In July
Sep 25, 2018
Jeremy Parkinson
Finance, No picture
With today’s release of the July S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.10% month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years. Today’s S&P/Case-Shiller National Home Price Index (nominal) reached another […]
The FOMC Skid?
Sep 25, 2018
Jeremy Parkinson
Finance
Way back in August of 2013, two FRBNY staffers wrote a paper titled, “The Pre-FOMC Announcement Drift”. It was a great paper by David Lucca and Emanuel Moench which highlighted the tendency for the S&P 500 to rise in the period right before FOMC meetings. The data they used was from 1994 to 2011 and […]
Ask The Monkey
Sep 25, 2018
Jeremy Parkinson
Finance
The much-anticipated SurveyMonkey (SVMK) IPO is scheduled for tonight. The proposed price range remains $9-11. For a relatively small deal (13.5M shares) there are a lot of banks on the cover – 11 in all with JPM, Allen, and BofA leading the charge. Online surveys are a niche market but SurveyMonkey has emerged as a […]
Stock Market Prediction For The Rest Of 2018
Sep 25, 2018
Jeremy Parkinson
Finance, No picture
Analyse and a stock market prediction for the end of the year. Video Length: 00:04:46
E
It Is Easy To Understand Why The U.S. Has Backed Down On NAFTA Deadlines With Canada
Sep 25, 2018
Jeremy Parkinson
Finance
The WSJ reported today that the United States is prepared to put on hold talks re-negotiating NAFTA with Canada. Threats and deadlines issued by President Trump has no impact on the Canadian trade negotiators. Canada seems to be no hurry to meet the demands of the President. Trade Representative Robert Lighthizer states that “there is […]
Brent Oil Hits The Highest Level Since November 2014
Sep 25, 2018
Jeremy Parkinson
Finance
Brent Oil Price Increase Drives Inflation Expectations The worst sectors were real estate and consumer staples as they fell 1.89% and 1.5%. The best ones were energy and tech which increased 1.47% and 0.31%. As you can tell, oil prices and interest rates affected stocks on Monday. Brent oil peaked at $81.39 which was its […]
US & Global Market Internals
Sep 25, 2018
Jeremy Parkinson
Finance
Last week we introduced Uncle Buck as an ‘internal’ and boy, did he not disappoint. USD dropped through the 94 area support and closed the week that way, despite a bounce on Friday. If the breakdown is not a whipsaw, our initial target is the 200 day moving average (currently 92.44) and the expectation would […]