Author Archive: Jeremy Parkinson
Morning Call For Tuesday, Sept. 25
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.18%) this morning are up +0.26% and European stocks are up +0.33% as strength in energy stocks leads the overall market higher. Energy stocks were underpinned with Nov WTI crude oil (CLX18+0.36%) up +0.71% on positive carry-over from Monday’s rally in oil prices to a 2-1/2 month high […]
Technically Speaking: Can You “Feel” The Complacency?
Yesterday, the market sold off modestly over continuing concerns of “tariffs” and trade wars. At least that was the headline reason. The real reason was simply that the market is overbought in the short-term and traders were taking profits in a light-volume session. As shown in the chart below, the sell-off yesterday is now turning previous resistance, […]
3 Large-Cap Mutual Funds For Alluring Returns
Large-cap funds are considered prudent choices for risk-averse investors when compared with their small and mid-cap counterparts. These funds have exposure to large-cap stocks, with a long-term performance history and offer more stability than mid or small caps. Companies with market capitalization of more than $10 billion are generally considered large cap. However, due to […]
Sterling Still Gaining
Sterling continues to move higher with a general improvement in investors’ risk appetite as hopes continue to rise that the UK government will be able to secure a Brexit deal. After last week’s sell off of the Pound, that hope has prompted FX traders to buy the currency back. Theresa May and her government have […]
E Markets: Palaver
Another day of lackluster news but with a myriad of central bank speakers. Their palaver dominates into the FOMC. Rates may not yet matter but they are higher and this will glacially move the mountains of risk capital. Just as talking eventually makes forward guidance less powerful, so too, higher rates makes debt less acceptable. […]
Cryptos Crash After “Mt.Gox” Tokyo Whale Renews Bitcoin Liquidation
Cryptocurrencies are crashing once again following reports that the trustee liquidating the defunct exchange Mt. Gox has offloaded another 25.98 billion yen ($230 million) of Bitcoin and Bitcoin Cash. While Bitcoin is the best-performer (down around 4%), the rest of the crypto space is collapsing faster… Notably, as Bloomberg reports, the disposals were made in the period […]
This Year’s Rally In US Small-Cap Stocks Begins To Stumble
Small-capitalization equities in the US have been on a tear this year, but investors are wondering if the headwinds in recent weeks are a sign that the strong upside momentum has run its course. Small caps are still comfortably in the lead over large caps year to date, but trading in September has witnessed a […]
The Knock-On Effects Of A Deleveraging China
Over the last two decades, China has been following the Gerschenkron Growth Model to deliver high levels of extended economic growth. The Gerschenkron model of growth goes like this: Undeveloped countries are plagued by poor infrastructure and have low savings and investment rates. To increase investment and boost development, they lower the household’s share of GDP thus […]
Relatively Vigorous
Social media is abuzz with the news that Instagram’s founders are leaving the company and handing the keys over to Mark Zuckerberg. When they initially sold Instagram to Facebook for $1 billion in 2012, Mike Krieger and Kevin Systrom were kept in post, to manage the creative development of the rapidly growing platform. However, after many clashes with […]
E Crude Oil Trading At A 4-Year High; Trafigura Sees $100/Barrel
Crude Oil Trading at a 4-Year High; Trafigura Sees $100/Barrel Global crude oil blasted through $80 price level on Monday to peaked at $81.67 a barrel. The jumped in price has been attributed to the comments of OPEC on production cut following President Trump’s call for lower oil prices. Saudi Arabi, OPEC’s largest producer, and […]
