Author Archive: Jeremy Parkinson
Why Rising Yields Are A Massive Problem For Stocks
Our piece on the sovereign bond bubble, which I call “the Everything Bubble,” received a lot of attention last week. With that in mind, today we’re delving deeper into the issue of rising bond yields. A large part of the move in stocks from 2008-2016 was based on the fact that bond yields were so […]
Reversal Or Just Quick Correction Before Another Leg Up?
The U.S. stock market indexes were mixed between -0.5% and +0.3% on Friday, as investors took some short-term profits off the table following the recent advance. The S&P 500 index has reached the new record high of 2,940.91. The Dow Jones Industrial Average gained 0.3% and the technology Nasdaq Composite lost 0.5% on Friday. The nearest important level of […]
Indian Indices Continue Sell-Off; Sensex Slumps Over 530 Points
Share markets in India continued their sell-off seen during the last week and ended the day deep in the red. All sectoral indices traded on a negative note, with stocks in the realty sector, auto sector, telecom sector, and finance sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 536 points (down 1.5%) and the NSE […]
Morning Call For Monday, Sept. 24
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.20%) this morning are down -0.14% and European stocks are down -0.33% due to the prospects of a prolonged trade war between China and the U.S. after China called off planned trade talks. After the U.S. implemented its 10% tariff on $200 billion of Chinese goods as of […]
Commodities And Foreign Stocks Led Global Markets Last Week
Broadly defined commodities surged over the five trading days through Friday, September 21, posting last week’s strongest gain for the major asset classes, based on a set of exchange-traded products. Foreign stocks in developed and emerging markets accompanied the commodities rally, delivering the second- and third-highest gains, respectively. The iPath Bloomberg Commodity Total Return (DJP) popped 3.1% […]
E Markets: Losing
Knowing how to lose is an essential part of success. If timing is the key for getting into a trade, risk management, or cutting your losses, is the key for getting out. The overnight mood has been one about losing as the US seems to not be winning the trade war. Paradoxically, neither does China. […]
Sirius XM To Acquire Pandora In All-Stock Transaction Valuing Pandora At $3.5B
Sirius XM Holdings (SIRI) and Pandora Media (P) announced a definitive agreement under which SiriusXM will acquire Pandora in an all-stock transaction valued at approximately $3.5B. The combination creates the world’s largest audio entertainment company, with more than $7B in expected pro-forma revenue in 2018 and strong, long-term growth opportunities, the companies said. Following the […]
Rise Of The Zombie Corporations: Percentage Keeps Increasing, BIS Explains Why
The BIS discusses zombie corporations. Cheap financing is the primary cause. The result is low productivity. In its latest quarterly report, the Bank of International Settlements (BIS) discusses the Rise of Zombie Firms: Causes and Consequences. Zombie firms, meaning firms that are unable to cover debt servicing costs from current profits over an extended period, have […]
Weekly Gold Forecast – Monday, Sept. 24
Gold prices fell $8.17 an ounce on Friday, ending a three-day streak of gains. Despite Friday’s losses, XAU/USD ended the week with a gain of 0.41%. World stock markets were mostly higher last week. Upbeat risk appetite around the globe kept buyers of the safe-haven metals on the sidelines. All eyes will be on the […]
Global Stocks Slide As Trade War Enters New Phase; Oil Surges
U.S. stock futures followed European and Asian shares lower in thin volume after China called off planned trade talks with the U.S. and the Trump administration imposed another $200 billion in “Phase II” China tariffs just after midnight; oil jumped 2.4% as OPEC+ members defied Trump’s calls for lower oil prices during a weekend conference, […]
