Author Archive: Jeremy Parkinson
E SPX, Gold, Oil And G6 Targets For The Week Of September 24th
The SPX followed the script we offered last week to the T. It sold off early in the week to support at the January high, rallied, reached the upside target on Thursday and printed a weekly close just below that target. By the way, setting up alerts at target levels is a convenient way to […]
Upcoming Earnings To Watch: NKE, RAD, BB
U.S. stocks saw a mostly positive week after Wall Street shrugged off early concerns about escalating trade tensions. Investors are still looking with a cautious eye toward next week’s Fed meeting, but with Q3 earnings season on the horizon, it is possible a thaw in the trade war could give way to further gains. New […]
Monetary Hierarchy, Independence, And Shaming Greenspan Yet Again
In June 2003, while discussing the vote that would take the federal funds rate to its then-lowest point, 1%, Alan Greenspan committed what may have been the greatest monetary sin of modern times. The focus for much of the discussion was Japan, that country’s central bank pioneering at that early date all the things the […]
E Stock Analysis: Mastercard Incorporated
(Video length 00:05:21) We have new numbers on MasterCard just as it is making new highs in the markets.
Hollow Victories: The Best Anyone Can Hope For In Trump’s Trade Wars
Greg Ip, my favorite WSJ columnist, discusses iPhone assemblies and hollow victories of Trump’s trade wars. Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United […]
Bank Of America Spots A “Watershed Data Point”
Retail investors are back with a bang: in the last week, investors plowed $13.9BN in global equities (of which $18.3BN was in the form of ETF inflows, while active money saw another $4.5BN in outflows) with another $0.7BN flowing into bonds, $0.4BN out of gold (as has been the case lately). Of note: a return […]
ETF Flows Suggest Bulls See Room To Run Despite Lofty Valuations
In a week where US household wealth gapped up to $123 trillion, investors continued to pour money into exchange-traded funds that track US indices. The three main markets shrugged off trade war fears and pressed higher, with the exception of the Nasdaq. Still, demand for the tech-heavy index was similarly robust. The chart above contains the aggregate […]
E World Trade Is Slowing, Perhaps Even Shrinking. This Is A Bad Sign
“The U.S.-led trade war is starting to hurt the world economy. Latest data from the CPB confirm global trade volumes were flat last quarter, the worst performance since 2016, as U.S. tariffs on steel and aluminum imports and retaliatory measures from affected trade partners came into effect.” (National Bank of Canada, Monthly Economic Monitor, September […]
Who Could’ve Known “Crash Brexit” Would Be Problematic?
In the aftermath of the Salzburg summit, where the Chequers plan was dismissed by the EU, and PM May demanded “respect”, the pound has plunged. Source: TradingEconomics.com. Deutsche Bank (Harvey, et al., “Deep impact: DB forecasts in a crash Brexit”) yesterday lays out why: In our analysis, we calculate that UK growth will be around 4% cumulatively […]
US/Global Stocks, Commodities, Precious Metals And The ‘Anti-USD’ Trade
The most recent leg of the US stock market rally and the bounces in global equities, commodities and precious metals are coming as part of an “anti-USD trade”. Certain US stock sectors, most global stock markets, commodities and precious metals were pressured by the USD rally that began in April and now, as the buck eases, […]
