Author Archive: Jeremy Parkinson
Homebuilder Confidence Stays Steady In September: 5 Top Picks
The confidence level among the nation’s homebuilders for newly-built, single-family homes remained unchanged in September from the prior month on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Although builders remain perturbed with rising costs and continued shortage of skilled labor, a growing economy and rising income along with increasing household formations […]
Processing Powell’s Rout
The US is going it alone. The rest of the world isn’t so synchronized like it was, purportedly, in 2017. No matter, at least for Americans. Even Europe, last year’s poster boy for what this upswing was going to accomplish, has thoroughly disappointed. The United States is just going to have to leave everyone else […]
“Stupid Time” For Pot Stocks
“This is just stupid time. I can’t believe the valuations at this stage”, says Investitute co-founder Jon Najarian. The new mania is pot stocks. Valuations are beyond absurd, which is what always happens in bubbles. Investitute co-founder Jon Najarian says It’s Stupid Time. In June, Canada announced it will legalize recreational marijuana use effective Oct. 17, […]
Natural Gas Takes A Breather
After spiking over 4% yesterday, the October natural contract pulled back slightly today, settling down a bit less than a percent. On the day the October contract saw by far the largest loss with the rest of the strip more stable. The result was a decent move back in the V/X October/November spread that has […]
The Neatest Idea Ever For Reducing The Fed’s Balance Sheet
I mentioned a week and a half ago that I’d had a “really cool” idea that I had mentioned to a member of the Fed’s Open Market Desk, and I promised to write about it soon. “It’s an idea that would simultaneously be really helpful for investors and help the Fed reduce a balance sheet that they […]
EC Tilray Goes Cray-Cray
I’ve disclosed a few times here that last December I bought the ETFMG Alternative Harvest ETF (MJ) on the first or second day after it changed from a Latin America real estate ETF. When I first bought there was some excitement and the fund went up a little, then it went down a lot […]
Stocks? Throw The Book At Them!
Net worth used to be a simple concept. Add up assets. Subtract liabilities. And celebrate (or mourn) the tangible book value of the company. It is not so simple anymore. In a service-oriented economy, the value of a corporation partially depends on several intangibles. How influential is the company’s brand? What about the impact of […]
A Look At Some Key Levels
Simply a quick look at our “Modern Family” key levels. S&P 500 (SPY) 289.50 pivotal area support. 291.74 the current all-time high, which today’s high came within inches of. Russell 2000 (IWM) Broke 170 on a day Dow made new highs. 168.94 the 50 DMA to hold, then 167.30. Over 170-we still want to see this […]
Are We Headed For A Passive Index Meltdown?
Without Googling, try to guess who said the following quote: “If everybody indexed, the only word you could use is chaos, catastrophe. The markets would fail.” Give up? The speaker, believe it or not, is John Bogle, founder of Vanguard, which has been at the forefront of indexing. Bogle made the comment last year […]
