Author Archive: Jeremy Parkinson
Oil Update – Monday, Sept. 17
We are up 86% in this trade and I think there is another jump higher in oil prices coming. “Davidson” submits: Many use activity indicators to provide investing insight. The rig count is one of these. The issue is that indicators represent a simple view of dynamic conditions which often make simple interpretation misleading. The […]
Oracle Shares Tumble After Revenue Miss
Despite beating EPS expectations (+71c vs +68c exp), ORCL shares are tumbling over 5% after hours following a top-line miss (Q1 $9.20bn vs $9.26bn exp). Goldman said, before the results hit, that the company needed to have a “clean” earnings report and forecast to ease investor concerns about its change in reporting disclosure. In terms of its segments, […]
January All Over Again?
Midway through last month, as emerging markets crumbled amid the collapse of the Turkish lira, it became abundantly clear that the dollar needed to take a breather if U.S. equities were going to escape unscathed from the latest bout of EM weakness. Since March, the effects of U.S. fiscal policy have largely shielded U.S. stocks […]
Stocks And Precious Metals Charts – The Sky Is Crying – Storm Warnings
“In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth. Wealth is the relentless enemy of understanding.” John Kenneth Galbraith Stocks were a bit wobbly from the open. But they sold off more decisively in the afternoon when it was announced that Trumpolini would have something to say […]
Industrial Production Up For Third Straight Month: 4 Funds
Industrial production increased considerably in August, following an increase in production of motor vehicles and parts. Additionally, output related to utilities and mining also rose, which also supported the surge in manufacturing output. Given these positive trends, the addition of mutual funds that have significant exposure to the industrials and utilities sector could be a […]
Market Talk – Monday, Sept. 17
Another day another US/China trade headline dictating direction and concerns. One has to wonder if President Trump and the Washington Trade team are tagging it and playing good cop bad cop with the negotiators! President Trump is apparently insisting they impose additional tariffs, yet negotiators are attempting new talks. Meanwhile, the trend for both the […]
Downside Risks
By the time Shinzo Abe had been elected, he already had the wind at his back. At least it could have been described that way by Economists. While Abe was given a second chance at being Japan’s Prime Minister in the middle of December 2012, his government found the yen and stock market moving in […]
Middle Class Income Hits All Time High, Poverty Rate Declines, But…
The median middle-class US household earned an inflation-adjusted $61,372 last year – an increase of 1.8% over 2016 and an all-time high as it blew through the previous record set in 1999, according to a Wednesday release by the US Census Bureau. The percentage of people in poverty, meanwhile, dropped slightly from 12.7% to 12.3% – the third consecutive decline. […]
Transition Time: Volkswagen Announces “Electric For All” Campaign
Volkswagen is transitioning away from diesel. Today it announced “Electric for All”. With a world premiere of a new modular electric drive matrix, Volkswagen Launches ELECTRIC FOR ALL Campaign. As part of the ELECTRIC FOR ALL campaign launched today, the brand will be putting attractive models at affordable prices on the road, paving the way for […]
US Consumer Sentiment Nears 14-Year High: 5 Top-Ranked Picks
American consumers took an increasingly optimistic view of the economy in September, per a preliminary reading of consumer sentiment. The University of Michigan consumer sentiment index increased to a six-month high, nearing a 14-year peak and beating most estimates. A more favorable outlook for jobs and income was the primary catalyst for the month’s gains. […]
