Author Archive: Jeremy Parkinson
Putting Jeff Bezos’ Record Fortune In Context
As Amazon’s market capitalization surged yesterday, it became the 3rd company in history to top the trillion-dollar level. While third (after PetroChina and Apple) is not bad, CEO Jeff Bezos is on his own in first place in terms of global net worth – almost lapping the next richest person. Bezos’ epic horde is $70 […]
Artificial Booms And The Theory Of “Forced Saving”
In the broad sense of the term, “forced saving” arises whenever there is an increase in the quantity of money in circulation or an expansion of bank credit (unbacked by voluntary saving) which is injected into the economic system at a specific point. If the money or credit were evenly distributed among all economic agents, no “expansionary” […]
Japan’s Not Really A Domino, Though The Timing Is Right
This year is just different. Increasingly so. Not just in one or two places, either, but in way too many places. In Japan, for instance, real Household Spending rose by the smallest amount in July, according to the latest estimates from Statistics Japan. In 2017, this would have been a worrisome sign. In 2018, it […]
Stocks On Sept. 8, 2018: Outlook
*These are my discretionary thoughts on the market. My Medium-Long Term model determines my trades. The economy and stock market move in the same direction in the medium-long term. Hence, leading economic indicators are also leading indicators for the stock market. Thoughts The U.S. stock market is in a rare falling flag pattern. Here’s what this means for the […]
August Jobs Report: 201K New Jobs, Unemployment Rate At 3.9%, Better Than Forecast
Friday morning’s employment report for August showed a 201K increase in total nonfarm payrolls, which was better than forecasts. The unemployment rate remained at 3.9%. The Investing.com consensus was for 191K new jobs and the unemployment rate to drop to 3.8%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor Statistics: […]
Risk Asset Allocation Based On Momentum Relative To T-Bills
Questions continue to come in about systematic approaches to tactical allocation portfolio changes – methods not based on biases, media frenzy, forecasts, chart patterns, valuation or fundamentals. Probably the simplest approach, and one that is about as objective and non-judgmental as systems can be, is to hold those risk assets that are doing best, unless […]
The Bullish CoT Setups In Gold And Silver
You may know me as the guy using weird planetary alignments while assigning proper fundamentals to the gold sector, and recently even doing the same with a somewhat subjective and philosophical view of gold as an important counterweight or insurance component to a sensible portfolio. Or you may know me as the guy who confuses you with too […]
The Week’s Best Earnings Performers: AVAV, WDAY & AVGO
The shortened week, due to the Labor Day holiday, was still full of major news in the investment world. This included an impressive price target for Netflix NFLX and more craziness from Tesla TSLA and its CEO Elon Musk. But in a week short on earnings, three companies stood out. The week of September 3 saw Nike NKE grab headlines for […]
Trade War Could Affect 11 Million US Blue-Collar Workers
President Trump’s trade war with China is expected to last much longer than initially thought — extending into the second half of 2019, experts state. The main reason: neither Washington nor Beijing want to appear politically weak at home, and both are prepared to absorb economic pain; furthermore, Trump is convinced he is winning the […]
