Author Archive: Jeremy Parkinson
5 Broker-Friendly Stocks To Counter Market Jitters
It is a well-documented fact that the U.S. economy is in good shape. Despite this, there are certain developments, which are keeping investors on the edge. While trade-related tensions with China continue to be a source of worry, President Trump’s threat to exclude Canada from a new NAFTA deal has also increased investor concern. Moreover, […]
“It Will Get Everyone’s Attention”: Cigna Sells $20BN In Second Biggest Bond Deal Of 2018
At a time when Trump’s tax repatriation holiday allowed many corporations to avoid issuing debt altogether, leading to what some have dubbed corporate quantitative tightening, and resulting in many cash-rich corporations to not issue any debt in 2018… … some bond traders have lamented the lack of high-grade supply. Today that changes because Cigna is selling $20 […]
It’s A Dollar-Based Boom Shortage More Than Anything
Liquidity preferences are one of the least discussed economic concepts. There are several channels into which monetary instability can hamper the real economy. A “dollar” squeeze doesn’t just impact banks, they often pass it along further down the economic chain. In its most extreme form, we had something like 2009. Some of the best companies […]
Decision Time For Nasdaq
The Nasdaq experienced its second day of losses to bring it back down to 2018 channel support. This looks to be a critical time for the index given the convergence with the 20-day MA. There was a MACD trigger ‘sell’ and -DI/+DI ‘sell’ too to compound today’s selling. On-Balance-Volume will turn negative tomorrow if there […]
Why Bonds Can’t Go Down
The better headline for this story is “If Bonds Can’t Go Down Stocks Can’t Either.” The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike. Last week, the yield on the 10-year Treasury bond traded as low at 2.85%. That is a miniscule 25 basis points […]
Is It Time To Migrate Out Of Stocks?
Magpies, illustrated in the photo, once September and the cooler weather hits, leave the high country and head low to find heavy cover. As investors consider September one of the hardest months to trade, we are finding many leaving the rally and heading for heavy cover as well. Yesterday, we looked at a shaky market […]
Stocks For You To Swing-Trade: CMG, DFS, HLT
Friday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Chipotle Mexican Grill (CMG) Long Discover Financial Services (DFS) Short Hilton Worldwide (HLT)
Market Remains Overvalued – Thursday, Sept. 6
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
AUD/USD Holds Narrow Range Despite Rising Australia Mortgage Rates
AUSTRALIAN DOLLAR TALKING POINTS AUD/USD holds a narrow range even as commercial banks in Australia start to raise interest rates, with the exchange rate at risk for further losses as the Reserve Bank of Australia (RBA) remains in no rush to lift the official cash rate (OCR) off of the record-low. AUD/USD HOLDS NARROW RANGE DESPITE […]
Stocks Sink As FANG Suffers Longest Losing Streak In 7 Months
China Stocks slumped once again… European stocks faded with DAX and CAC underperforming on the week… Nasdaq was the laggard in the US for the 2nd day in a row… with Shanghai Comp back below 2700…(once again the trend stopped on a dime at the European close)… The Dow managed to close green (thanks to […]
