Author Archive: Jeremy Parkinson
Regression To Trend: Another Look At Long-Term Market Performance – Wednesday, Sept. 5
Quick take: At the end of August the inflation-adjusted S&P 500 index price was 121% above its long-term trend, up from 116% the previous month. About the only certainty in the stock market is that, over the long haul, over performance turns into underperformance and vice versa. Is there a pattern to this movement? Let’s apply […]
Amazon Hits A $1 Trillion Market Cap
Amazon Hits A $1 Trillion Market Cap Amazon – Even though stocks fell, Amazon became the 2nd firm to reach a $1 trillion market cap as its stock was up 1.33%. This stock has been on a one way trip up as it is up 10.38% in the past month. If Apple sells off after its […]
Chart: Tis The Season For A Higher VIX
Studying historical averages can produce useful and interesting insights into the market. Looking at the historical average level of the VIX we can see that the CBOE Volatility Index tends to be higher around this time of the year. We showed elsewhere that this tendency is also mirrored in US high yield credit spreads (which makes sense as […]
Big Tech’s Three Identical Strangers
The U.S. government must determine how to deal with the negative consequences of some of the last decade’s most successful internet-based businesses. Alphabet, Facebook and Amazon grew up as strangers and have developed monopolies in search, social media and in e-commerce. The stock market has been very excited about the control over people they have […]
Coupa Shares Soar Higher On Earnings Beat
Coupa Software Incorporated (Nasdaq: COUP) On Tuesday, September 4th, 2018, Coupa software Incorporated reported their fiscal second-quarter earnings after the market closed for trading. And has been the case with some of its peer stocks, Coupa Software’s earnings not only surprised but beat all analyst’s expectations. The group is hot and their earnings show it. The […]
More Dominos
You get the impression often that these guys have no idea what drives the dollar. They cling to all sorts of theories, of course, from interest rate differentials to perceptions of economic strength. That seemed to be the case in 2017 and its “weak dollar” environment. Globally synchronized growth would mean potency pretty much everywhere, […]
Trade Deficit Jumps 9.5% To 5-Month High: Exports Down, Imports Up
Trump is sure to be howling of the latest trade report. The deficit widened 9.5% to a 5-month high. China led the way. The Census Bureau’s International Trade Report shows the goods and services deficit was $50.1 billion in July, up $4.3 billion from $45.7 billion in June, revised. Exports, Imports, Balance July exports were $211.1 billion, […]
July 2018 Trade Exports Decline
Trade data headlines show the trade balance worsened from last month – and export rate of growth declined. Analyst Opinion of Trade Data The data in this series wobbles and the 3 month rolling averages are the best way to look at this series. The 3 month averages are declining for exports and improving for […]
The Q Ratio And Market Valuation: August Update – Wednesday, Sept. 5
Note: This update includes the August close data. The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin. It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all […]
3 Top Dimensional Mutual Funds To Add To Your Portfolio
Founded in 1981, Dimensional Fund Advisor offers investment solutions from different asset classes to institutional and individual investors, investment consultants and financial advisors. It boasts more than 1,200 investment professionals across 13 offices in nine different countries from North America, Asia, and Europe. Dimensional had nearly $582 billion of assets under management as of Jun […]
