Author Archive: Jeremy Parkinson
Nasdaq Surges To Best August Since 2000, Bonds Bid As EM Collapses
The US stock market seems distracted from bonds, FX, the yield curve, macro data, and geopolitics… so here is a distraction for the distraction watchers… It seems August was “buy all the things” month as bonds and stocks both rallied notably… and once again it was all about China… Especially buy US stocks – […]
Market Talk – Friday, August 31
Rumors that US President Donald Trump favors additional tariffs on China, has hit Asian stocks again, as we enter the long weekend liquidation. Weakness seems to be growing for emerging markets across the globe and that is having a knock-on effect on core markets. The Yen has blipped again, into a 110 handle, as the […]
Consumers See A Rosy Future, Driven By Income Gains
As we noted earlier, University of Michigan Consumer Confidence beat expectations but fell sequentially, further retreating from the highs set back in March. While the underlying index has drawn down a bit, some underlying details were extremely strong. As shown in the chart below, a rising share of consumers report buying conditions are good because they […]
Wrapping Up The Monthly Closes – US Markets And Metals
(Audio length 00:13:06) Chris Temple joins me to wrap up the markets for this week and more importantly the monthly close. We discuss the US markets at all-time highs and the metals sector closing at some key lower technical levels. We also look at the trade situation with Canada not able to reach a deal […]
Amazon Inches Closer To $1 Trillion Market Cap: ETFs In Focus
Online e-commerce behemoth Amazon (AMZN – Free Report) is heading toward $1-trillion market cap as its shares topped $2,000 for the first time. Shares of AMZN closed at $2,002.38 on Aug 29 and are just some dollars away from reaching 13-digit market capitalization. At $2,053 per share, Amazon will become the second U.S. trillion-dollar company after Apple […]
USD/JPY Initiates Bearish Sequence Amid Failed Run At August-High
Fundamental Forecast for Japanese Yen: Bullish JAPANESE YEN TALKING POINTS The recent rebound in USD/JPY unravels following the failed attempt to test the monthly-high (112.15), but fresh data prints coming out of the U.S. economy may prop up the exchange rate as Non-Farm Payrolls (NFP) are projected to increase another 191K in August. Signs of a more robust […]
Brazilian Real Soars On Speculation Lula Will Be Barred From Running For President
After tumbling just shy of all time lows on Thursday, dropping as low as 4.21 against the dollar, the Brazilian real and local assets have surged on hopes jailed leftist presidential candidate Lula, who is the undisputed leader in the polls ahead of Brazil’s presidential election, will be barred by Brazil’s highest electoral court from attempting a comeback […]
U Mich Beats Expectations, But Still Declines
Earlier today University of Michigan consumer confidence beat expectations, rising to 96.2 from 95.3 in the preliminary reading. Even with the uptick, the overall gauge is down from 101.4 in March, driven by declines in both current conditions and expectations. One reason to look past that relatively unimpressive showing was a much stronger number from […]
E Stock Analysis: Campbell Soup
(Video length 00:09:15) Campbell Soup (CPB) has been in the news all week. We will show you two reasons not to buy this stock.
Bonds Rise As Coca-Cola Consumes Costa Coffee For US$5.1bn
By Steven Levine Soft drink icon Coca-Cola (KO) has agreed to purchase British multinational coffeehouse Costa for £3.9bn (US$5.1bn) to capitalize on growing its hot beverage category in overseas markets. Through the deal, KO will acquire the international coffee platform from UK-based multinational Whitbread (WTB), including nearly 4,000 retail outlets that extend across parts of Europe, […]
