Author Archive: Jeremy Parkinson
Stocks Rally As U.S. & Mexico Form A Preliminary Trade Agreement
Monday was an amazing day for equities as the S&P 500 increased 0.77% and the Nasdaq increased 0.91%. The Russell 2000 was only up 0.16% because the catalyst for the ‘risk on’ trade was the trade deal between America and Mexico. Large caps are helped by trade more than small caps. The timing of the […]
Silver Price Forecast 2018 – 2019: These Indicators Are Predicting New All-time High Silver Prices
The Dow/Gold ratio is a very reliable measure for where we are on the long-term economic timetable. It allows for an accurate reading of key economic conditions that are present at a particular period of time. With regards to silver, the period after a Dow/Gold peak is generally great for silver prices. After every major […]
Phibro Animal (PAHC) Q4 Earnings Beat, Sales Improve Y/Y
Phibro Animal Health Corporation PAHC reported adjusted earnings per share (EPS) of 46 cents in the fourth quarter of fiscal 2018, up 17.9% year over year. Adjusted EPS surpassed the Zacks Consensus Estimate of 44 cents. According to the company, the year-over-year improvement was primarily driven by higher gross profit, reduced interest expenses as well as a […]
Trade Deficit Widens 6.3% To $72.2 Billion, Worse Than Expected
Economists expected the trade deficit to widen, but the report was outside the range of any estimate. The Advance Economic Trade Report (Goods Only), shows The international trade deficit was $72.2 billion in July, up $4.3 billion from $67.9 billion in June. Exports of goods for July were $140.0 billion, $2.5 billion less than June exports. […]
Softening U.S. Consumer Confidence To Fuel EUR/USD Rate Recovery
TRADING THE NEWS: U.S. CONSUMER CONFIDENCE A downtick in the U.S. Consumer Confidence survey may fuel the recent weakness in the dollar as it casts doubts for four Fed rate-hikes in 2018. Recent markets from Chairman Jerome Powell suggest the Federal Open Market Committee (FOMC) will continue to normalize monetary policy as ‘further gradual increases in the target range […]
Home Prices Continue To Rise In June
With today’s release of the June S&P/Case-Shiller Home Price Index, we learned that seasonally adjusted home prices for the benchmark 20-city index were up 0.12% month over month. The seasonally adjusted national index year-over-year change has hovered between 4.2% and 6.7% for the last two-plus years. Today’s S&P/Case-Shiller National Home Price Index (nominal) reached another […]
The Tax Drag On MLP Funds
MLP-dedicated funds are structured as corporations, which means they pay corporate taxes. They’re unique in this regard; few ETF or mutual fund investors stop to check on this. Watch this video to learn more about the impact of these taxes on fund returns. Running length 00:01:48
DASH Gains Despite Funding Issues And Venezuelan Connections
While the news has been kinda dark on their outlook for Dash coin, the crypto saw major gains on Monday. It rose 23% by the end of the trading day, showing the second largest amount of gains in 24 hours in top 100 cryptocurrencies by market cap. Right after Dash, it was IOTA showing 21% […]
Consumer Confidence Highest Since October 2000
The latest Conference Board Consumer Confidence Index: The headline number of 133.4 was an increase from the final reading of 127.9 for July, an upward revision from 127.4 and its highest since October 2000. Today’s number was above the Investing.com consensus of 126.7. “Consumer confidence increased to its highest level since October 2000 (Index, 135.8), following a modest […]
At The Current Pace, The 2-10 Will Invert In December
Holding to the Old Faith Figure 1: Ten year-3 month Treasury yield spread (bold dark blue), and ten year-two year Treasury yield spread (bold dark red), and projections at current pace using 2017M01-18M08 sample (light blue and pink lines), in percentage points. August 2018 observation through August 27th. NBER defined recession dates shaded gray. Light orange […]
