Author Archive: Jeremy Parkinson
COT Blue: Blame May 29, Not Trade War
I have to hand it to my colleague Joe Calhoun. In recent months, he’s been able to almost perfectly predict the Trump Administration’s response tactics to all this trade war stuff. Back in July, it was mere comments on the dollar. Not long thereafter, aid to farmers caught up in the China dispute. When that […]
De-FAANGing The World
Last weekend, Ben Carson’s Department of Housing and Urban Development filed suit against Facebook, claiming that its methods of segregating consumers for advertisers constituted redlining, violating Civil Rights legislation. The battle between Big Data and civil rights has thus begun, rather earlier than had been expected. It is just one of the forces that will […]
5 Of The Biggest Marijuana Stock Gainers Today
Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock winners in trading on Monday, August 27th including Aphria Inc. (TSX:APH) (OTC:APHQF) and more… Aphria Inc. (TSX:APH) (OTC:APHQF) Shares of Aphria Inc. rose 8.53% on higher than average trading volume on the OTC markets, closing the day at $11.67 USD per share. Recently, it was rumored that Aphria was going to be […]
Why Banks Have Performed So Badly This Year
I went to the local branch of Wells Fargo Bank (WFC) yesterday, and I was appalled. The bank occupied the most expensive corner in town. It was staffed by a dozen people, all of whom spoke English as a second language. Ask even the simplest question and they had to call a support center and […]
Will The Market Get From Point A To Point B?
This is what New Mexico looked like during the building of its first railroad line. Blasting a path through the mountains to lay track took a huge and costly cooperative effort by hundreds of people. The owners of the rail companies were visionaries, dedicated to moving goods in a much faster and more efficient way […]
Tesla Stock Had A Great Day Today
On any other day, you wouldn’t think a stock being down 1% was such an accomplishment. But following Tesla’s (NASDAQ: TSLA) announcement that they were canceling their go-private plans, down 1% was a very strong performance. What Are Shorts Expecting? Shorts were licking their chops pre-market but again came up empty. One thing I’m personally […]
U.S. Calendar: The Week Ahead – Monday, August 27
(Video length 00:03:04) Interactive Brokers senior market analyst Steven Levine provides some highlights for what to look for in the week beginning August 27.
Balances Keep Hitting Natural Gas
The September natural gas contract fell almost a percent and a half again today as balances continued to loosen over the weekend and forecasts cooled slightly. The entire strip got hit today, with lingering cash strength on short-term heat actually propping up the September contract slightly. The result was a tick higher in the U/V […]
Market Talk – Monday, August 27, 2018
The PBOC change in technical methodology for pricing Yuan was the reason for the stock rally in Asia this morning and also responding to Powell’s comments. It could be political, but the move does look to be underpinning the Yuan, for the moment, as we head towards the next round of Trade Talks. Slowing the […]
Weekly Gasoline Price Update: WTIC Up 5.3%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up a penny and unchanged, respectively, from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.73 and San Francisco, CA is the most expensive city, averaging […]
