Author Archive: Jeremy Parkinson
The U.S. Debt Problem Can No Longer Be Ignored
Debt and Challenges to the Dollar Are Biggest Risks to U.S. Economy There’s a problem affecting the U.S. and world economies, which everybody likes to ignore. The problem is debt and the effect will be a debt crisis. It’s as much a global crisis as it is a U.S. debt crisis. Successive governments and administrations […]
Trump Strikes Trade Deal With Mexico, Renames NAFTA
As tipped over the weekend and discussed at length here, the U.S. and Mexico have struck a deal on NAFTA, after weeks of negotiations aimed at clearing roadblocks to a bilateral agreement that would set the stage for Canada to return to the table. Trump has been teasing this for the better part of a week […]
USD/CAD Snaps Monthly Range Even As BoC Warns Of ’Transitory Factors’
CANADIAN DOLLAR TALKING POINTS USD/CAD remains under pressure even as the Bank of Canada (BoC) tames expectations for another rate-hike in 2018, and the exchange rate may continue to track the downward trending channel from late-June as it snaps the monthly opening range. USD/CAD SNAPS MONTHLY RANGE EVEN AS BOC WARNS OF ‘TRANSITORY FACTORS’ USD/CAD has […]
3 MFS Mutual Funds For Scintillating Gains
Founded in 1924, MFS had nearly $256 billion in assets under management as of Jun 30, 2018. MFS deals in more than 60 portfolios, which invests in both domestic and global stocks as well as in fixed-income debt securities. The company focuses on providing a wide variety of financial products and services to fulfill the […]
Credit Suisse Says Sell Bloom Energy Following Post-IPO Run
Shares of Bloom Energy (BE) are under pressure this morning after Credit Suisse analyst Michael Weinstein downgraded the stock to Underperform on valuation, stating that the shares trade at a premium only a week after his initiation with little incremental fundamental news to justify the strength. Weinstein had started coverage of the stock last week […]
Semi Sector: A Warning Or A Buy?
We began tracking this negative divergence in NFTRH last year as the leadership of two premier Semi Equipment companies began to decelerate vs. the broad sector. Over time the ugly patterns became even uglier with breakdowns to new lows. This chart shows that ugliness but more importantly it tries to illustrate AMAT & LRCX as leading […]
Turkish Lira Plunges After Week-Long Holiday
After a week of public holidays in Turkey, the Turkish lira tumbled as traders returned with selling on their minds, realizing that nothing of substance has changed in the past 7 days. The currency tumbled over 4.0% against the dollar, sliding as low as 6.2974 before rebounding modestly to 6.23 as the U.S. trading day […]
Euro Lower Despite IFO News
The latest fundamental data from Germany, the largest economy within the Eurozone and the driving force for the overall economy, shows business morale improving finally this year. IFO had reported that August’s readings were improved across the board, with the current assessment coming in at 106.4, above the 105.4 expected, while business climate and expectations […]
Utilities Trendline Broken
My XLU put options (January 2019 $54 strike) are doing well this morning, thanks to the continued breakdown of the Dow Utilities. It’s nothing dramatic, but – it’s progress! It’s not an accident that I chose such a distant expiration date. I have no intention of seriously closing this until such time as XLU is […]
Another Gold Bearish Factor
Last week, we said that the consensus is that gold must go down (as measured in terms of the unstable dollar) and then will rocket higher. We suggested that if everyone expects an outcome in the market, the outcome is likely not to turn out that way. We also said that this time, there is likely less leverage […]
