Author Archive: Jeremy Parkinson
September 2018 Initial Unemployment Claims Rolling Average Continue Best Since December 1969
The market expectations for weekly initial unemployment claims (from Nasdaq/Econoday) were 208 K to 219 K (consensus 210,000), and the Department of Labor reported 204,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 210,000 (reported last […]
Will Annual Wage Gain Support Gold?
201,000. The August job gains is an impressive number, but 2.9 percent is even better. This is the annual jump in wages. How will it affect the gold market? Payrolls Accelerate in August U.S. nonfarm payrolls accelerated in August. The economy added 200,000 jobs last month,following a rise of 147,000 in July (after a downward revision). However, the […]
Consumer Price Index: August Headline At 2.70%
The Bureau of Labor Statistics released the August Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.70%, down from 2.95% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 2.20%, down from the previous month’s 2.35% and above the Fed’s 2% PCE target. Here […]
Jobless Claims Stuck In The Sixties
Like an aging hippie that just can’t get with the times, weekly jobless claims remain at levels not seen since the 1960s. This week’s report came in at 204K versus estimates for a reading of 210K and was the lowest weekly print since December 1969. Pretty soon we’re going to have to adjust the Y-axis […]
Billion Dollar Unicorns: Cloudflare Targets Enterprises
According to a Markets and Markets report, the global Cloud Security Market is expected to grow from $4.09 billion in 2017 to $12.73 billion by 2022 at a CAGR of more than 25%. Billion Dollar Unicorn club member Cloudflare is a leading provider of cloud-based security solutions. Cloudflare’s Offerings San Francisco-based CloudFflare was founded by Harvard students Michelle Zatlyn […]
Draghi Sticks To Script
The ECB did not surprise the market. The plan to halve the asset purchases in Q4 before stopping at the end of the year was reiterated. In the economic assessment, ECB President Draghi sounded a bit more optimistic, and this, coupled with the decline in the US headline and core rates of CPI saw the euro […]
Featured Stocks In September’s Most Attractive/Most Dangerous Model Portfolios
Recap from August’s Picks Our Most Attractive Stocks (-0.3%) underperformed the S&P 500 (+2.5%) last month. The best performing Most Attractive large cap stock gained 8% and the best performing Most Attractive small cap stock was up 20%. Overall, 16 out of the 40 Most Attractive stocks outperformed the S&P 500 in August, and 23 […]
EURUSD: Recovers Higher, Eyes Key Resistance Zone
EUR/USD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. Conversely, […]
Trump Gets Cold Feet On More Tariffs: US Proposes More Talks With China
After numerous pompous threats made on China, Trump may be ready to back down. The Wall Street Journal reports U.S. Proposing New Round of Trade Talks With China. The Trump administration is giving Beijing another chance to try to stave off new tariffs on $200 billion in Chinese exports, asking top officials for a fresh round […]
Facebook, Shame And Profits: The Long Thesis
Facebook is so ridiculously profitable that makes management blush under increased public scrutiny on security and privacy grounds. Hence the self-inflicted punishment: massive investments in safety and security resulting in 15 percentage points margin compression over a number of years. Facebook’s multi-billion dollar commitment to safety may not appease regulators, but will elevate Facebook’s barrier […]
