Author Archive: Jeremy Parkinson
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 […]
Oil Market Contradictions
Oil prices soared and broke on concerns of tropical storms and a major hurricane, but sold off after a downgrade of Hurricane Florence. Still, the market must come to grips with more tropical storms as well as contradictions when it comes to supply and demand. We have a storm that may cause more demand destruction […]
Rail Week Ending Saturday, September 8: Economic Intuitive Portions Strong
Week 36 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. Analyst Opinion of the Rail Data This was again a very strong week for rail. We review this data set to understand the economy. If coal and grain are removed […]
