Author Archive: Jeremy Parkinson
ECRI Weekly Leading Index Update
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 149.8, down 0.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.36%, up from 3.24% last week. The WLI Growth indicator is now at 5.2, down from the previous week. “Up […]
US Oil Production At Record Highs
Oil prices continue to fall as US production rose to a record high, continuing losses for a fourth straight day as the US Energy Administration announced yesterday that crude inventories in the United States rose by 1.6 million barrels for the week ended March 23, About 0.5 million barrels. US crude rose by 0.22% to […]
Trade Wars Tensions Rise, Oil Falls After Increased Inventories
It has been a continuation of another difficult week across the markets as uncertainty about trade and Trump’s administration continue. The week started at an optimistic note as a report indicated that China and the United States were negotiating a deal that would iron out the key issues. Recently, the Chinese authorities have showed […]
Nvidia Stock Bounces Back After Uber Clarification
StockSnap/Pixabay NVIDIA Corporation (NVDA) stock began to rally in the pre-market trading hours on Thursday after plunging on Tuesday. The chip maker increased its outlook for the data center market on Wednesday, but that wasn’t enough to give its shares a boost. NVIDIA stock plunged on Tuesday after the company said it was pausing the […]
Next Phase For Italian Politics
Important economic data will be reported next week. Japan reports the results of its latest Tankan survey and the household spending (following today’s report of disappointing retail sales).The EMU’s March inflation report and February retail sales are on tap. The US jobs and auto sales for March will be released. It is also the start of […]
The Big Four Economic Indicators: Real Personal Income In February
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]
Barclays Agrees To $2 Billion RMBS Settlement; Shares Jump
Barclays shares jumped Thursday after the DOJ handed the UK bank a major victory in its years-long struggle to settle allegations of malfeasance dating back to the financial crisis. As part of the deal, Barclays has agreed to pay a $2 billion civil penalty to settle allegations of fraudulent conduct relating to Barclays’ securitization, underwriting, […]
Trade Wars, Petro-Yuan, Debts – $32,000 Gold & $500 Silver
Is this it? Is the bull market finished and the good times over? Well, they could very well be. We are looking at a world which is rotten to the core, a world which is built on debt which will never be repaid. And a debt which is artificially supporting $100s of trillions of assets […]
Featured Stocks In March’s Safest Dividend Yields Model Portfolio
15 new stocks make our Safest Dividend Yield Model Portfolio this month. Recap from February’s Picks The Model Portfolio rose 0.1% on a price return basis and rose 0.4% on a total return basis. The S&P 500 rose 0.1% on a price return basis and 0.5% on a total return basis. The best-performing stocks in the portfolio […]
March 2018 Initial Unemployment Claims Rolling Averages Marginally Worsens?
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 220 K to 230 K (consensus 228,000), and the Department of Labor reported 215,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors […]
