Author Archive: Jeremy Parkinson
E Market Briefing For Thursday, March 29
I’ve got no idea why pundits continued to describe the week’s more dramatic oscillations, and Wednesday’s comparatively milder choppiness, as just an impossible to comprehend forest of uncertainty. It’s not. The behavior all week is quite clear; and beyond simply an effort to ‘hold the line’ around (slightly above or below) June S&P 2600 levels. […]
Litecoin Price Action After Bitrefill, LitePay Announcements
Litecoin, the 4th largest cryptocurrency by market cap, continued to drop on Wednesday in the aftermath of LitePay shut down. LitePay, a payments based service, ceased its LiteCoin operation on Monday, March 26th, and the Litecoin Foundation issued an apology statement about it to the LTC community. The organization took responsibility for the incident, saying […]
The GOP’s Fiscal Surrender: Why A “Yield Shock” Is Baked Into The Cake
The US Treasury is fixing to sell the staggering sum of $294 billion in bills, notes and bonds this week, and it’s a holiday-shortened week at that. So you’d think the bond market would be choking at least a tad on this tsunami of paper, but in fact yields on the 10-year UST have slid 20 basis points recently and are […]
A Look At The Rise In LIBOR And The Copper:Silver Ratio
Kevin Vecmanus, Founder of Vanaurum, shares some comments on the steady almost straight up rise in LIBOR. LIBOR has started to rise at the tail end of 2015 right when the metals sector started to get a buy. We also look at the copper:silver ratio that seems to be turning down from the higher part […]
Bitcoin Price Headed For A Death Cross: Here’s Why It’s Not All Bad
The Bitcoin price continues to fall and could eventually test its last low around $7,240, which would likely confirm the appearance of the bearish chart pattern known as the death cross. So why is bitcoin refusing to rebound? Experts are quick to offer suggestions, including everything from Twitter’s recent crackdown on cryptocurrency ads to continuing jitters […]
Significance Of The US-Korea Agreement
The US and South Korea struck an important agreement this week. Many are recognizing it as the first success of President Trump’s trade strategy and a turning point in general. It is being offered as an innovative and visionary development. We are less sanguine. Far from new, we see the US trade thrust as a […]
Thursday’s Stock Picks: Netflix, Splunk, Paypal
Take a look at three trading ideas to prep you for the next trading session. Long Netflix (NFLX) Long Splunk (SPLK) Short PayPal (PYPL)
Weekly Heating Oil Prices – Wednesday, March 28
We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.10, up a nickel from last week and up 43 […]
