Author Archive: Jeremy Parkinson
Why The Fed Denied The Narrow Bank
It’s not every day that a clear example showing the horrors of central planning comes along—the doublethink, the distortions, and the perverse incentives. It’s not every year that such an example occurs for monetary central planning. One came to the national attention this week. A company called TNB applied for a Master Account with the […]
High Yield Dividend Champion Portfolio September Update
The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. The goal is to capture quality high yield stocks with a history of raising dividends. The screening process for this portfolio originally started with the “Dividend Champions” as compiled by DRIP Investing. Sadly, the curator of the list at DRIP Investing, David Fish, recently […]
Stocks Face Three Potential Outcomes: Pretty Bad, Bad And Horrific
Something has changed in the market. The momentum-driven rally that pushed stocks to new all-time highs completely floundered a few weeks ago. What should have been a monster breakout on massive buying power ended up being a feeble push to new highs before stocks promptly rolled over. More and more, that is looking like a false breakout. This opens […]
Pound Surges After Barnier Says Brexit Deal “Realistic” In 6-8 Weeks
The British pound surged, the euro hit session highs and the dollar slumped following a comment from the EU’s chief Brexit negotiator Michel Barnier, speaking at conference in Bled, Slovenia, who said it’s “realistic” and “possible” to get a Brexit deal within eight weeks. Quoted by Bloomberg, Barnier, who was speaking at a conference in Bled, […]
The Myth Of Gold-Stock Leverage
A few years ago I wrote a couple of pieces explaining why gold mining is a crappy business. The main reason is the malinvestment that periodically afflicts the industry due to the boom-bust cycle caused by monetary inflation. To recap, when the financial/banking system appears to be in trouble and/or economic confidence is on the decline, the […]
What Are Technicals Saying About Currency Markets?
While factor investing in equities appears to be gaining traction, investors ignoring momentum in the foreign exchange (FX) market may be exposing themselves to undue risk. Below, we examine the trends in technicals for the U.S. dollar, euro, Japanese yen and British pound to find clues for where FX markets could head next. Methodology Through our research on currency markets, we identified three […]
The Money Game & The Human Brain
Jason Zweig, a neuroscience and Benjamin Graham expert, re-published an article last year entitled: “Ben Graham, The Human Brain, And The Bubble.” The entire article is a worthy read but there were a few points in particular he made that are just as relevant today as they were when he wrote the original essay in 2003. “At the […]
10 Year Yields Eye A Breakout
Friday’s strong wage numbers catalyzed a significant uptick in yields with 10s rising 6.8 bps to the highest yield since August 8th. One day does not a trend make, but we’ve seen a pretty persistent uptick in yields over the last few weeks. That uptick has been off support that dates back to February. Overhead, there’s […]
Pound Up On Upbeat GDP
The Pound Sterling moved higher against the US Dollar after recording the largest weekly fall during the month of September. Analysts say that concerns over a possible hard Brexit are limiting any additional gains. The Prime Minister’s latest proposals aren’t as well received as she would like with some 80% of her own Conservative party […]
E As Good As It Gets
Overnight markets were mixed. The Trump tweet about Apple needing to make iPhones in the US hit Asia but Europe shrugs is off. The weather effect on statistics starts the day with Japan EcoWatchers bouncing in part because of such. One has to wonder if the same shows up in the China CPI and PPI. […]
