Author Archive: Jeremy Parkinson
SPX Reverses From All-Time High
VIX closed above Long-term resistance at 14.25, confirming a probable buy signal in the VIX. The Cycles Model shows a likely surge in strength for the VIX through mid-October. (Bloomberg) Strategists are predicting a pickup in volatility after an usually quiet August, seeing choppy waters ahead for traders who took a summer break. U.S. stock […]
Economic Data And Forecasts For The Weeks Of September 10 And 17
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of September 10 September 10 Consumer Credit – July $14.0B 10.2 14.0 September 11 NFIB Small Business Optimism Index […]
Looking Ahead To Q3 Earnings Season
In looking ahead to the Q3 earnings season here are the key points: Total earnings for the S&P 500 index are expected to be up +18.1% in Q3 from the same period last year on +7.2% higher revenues, the 6th time in the last 7 quarters of double-digit earnings growth. Q3 earnings growth is expected to […]
It’s Make Or Break
Two weeks ago I laid out the potential pathways for the market suggesting that with the markets very oversold a pullback to support was likely. To wit: “While I point out the prevailing risks, and the disconnect between bullish sentiment and hard data, the reality is the bull market remains intact. Over the last several […]
GBP: Positive Momentum Will Continue To Drive Sterling Higher
Fundamental Forecast for GBP: Bullish STERLING (GBP) TALKING POINTS: Sterling making gains against a range of currencies, but the US dollar remains stubbornly strong. Big week of data releases and the latest Bank of England meeting. The DailyFX Q3 GBP Forecast is available to download. We recently turned positive on Sterling and our view has been hardened this week, helped by a […]
