Author Archive: Jeremy Parkinson
DXY Rebounds On Cooling Trade Tensions, Month-End Rebalancing
The US Dollar (via the DXY Index) is back where it opened the week up on Sunday in New York, having been whipped around by cross-asset flows and general sense of relief transpiring on the newswire. US policy officials have suggested that they’re working with their Chinese counterparts behind the scenes to resolve the trade […]
Huabao International Favors Flavors
The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing a chemicals company. It’s a mid-cap stock, Huabao International Holdings Limited. It’s trading ticker symbol is HUIHY. Huabao International Holdings Ltd researches, […]
America’s Metals, Minerals, And Materials Misery
Today I revisit a subject that was prominent in the American conscious post-global economic crisis and brought to the forefront by the rare earth element and lithium bubbles from 2009 to 2011: The United States of America depends on imported supplies for most of its industrial metals, minerals, and materials demand. I spoke and wrote […]
Another Fed Official Questions The Value Of Yield-Curve Signal
Cleveland Federal Reserve President Loretta Mester on Monday said that the recent flattening of the yield curve isn’t a sign that the US economy is weakening. Her comment follows a similar observation by Fed Chairman Jerome Powell, who suggested last week that low inflation in recent years has reduced the value of monitoring recession risk based on […]
Morning Call: Optimism About Global Trade Boosts Stocks
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.58%) this morning are up +0.55% and European stocks are up +1.53% as global stock markets rally on reduced concerns for a trade war. U.S. Treasury Secretary Mnuchin said he and his Chinese counterpart have been discussing the trade deficit between the two countries and were committed to […]
Caution: Slippery Ramp
Well markets are rocking from London to Hong Kong on Tuesday as the world takes its cues from the blockbuster rally U.S. stocks staged on Monday. Hong Kong shares were up nicely and H-shares followed suit, recouping some of last week’s steep losses: On the mainland, the SHCOMP posted its first gain in five sessions […]
Sensex Ends Higher; SBI & IndusInd Bank Top Gainers
Indian share markets ended higher ended higher as a surprise cut in the government’s borrowing programme for the next fiscal year boosted sentiment, with lenders such as the State Bank of India among top gainers. At the closing bell, the BSE Sensex finished higher by 108 points. While, the NSE Nifty finished up by 54 points. Meanwhile, the S&P BSE Midcap Index ended up […]
Trump’s “Happy” Tweet Sends Global Stocks Soaring As Trade Tensions Ease Further
Just as Trump sent stocks into a tailspin last week with his bellicose trade overtures against China, so the near record (point) rebound in the Dow on Monday is being attributed to a much more diplomatic tone out of the Trump administration, when first Mnuchin, then Peter Navarro played down the threat of a trade […]
Global Equities Follow US Lead, Dollar Steadies
We argued that the talk of trade war was exaggerated. The confrontation, strong demands and a climb down is the Art of the Deal, and is part of the way the Trump Administration negotiates. We see striking parallels between the policymakers and tactics with the Reagan Administration’s attempt to pry open Japanese markets. A combination of voluntary […]
Decelerating Growth In New Home Sales Market
Roughly every three months, we check in on the overall state of the new home market in the U.S. by estimating its market capitalization, where we take the average prices of new homes sold in the U.S. and multiply it by the number of new homes sold each month, then calculating its twelve month average to minimize the effects […]
