Author Archive: Jeremy Parkinson
Stocks And Precious Metals Charts – Bubbles Rebounding
Stocks just ripped back higher today, led by the SP 500 futures overnight. During the day market, the gains were led by, wait for it— tech and financial stocks. Mission accomplished. Old bubbles never die. They are just repeatedly resurrected by the banking system and the Fed. Gold and silver put in a nice performance […]
The Gap Between Reality And Hope Has Never Been Wider
US economic growth expectations have slipped dramatically throughout Q1 as weaker-than-expected (real) macro data has spoiled the party (along with rising geopolitical risk). However, surveys of economic hope are hyped up on goldilocks-like hype – to an extent we have never seen before… ever. As BofAML’s latest report shows, based on economic survey data, US economic growth […]
The US Political Saga And The Markets
John Rubino shares his thoughts on the ongoing political saga as trade wars dominate the headlines. We also discuss Fed Chairman Powell’s first live meeting and how the Fed wanting stable markets but Trump continuing to throw them into turmoil. (Audio length 00:17:16)
Market Talk – Monday, March 26
Asia opened weak but the trend change came not long after the opening for many markets. The screens and pages over the weekend were predictably full of the talk of possible US-China trade wars with everyone predicting the worst. News that South Korea may avoid steel tariffs rescued many markets and probably led by the […]
Bouncing Toward The Gap And MA
As you might guess, today (Monday) was pretty much the opposite of last Friday for me. Friday was awesome. Today sucked. But as a swing trader, I’m not going to cover all my positions willy-nilly. As I so often say, the individual stops need to take care of themselves. As such, I’ve retreated from 71 positions down to 61. Of those, 51 remain […]
Cooling Trade Tensions Push Stock Markets Higher
Stock markets were up higher in Monday’s pre-hour trading after a disastrous performance last week. The S&P 500 gained 50 points, or 1.9% to 2,637. The Nasdaq Composite Index climbed to 7,136 after gaining 144 points, or 2.1%. The Dow gained 494 points, or 2% to 23,959. The performance of the three indices last week was […]
Bullish Watch-List For The Bounce And Holiday Week
Ideally, I would have preferred to of opened lower this morning and then rallied hard off the lows. But such was not the case as the market has been rallying since the futures opened up last night. I came into the day 100% cash. My goal was to get long, fast. I did that. But […]
2nd Half Of 2018 Should See An Economic Rebound
GDP Growth Is Probably Weak In Q1 It appears by most accounts Q1 2018 won’t be a great quarter for GDP growth. Keep in mind, the expectations have been high because of the tax cut and subsequent fiscal spending increase. The latest $1.3 trillion budget, which was passed on Friday, has an $80 billion increase in […]
S&P 500 Average Daily Change Ticking Up Towards 1%
In case you haven’t noticed the pick-up in market volatility lately, the chart below does a good job of highlighting it.In the chart, we show the average absolute daily change that the S&P 500 has experienced over the last 50 trading days. As shown, after hitting a multi-decade low of just +/-0.22% in mid-November 2017, […]
