Author Archive: Jeremy Parkinson
FANG Stocks & Nike Politics Now Impacting Stock Charts
A discussion on the FANG stocks, on Nike and their decisions to allow their left-leaning politics to influence their businesses.Is their strategy helping them to become more profitable or are they hurting their business? Video Length: 00:25:56
GBPJPY: Eyes Further Weakness. Targets 144.96 Zone
The cross recovered higher on Wednesday opening the door for more strength. On the downside, support comes in at the 143.50 level where a violation will aim at the 143.00 level. A break below here will target the 142.50 level followed by the 142.00 level. Conversely, resistance is seen at the 143.50 level followed by […]
Catalysis For A US Dollar Collapse & Gold Blastoff In Play?
Is it possible that the US Dollar could be creating a multi-year topping pattern, while Gold is creating a multi-year bottoming pattern? I would understand if the majority feels it is almost “impossible,” as the long-term trend for Gold is down and the long-term trend for King Dollar is up. This chart looks at Gold and the US Dollar […]
Contagion Risk Is Now Spreading, And The US Is Not Immune
As we noted yesterday, the global financial system is beginning to experience its first taste of “contagion” risk in years. US stocks remains clueless to this… but it’s doubtful that will continue. China (black line in chart below) has imploded and is in a full-blown bear market. The odds that the US stock market (blue […]
Experience Is The Only Cure
I recently penned an article which discussed the Fed and the risk of a monetary policy error in the future. This isn’t a possibility, it is a probability given that every Fed rate-hiking campaign in the past has led to a financial market-related event, recession, or worse. Of course, when you publish views on a regular basis […]
Weekly Unemployment Claims: Down 10K, Lowest In Over 48 Years
Here is the opening statement from the Department of Labor: In the week ending September 1, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week’s unrevised level of 213,000. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The […]
Shouldering The Burden
After selling the fact that Tropical Storm Gordon did not do any major damage to oil facilities, the market now is seeing a US shoulder season that is still seeing very impressive refinery demand. While the oil market is being held back by worries and fears right now, the economic signals are backing up those […]
Mixed Market, Topping Pattern Or Just Pause Within A Rally?
The U.S. stock market indexes were mixed between -1.2% and +0.1% on Wednesday, as investors hesitated following the recent record-breaking rally.The S&P 500 index has reached the record high of 2,916.50 last week. It currently trades below 2,900 mark. The Dow Jones Industrial Average gained 0.1% and the technology Nasdaq Composite lost 1.2% yesterday. The nearest important […]
Small Cap And Growth Factors Continue To Lead US Stocks In 2018
Year-to-date returns for US equity investing are still dominated by small-cap and growth factors, based on a set of exchange-traded funds (ETFs).By contrast, large-cap-value stocks are currently posting the weakest gain so far in 2018 among the main equity factor buckets. At the front of the factor horse race is a broad small-company fund: iShares […]
Morning Call For Thursday, Sept. 6
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.01%) this morning are down -0.03% and European stocks are down -0.02% at a new 4-month low on concern about escalation of China/U.S. trade tensions if the U.S. goes ahead with its planned tariffs on an additional $200 billion of Chinese goods. Losses were limited on a rebound […]
