Author Archive: Jeremy Parkinson
Sensex Opens Marginally Higher; Pharma Stocks Witness Buying
Asian shares are trading on a negative note today. The Nikkei 225 is down 0.35% while the Shanghai Composite is trading down by 0.93%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 34 points (up 0.1%) while the NSE Nifty is trading flat. The BSE Mid Cap index is trading down by 0.3%, while the BSE Small Cap […]
Tech Changes Margins And Renders Monetary Policy Useless
When investors first look at the CAPE ratio there is an incredible realization that it has a great track record of predicting long-term returns. You can see the 5 year IRR versus the 5-year CAPE in the chart below. Since the S&P 500 10-year CAPE is at 33.35, which is very high, long-term returns are projected […]
Rising Dollar Sends Gold Lower
Gold prices fell $9.66 an ounce on Tuesday as a rally in the U.S. dollar index curbed demand for the yellow metal. Global trade tensions and emerging market concerns were also bearish daily elements for the yellow metal. In economic news, the Institute of Supply Management said its manufacturing index rose to a reading of […]
E Canadian Housing Starts Moderated In July After An Extremely Strong June Level
“Very robust levels of residential construction continue in Canada, with a 27-year high for population growth behind the strength. While Vancouver and Toronto rightfully get much of the attention, many markets have seen construction activity ramp up as a result.” (BMO, Cdn. Building Boom Continues, August 9, 2018) There was a slowdown in housing construction […]
Half A Decade Later, Here We Are Confused Again
These things are processes. They take time, a lot of time. Given that, I keep coming back to what might otherwise seem an absurd idea. The best-case scenario for all of us just might be a global crash, one that would make 2008 blush. At least then it might afford the world the benefit of unambiguousness. We […]
New York Times Forecasts The 2014-16 Energy Sector Collapse
One official says the shale industry may be “set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. This is from the New York Times. However, it wasn’t part of The Next Financial Crisis Lurks Underground, Bethany McLean’s recent article […]
Simple Is The Key To Trading
Today’s piece is about the power of simple, and simple starts and ends with a razor-sharp focus. One of the most important things you need to do to be successful when short term trading for income or long-term trading for wealth is to have proper focus. What I mean is this… As a day trader, […]
Governments Quickly Changing Their Tune On Blockchain
All Over The World, Governments Are Seeing Enormous Potential In Enterprise Blockchain Applications Go back five years or so and you’d be hard-pressed to find any government endorsing blockchain1 technology, and many were (and still look to be) openly hostile to cryptocurrencies. That posture is now shifting—quickly. An hour-long TV special aired in China last week, […]
Average US Rent Hits All Time High Of $1,412; Biggest Increase In 18 Months
With core CPI printing at a frothy 2.4%, and the Fed’s preferred inflation metric, core PCE finally hitting the Fed’s 2.0% bogey for the first time since 2012, inflation watchers are confused why Jerome Powell’s recent Jackson Hole speech was surprisingly dovish even as inflation threatens to ramp higher in a time of protectionism and […]
Slowing Australia GDP To Keep AUD/USD Rate Under Pressure
TRADING THE NEWS: AUSTRALIA GROSS DOMESTIC PRODUCT (GDP) Australia’s Gross Domestic Product (GDP) report may fuel the recent weakness in AUD/USD as the growth rate is expected to slow to 2.8% from 3.1% during the first three months of 2018. Signs of a less-robust economy may encourage the Reserve Bank of Australia (RBA) to keep the official […]
