Author Archive: Jeremy Parkinson
Dovefest: Powell The Hawk Flew Out The Window, Turned Into A Dove
Some thought the Fed would hike half a point today. Instead, faster hikes now appear more likely in 2019. I was laughing yesterday at this Bloomberg projection via the Daily Shot. I am not sure where Bloomberg got that number from as CME Fedwatch had a 95% probability of a quarter-point hike. Forget the outcome, […]
Today’s Biggest Winner: Banks To Get An Extra $5 Billion In Interest From The Fed
Today’s 25bps hike in rates to 1.75% will have little impact on how much interest is paid to the trillions of dollars held in checking and savings accounts across the US (simply because banks continue to drown in over $2 trillion in excess reserves and thus do not really need all those deposits). It will, […]
March 21 FOMC Meeting Statement: Federal Funds Rate Raised As Expected
Econintersect: The Federal Open Market Committee (FOMC) – the board of directors of the Federal Reserve – raised the federal funds rate as expected. …. economic activity has been rising at a moderate rate. Job gains have been strong in recent months, and the unemployment rate has stayed low. …. Analyst Opinion of the FOMC Meeting […]
The Largest Company In Every State By Revenue
Pretty much every state has at least one workhorse company that posts a revenue number in the billions. In a state like California or Texas, these companies tend to be gargantuan in size even from a national or international perspective. Apple ($216 billion) and ExxonMobil ($226 billion) are two prime examples, and they are obviously […]
Five Below (FIVE) Q4 Earnings & Sales Beat, Guides FY18
Five Below, Inc. FIVE delivered better-than-expected top and bottom lines for the fifth and tenth straight quarter, respectively, when it reported fourth-quarter fiscal 2017 results. However, in spite of solid results, shares of this Zacks Rank #3 (Hold) company came under pressure following management’s fiscal 2018 guidance that came below analysts’ expectations. The stock fell more than […]
Bitcoin Chart Has An Amazing Setup But Should Hold At This Point
The Bitcoin chart has an amazing look. So far, Bitcoin has respected its uptrend which may sound surprising to many people who are ‘shocked’ about the recent crash. Fear not, though, because, so far, Bitcoin is still in an uptrend but current price levels should hold, this is why. We know as a fact that […]
The Fed And The Brown Earth Dog
Someone told me recently that the public has no interest in interest rates. Really? Besides scoffing at this person’s low-bar view of the public, I am also publicly disagreeing. Or, let me put it this way-if you represent John and Jane Q. Public and do not think rates are something you should at least have […]
Rising Rates Pressure Markets
Video length: 00:15:25 As expected the Fed raises short terms rates by 25 basis points. This is the first increase under the new FOMC Chairman. Volatility returned and it has become a traders market with lots of opportunities. In this video update we look at lots of trading opportunities that we have taken. Watch the […]
4 High Earnings Yield Stocks To Boost Your Portfolio – Wednesday, March 21
If you are unsure about whether to invest your money in stocks or bonds, one important financial parameter that can show you the right direction is earnings yield. It is the inverse of the price-to-earnings (P/E) ratio and can be used for identifying undervalued stocks. In addition to this, the ratio is also very useful […]
