Author Archive: Jeremy Parkinson
5 Top Stocks To Make The Most Of The Labor Day Weekend
This Labor Day weekend is expected to see busy roads and skies. After all, this will be the final summer holiday trip before parents start preparing for another busy school season. People are willing to take long trips on increased financial confidence, backed by rising income levels and a healthy labor market. This calls for […]
E Canada’s Merchandise Trade Deficit Narrowed Dramatically In June, Though Future Trade Prospects Remain Cloudy
Canada’s merchandise trade deficit narrowed to $626 million in June from a hefty $2.72 billion in May. The main reason for the strong improvement was a huge 4.1% increase in merchandise exports over the previous months. As the table and chart indicate, the improvement shifted Canada’s goods surplus with the U.S. up to 4.1 billion […]
Has The U.S. Economy Reached Its Peak?
On the latest edition of Market Week in Review, Mark Eibel, director, client investment strategies, and Rob Cittadini, director, Americas institutional, discussed recent market performance, the upward revision to the U.S. GDP growth rate for the second quarter and key takeaways from the U.S. Federal Reserve (the Fed)’s Jackson Hole, Wyoming, economic symposium. Trade negotiations, […]
Thinking About That Surge In Growth
Two points from the 2018Q2 2nd release: GDO is smoother, and a breakout has not yet appeared. First, consider real GDP and real GDO (average of GDP and GDI) growth, q/q SAAR. Figure 1: Real GDP growth (blue), and real GDO growth (red), both q/q SAAR, in log terms. Light orange shading denotes Trump administration. Source: […]
Weekly Market Digest: Apple And Amazon Stocks Up This Week
US stocks powered ahead, driven by technology companies. International stocks remained flat as the dollar strengthened and trade talks returned to the headlines. The US and Mexico agreed in principle to a trade agreement to replace NAFTA, but there are significant hurdles to make it law and Canada is still in negotiation. Weekly Returns S&P […]
Financial Crisis 10-Year Anniversary: What Went Wrong And Can It Happen Again?
Ah, memories! Some good, some bad and some terrifying! In this case, 10-years after the global financial markets came close to collapse, the word terrifying would seem to be a good fit. But what went wrong in 2008 and is it possible the same could happen again? To my mind, one word seems to describe the environment […]
USDCHF: Risk Continues To Point Lower, Eyes 1.9600 Region
USDCHF: The With the pair selling off the past week, more weakness is envisaged in the new week. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0.9600 level and then the 0.9550 level. On the upside, resistance resides at the 0.9700 […]
Heat Saves Nat Gas Yet Again This Week
The October natural gas contract settled up around a percent and a half on the day as overnight forecasts added a significant amount of cooling demand, showing heat may sustain into the middle of September. Most natural gas contracts were still down weakly on the week, though this heat and strong cash prices helped the […]
Trump Says Google, Facebook In “Very Antitrust Situation”
Responding to reports that Silicon Valley social media platforms are censoring conservatives, President Trump stepped up his criticism of technology firms – telling Bloomberg in a wide-ranging interview that they may be in a “very antitrust situation,” while repeatedly censoring himself over whether or not the companies should be broken up. “I won’t comment on the breaking up, of whether it’s […]
