Author Archive: Jeremy Parkinson
Banks, Brokers Spike Higher After Fed Hikes Rates
Shares of U.S. banks and brokerage firms are rallying after The Federal Reserve hiked its benchmark interest rate by a quarter-point to a range of 1.5%-1.75%. The financial sector’s profitability increases with higher interest rates. Retail banks, commercial banks, investment banks, insurance companies, and brokerages have large cash holdings due to customer balances. Interest rate […]
Can Energy ETFs Rebound On Middle East Tension?
Oil price is recoiling this month after ending a five-month streak of gains in February. This is especially true, as some positive sentiments have again started to build up in the oil market, which were under pressure from growing U.S. crude production. In fact, oil price climbed more than 2% in the last trading session […]
Fed Hikes Quarter Point, Raises Economic Forecast
As expected, the Fed hiked a quarter of a point. Growth projections are up from December. The Fed anticipates three rate hikes this year. Here is a summary of Economic Projections. The FOMC Statement was pure boilerplate. Nonetheless, mainstream media pored over every word as if it matters. Here is some nonsense courtesy of Bloomberg. In another change to […]
E Solar Energy Stock Rally Following CSIQ Results
The shares of solar stocks have been on fire this week after Canadian Solar (CSIQ) reported higher than expected profits and provided guidance that beat expectations on Monday. Despite its name, Canadian Solar owns and operates multiple factories in China. The solar panel maker’s earnings per share came in at $1.01, versus the consensus outlook […]
Banks, Bullion, & Bond Yields Jump As Hawkish Fed Sends Dollar Lower
Baffle ’em with bullshit is working… The Fed hawkishly raised its rate-hike trajectory, raised GDP growth expectations, left the inflation outlook alone, but talked down the economic outlook in its statement – Powell has some ‘splaining to do. The Dollar index is lower (hawkish Fed statement) and bond yields only marginally higher… Banks are surging along with […]
E FANGs’ Role In The Bull Run Is Overstated
It is no secret that the strength of the hottest tech stocks really carried the market’s water over the last year or so. The so-called FANG stocks, in any of a number of iterations, outpaced the major indices and by some measures now account for a whopping 46% of the market value of the Nasdaq-100 […]
FOMC Watch: One And Not Done
As expected, the Federal Reserve (Fed) delivered its first rate increase of the year, raising the Fed Funds target a quarter point to its new range of 1.50% to 1.75%. Unlike last year’s March rate hike, this latest tightening move by the Fed was widely anticipated, and the policy makers did not have to do any “quick guidance” moves as was the […]
Existing-Home Sales Bounce Back In February
This morning’s release of the February Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.54 million units. The Investing.com consensus was for 5.41 million. The latest number represents a 3.0% increase from the previous month and a 1.1% increase year-over-year. Here is an excerpt from today’s report from the National Association […]
One Bank Says A Dovish Fed Is Going To ‘Place A Floor Under The Stock Market’
Well then, Wells Fargo’s Chris Harvey is going to go ahead and make a pretty bold call ahead of the Fed, although I’m not entirely sure he meant for it to be as bold as it comes across. Obviously, the consensus is that this hike is going to have a hawkish spin on it and […]
5 Growth Investing Options In Industrial Products Sector
The U.S. economy has performed significantly well in the past five years, with its major stock indexes, including the S&P 500 and Dow Jones Industrial surging 91.6% and 93.8% respectively. Its Gross Domestic Product (GDP) expanded roughly 9.5% in these years, with a year-over-year expansion of 2.3% recorded for 2017. The future expansion projections issued […]
