Author Archive: Jeremy Parkinson
Market Talk – Wednesday, August 29
Similar to yesterdays session, many had expected a stronger Asian opening than we saw, following fresh historic highs, but sentiment failed to follow through. Even though core indices opened stronger, through the day they tended to decline through the lack of volume and commitment. The Hang Seng did perform better than Shanghai but by the […]
S&P 500 Hits 2,900: Best Performing Stocks YTD
Thanks to easing trade tensions and the U.S.-Mexico deal, the country’s stock market continues to enjoy the longest bull run since World War II. Notably, the S&P 500 hit 2,900 for the first time in history and closed at record highs for the third consecutive session. The index is up 8.4% so far this year. […]
When Will S&P 500 Valuations Matter Again?
In the private markets, buyers and sellers care a great deal about valuation. For example, a financial advisory practice might fetch between 1 percent and 2 percent of assets under management. Or it might go for 2.3 times trailing 12 months’ gross revenues. Higher or lower valuations depend largely on things like key personnel, average […]
7 Charts On Quantitative Tightening
As the Fed is steadily progressing through its balance sheet normalization plan, it’s worth checking in on a few charts that highlight the path to normalcy, and some of the potential stumbling blocks along the way. This article provides an update and follows on from a previous post “5 Charts on Quantitative Tightening”. The beginning […]
Guided By Stars? Really?
If there were any lingering doubts the Federal Reserve intends to boost its benchmark interest rate by another quarter point next month, Chair Jerome Powell settled them last Friday. Powell, during his speech at the annual gathering in Jackson Hole, Wyoming, hosted by the Federal Reserve Bank of Kansas City, established a clear case that our economy is ready […]
New York Home Prices Lag — Updated Case Shiller Numbers
The June S&P/Case-Shiller home price readings came out yesterday, and below we provide our updated summary charts and tables of the data. Nineteen of twenty cities saw month-over-month gains in home prices, with New York seeing the only decline at -0.07%. Las Vegas was up the most MoM at +1.39%, followed by Detroit and Minneapolis. Year-over-year, Las […]
Stocks And Precious Metals Charts – Living The Dream – Same As It Ever Was
“The sense of responsibility in the financial community for the community as a whole is not small.It is nearly nil.Perhaps this is inherent.In a community where the primary concern is making money, one of the necessary rules is to live and let live.To speak out against madness may be to ruin those who have succumbed […]
