Author Archive: Jeremy Parkinson
Apple Suppliers Tumble After Report Tim Cook “Secretly” Developing Own Screen
There is one way to assure that your supply chain is not impacted by the upcoming trade wars: bring all your manufacturing to the host nation and no longer rely on foreign suppliers. That’s precisely what Apple appears to be doing because in a move that may cause a dramatic shake-up among the key vendors […]
Crypto-Crisis Part Two?
In our last cryptocurrencies review I was not very optimistic for most of the currencies under review. Bitcoin was trading above 10k while now is challenging the $7500 level. BTC/USD Bitcoin Bitcoin trend remains bearish as the price is making lower lows and lower highs. The price is still below the long-term resistance trend line. The rejection at […]
Sensex Ends Day In The Red; Realty Stocks Top Losers
After opening the day in green share markets in India witnessed choppy trading activity and ended the day well below the dotted line. Sectoral indices too ended the day in red, with stocks in the realty sector and stocks in the metal sector leading the losses. At the closing bell, the BSE Sensex stood lower by 253 points (down 0.8%) and the NSE […]
A Six Sentiment Backstop
Traditional Markets Also moving this morning is the British Pound Sterling. Several updates are expected regarding a possible Brexit transition deal with the European Union. The European Commission is expected to convene for an urgent Brexit announcement, which will be streamed live at 12:45 in Brussels at this link. The buzz on social media and in the press is […]
US REITs Continued To Rebound Last Week
Real estate investment trusts (REITs) in the US posted a second straight gain last week, topping performances for the major asset classes, based on a set of exchange-traded products. Vanguard Real Estate (VNQ) jumped 1.3% for the five trading days through Mar. 16. Adding in the previous week’s gain translates into VNQ’s best two-week run in […]
Urban Outfitters Is Running In Quicksand
The holiday shopping season was kind to retailers, and I expected stellar results. Revenue from Target (TGT) and Abercrombie & Fitch (ANF) both grew by double-digits. However, Urban Outfitters’s (URBN) was only up 6% Y/Y. This was not much better than the 4% growth reported in the previous quarter. Revenue from both retail and wholesale […]
Why Earnings Matter More Than Volatility
Written by Royce Funds Co-CIO Francis Gannon explains that, while global markets remain volatile, the earnings picture remains both strong and promising. The market continues to send mixed signals—helped most recently by tariff talk that spooked U.S. investors—as increased volatility has been a near-constant presence so far in 2018. This is neither surprising nor unwelcome—at least for active […]
AUDUSD Daily Analysis – Monday, March 19
AUDUSD extended its downside movement from 0.7916 to as low as 0.7698, breaking below 0.7712 support. Further decline could be expected after a minor consolidation and next target would be at 0.7600 area. Near-term resistance is at 0.7745, a break of this level would suggest that consolidation for the downtrend is underway, then the pair […]
Bonds, Inflation & Amigos
I’d like to put the bond segment right here after the US stock segment because bonds/yields are so important to sector selections in stocks. As noted at the site on Thursday I took the bird in hand (profit on combined price and distributions) of the longer-term bonds funds (3-10yr) held in favor of long-held cash […]
Weekly Gold Forecast – Monday, March 19
Gold prices settled at $1313.52 an ounce on Friday, posting a loss of 0.76% on the week, as a stronger dollar reduced demand for the precious metal as an alternative investment. The U.S. dollar has been supported by rising short-term bond yields. All eyes will be on the Federal Reserve policy meeting on Wednesday, for […]
