Author Archive: Jeremy Parkinson
COT Report: Speculators Buy The Japanese Yen
Looking at previous week’s Commitments of Traders Report, changes in speculator positioning across major currencies and commodities are fairly limited. The most substantial changes can be seen in the US dollar index, British pound and Japanese yen. Net positions for all three currencies were up last week. While speculator positions in the US dollar index are […]
Death By Higher Rates? Not So Fast
Though many express concern over rising interest rates and their potential impact on the market, Ralph Acampora told Financial Sense Newshour (see Ralph Acampora: Nervous Short-Term But Secular Bull Market Still Intact) that the idea “rising rates are bad for the market” is not all it’s cracked up to be. For example, looking over the past 10 […]
World Markets Update – Monday, August 27
Four of eight indexes on our world watch list have posted gains through Monday, August 27, 2018. The top performer this year is India’s BSE SENSEX with a gain of 14.44%. In second is our own S&P 500 with a gain of 8.35%. In third is France’s CAC 40 with a gain of 3.13%. Coming […]
COT Blue: Blame May 29, Not Trade War
I have to hand it to my colleague Joe Calhoun. In recent months, he’s been able to almost perfectly predict the Trump Administration’s response tactics to all this trade war stuff. Back in July, it was mere comments on the dollar. Not long thereafter, aid to farmers caught up in the China dispute. When that […]
De-FAANGing The World
Last weekend, Ben Carson’s Department of Housing and Urban Development filed suit against Facebook, claiming that its methods of segregating consumers for advertisers constituted redlining, violating Civil Rights legislation. The battle between Big Data and civil rights has thus begun, rather earlier than had been expected. It is just one of the forces that will […]
5 Of The Biggest Marijuana Stock Gainers Today
Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock winners in trading on Monday, August 27th including Aphria Inc. (TSX:APH) (OTC:APHQF) and more… Aphria Inc. (TSX:APH) (OTC:APHQF) Shares of Aphria Inc. rose 8.53% on higher than average trading volume on the OTC markets, closing the day at $11.67 USD per share. Recently, it was rumored that Aphria was going to be […]
Why Banks Have Performed So Badly This Year
I went to the local branch of Wells Fargo Bank (WFC) yesterday, and I was appalled. The bank occupied the most expensive corner in town. It was staffed by a dozen people, all of whom spoke English as a second language. Ask even the simplest question and they had to call a support center and […]
Will The Market Get From Point A To Point B?
This is what New Mexico looked like during the building of its first railroad line. Blasting a path through the mountains to lay track took a huge and costly cooperative effort by hundreds of people. The owners of the rail companies were visionaries, dedicated to moving goods in a much faster and more efficient way […]
Tesla Stock Had A Great Day Today
On any other day, you wouldn’t think a stock being down 1% was such an accomplishment. But following Tesla’s (NASDAQ: TSLA) announcement that they were canceling their go-private plans, down 1% was a very strong performance. What Are Shorts Expecting? Shorts were licking their chops pre-market but again came up empty. One thing I’m personally […]
