Author Archive: Jeremy Parkinson
Retail Sales Per Capita Tells The Real Story…
Headlines skew reality because the media’s goal is to generate attention, not get the specifics of stories correct. This isn’t to say all or even most journalism is bad; it’s simply that journalists don’t think like investors and headlines aren’t always accurate. It’s easy to misinterpret trends if you read poor articles and then follow […]
Endo Rises After FDA Proposes Restricting Compounding Of Vasopressin
Shares of Endo International (ENDP) are on the rise after the U.S. Food and Drug Administration proposed restricting the ability of companies that produce compounded medications in bulk from using three substances that are active ingredients in FDA-approved drugs. One of the three substances include vasopressin, the active ingredient in Endo International’s blood pressure drug […]
Fed Speakers Dial Back Hawkishness
The Fed is currently engaged in an internal discussion about what to do once interest rates reach “neutral”; that is, the rate at which the economy is neither accelerated nor braked by the overnight interest rate. Where that “neutral” rate lies is part of the debate, but the market has basically priced an end to […]
Stocks Just Wanna Go Up; Trader Suggests “Avoid Discussing Why, How Far, Or Whether It’s Right”
It’s quickly coming to the end of summer, the U.K. is shuttered for a bank holiday and volumes are reportedly pitiful. It would be difficult to take anyone to task for writing today off as just another day to get through. And then we’ll see where things adjust. It doesn’t bolster the ‘get in there and trade up […]
Understanding The CFNAI Components – Mon., August 27
The Chicago Fed’s National Activity Index, which we reported on yesterday morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that […]
Wave Of Solid Q2 Results Boosts Retail ETFs
Retail has been the hottest sector lately. The overall strength of the sector can be attributed to strong corporate earnings coupled with higher consumer spending and a booming economy. Total earnings from 85.1% of the sector’s total market capitalization reported so far are up 34.9%% on 9.7% higher revenues, with 91.7% of the companies beating […]
Comments On Gold And Silver – Long-Term Chart Considerations
(Audio length 00:11:41) Richard Postma is back and we are looking at the monthly charts today. We address the downtrend in gold and silver and what it means for the timing of a breakout.
USD/CAD Price Outlook: Loonie Threatens Breakout On Easing Trade Tensions
The Canadian Dollar has continued to trade within the confines of the initial August opening range with news that a working US-Mexico trade deal has been negotiated sending USD/CAD to the monthly lows today in New York trade. Here are the updated targets and invalidation levels that matter on the USD/CAD charts this week. USD/CAD DAILY PRICE CHART […]
Trump Announces Deal With Mexico, “We’ll See” About Canada
“Big deal looking good,” says Trump as he drops the name NAFTA due to “bad connotations”. A big deal looking good with Mexico! — Donald J. Trump (@realDonaldTrump) August 27, 2018 The Wall Street Journal reports Trump Hails U.S.-Mexico Trade Pact, Says ‘We’ll See’ With Canada President Trump said he had reached an agreement with Mexico […]
USD/CAD Testing 1.2950 Support After US-Mexico Trade Agreement
With UK traders out on holiday and markets generally slow as traders try to soak up the last of the summer sun, today’s trade has been all about…well, trade. This morning, representatives from the United States and Mexico announced that they had reached a new bilateral trade agreement to replace NAFTA. At a high level, […]
