Author Archive: Jeremy Parkinson
Australian Dollar Pressured, Fed Hawkishness Will Be Decisive
Australian Dollar Fundamental Forecast: Neutral The US Federal Reserve’s monetary policy decision will be central for the Australian Dollar this week, of course Even if US rates rise the US Dollar could wilt if accompanying comment is not more hawkish The Aussie appears to be starting the week under a bit of pressure The Australian Dollar is facing Big […]
Fed’s Interest Rate Outlook, For Wednesday And Beyond
This coming week, the Federal Reserve’s Open Market (Operations) Committee will decide whether or not to impose another interest rate increase. The FOMC has already put four quarter-point hikes in place since late 2015, largely to preemptively keep inflation tame… though it’s not clear they were absolutely necessary (although they didn’t hurt matters either). […]
Peter Navarro’s Trade Math Says The US Lost 55 Million Jobs
Donald Boudreaux, Professor of Economics at George Mason U, calls out Peter Navarro for his impossible trade math. I recently started following Donald Boudreaux at Cafe Hayek and he has been writing some incredible stuff. Here is a letter Boudreaux sent to Peter Navarro, president Trump’s alleged “trade guru”. 15 March 2018 Dr. Peter Navarro White House […]
Canada Energy ETF (ENY) Slips To A New 52-Week Low
Investors should steer clear of Guggenheim Canadian Energy Income ETF (ENY –Free Report) for now. The fund recently hit a new 52-week low. Shares of ENY are down roughly 18.5% from its 52-week high of $8.98/share. But is more pain in store for this ETF? Let’s take a quick look at the fund and the near-term […]
Dow Dumps Into Red For March As Yield Curve Crashes To 11-Year Lows
Stocks went into reverse this week. All major US equity indices were lower this week (despite a late-day, OPEX-week, panic bid ramp). Chinese stocks were also broadly lower on the week. Most of the European majors were higher on the week, except UK’s FTSE. Nasdaq underperformed notably on the day. Futures show the overnight dip when […]
EC Q1 Earnings Season To Show Growth Acceleration
It is too early to start talking about the 2018 Q1 earnings season, as we are almost a month away from the big banks kicking off the latest reporting cycle. That’s when everyone in the market will start paying attention to the Q1 earnings season. Unfortunately for us, we don’t have the luxury to wait […]
Week In Review: Stocks Pull Back On Political Headlines
It has been a very busy time in D.C. In the last few weeks, Trump placed tariffs on steel and aluminium, said he may hit China with tariffs, then replaced his: Chief Economic Advisor, The Secretary Of State, The Head of the CIA, and his National Security Advisor might be next. If that wasn’t enough, the […]
A Busy Week In Washington And The Fiduciary Rule’s Fate
Stocks drifted lower as investors pondered the impacts of tariffs, White House drama, and rising interest rates. Secretary of State Rex Tillerson was fired by President Trump on Tuesday, while Chief of Staff John Kelley told officials that there were no immediate personnel changes planned regarding himself. Meanwhile, a court of appeals ruled that the […]
March Builders’ Confidence On A “Solid Footing”: 5 Picks
Homebuilders’ confidence data for March was solid. Does this imply that builders are shaking off worries associated with rising costs of materials owing to new tariffs on lumber, aluminum and steel as well as apprehensions related to higher mortgage rates? The latest reading surely points at renewed strength in the sector. According to the latest […]
