Author Archive: Jeremy Parkinson
Has Bitcoin Bought It?
Punch-drunk from a series of crunching blows, dazed and confused, staggering for the ropes. It’s hard not to get the image of Bitcoin being pummeled by the market, getting the wind knock out of it. But is this picture true? Instead of focusing on what swirls around in the media, a cautious investor would instead […]
Tariffs And Tightening: Here’s What $350 Billion Worth Of AUM Is Thinking
Well, BofAML’s latest FX and rates survey is out and there are some interesting takeaways. The latest iteration was conducted from the 9th through the 14th of this month with 66 fund managers with AUM of nearly $350 billion participating. The topics were “tariffs, transition and tightening.” Perhaps the most amusing bit from the survey […]
February 2018 Residential Building Again Mixed
The headline residential building permits declined and construction completions improved. But we keep our eyes on the rolling averages which were mixed. Analyst Opinion of Residential Building The backward revisions this month were significantly down.The nature of this industry normally has large variations from month to month (mostly due to weather) so the rolling averages […]
Industrial Production Shows Signs Of Life
Industrial production jumped 1.1% in February led by manufacturing. The Fed’s Industrial Production and Capacity Utilization report shows a 1.1 percent gain, well over the Econoday consensus of 0.4 percent. Details Another One-Month Wonder? Surges have typically been one-month wonders. Is this another one?
4 ETFs For A Green Portfolio On St. Patrick’s Day
St. Patrick’s Day is around the corner and most investors are hoping for some luck of the Irish for green returns on this day. This will lead to increase in spending and an upsurge in investments, driving stocks higher. Per the National Retail Federation, Americans are expected to spend a record $5.9 billion on St. Patrick’s […]
Housing Starts, Permits Plunge In February As Rental Units Crash
Amid two months of dismal housing sales data, and after spiking in January, starts and permits just plunged in February, driven by a collapse in multi-family unit data. The 7.0% plunge in housing starts (-2.7% exp) is tied with the biggest drop since March 2017 and the 5.7% tumble in permits (-4.1% exp) is the biggest […]
To Hedge Inflation, Nudge At Neptune
Okay, I get it. Your stockbroker is telling you not to worry about inflation: it’s really low, core inflation hasn’t been above 3% for two decades…and, anyway, the Fed is really trying to push it higher, he says, so if it goes up then that’s good too. Besides, some inflation isn’t necessarily bad for equities since many companies […]
Michigan Consumer Sentiment: March Preliminary Exceeds Expectations
The University of Michigan Preliminary Consumer Sentiment for March came in at 102.0, up 2.3 from the February Final reading of 99.7. Investing.com had forecast 99.3. Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment rose in early March to its highest level since 2004 due to a new all-time record favorable assessment […]
Trump Was Right About The Trade Deficit With Canada
It was widely reported that Donald Trump confronted Canada’s prime minister Justin Trudeau over his country’s trade surplus with the United States. Trump was mocked in these stories, since they claimed the Canada actually has a trade deficit with the United States. When confronted with this alleged fact, Trump boasted about just making up numbers in his […]
