Author Archive: Jeremy Parkinson
E EUR/USD Short In Progress
The USD recovery is seen across the board today as investors are preparing for the Fed meeting next week. It is widely expected that the Fed will deliver another 25bp rate hike, lifting the target range for the federal funds rate to 1.50% to 1.75%. The main focus will be on the updated Summary of […]
GBP/USD Headed To 1.38?
It should also be a busy week for sterling with a Bank of England monetary policy announcement, retail sales, consumer prices and labor market reports scheduled for release. After numerous tests, GBP/USD rejected 1.40 and appears on its way back down to 1.3800. Whether this key level is broken or not will be determined by […]
Snap Inc: Rihanna’s Yesterday Post Sinks Snapchat Shares
Shares of Snap, Inc. (SNAP) tumbled yesterday after Rihanna protested an ad that made light of an assault that her ex-boyfriend Chris Brown made on her. The singer urged fans to get rid of the app because of an ad that was created by a third-party online game known as “Would You Rather”. The advert […]
QE Singularity: No Japanese 10-Yr Bonds Trade
No Japanese 10-year bonds traded on Tuesday. The BoJ is in perfect control. This should be nirvana. Why Isn’t it? Japan has reached a state of QE singularity: Not a Single Japanese 10-Year Bond Traded Tuesday. No buys. No sells. Barclays Securities Japan rates strategist Naoya Oshikubo, summed it up, with perhaps an understatement: “the JGB […]
Overstock: Over And Out
I’ve made no secret of my enthusiasm for Overstock as a short, such as my posts from January 26th, March 1st, and March 14th. The stock has lost nearly HALF ITS VALUE since my first suggestion (see tint on chart below), and I believe it will be in the teens before the tumble is complete.
EU Inflation Eases On Cheaper Foods
Today, we received inflation data from the European Union. The data showed that inflation grew less than what analysts were expecting. The data from Eurostat showed that inflation grew by 1.1%. This was down from the analysts’ forecast of 1.3%. A year ago, this inflation data was at 2.0%. The Year on Year core inflation […]
US Industrial Production Growth Surges To 7 Year Highs
Following a disappointing tumble in January, US Industrial Production spiked 1.1% MoM in February (well above all analyst expectations). This is the 2nd biggest MoM spike in production in 8 years. Despite declining global economic data and weakness across US-specific data, Industrial production jumped 1.1% in February – the second biggest monthly surge since May 2010… […]
S&P 500 Marked Its First Four Day Losing Streak In 2018
My Swing Trading Approach The market has yet to provide any favorable trading conditions this week. Staying light and patient here, is the name of the game, and what I plan on doing today until the market gives us something more definitive. Indicators VIX – Despite SPX trading lower for a fourth straight day, VIX managed […]
First-Quarter 2018 Munis: Challenging
The first quarter of 2018 was a wobbly one for municipal bonds. Supply, as we know, was taken from this quarter and moved up to December of 2017 in order to beat the tax bill. Most of this “moved up” issuance was in the form of advance refunding issues (which were not allowed under the […]
Billion Dollar Unicorns: What Is Coupa’s Next Acquisition?
It has been over a year since the San Mateo-based spend management firm Coupa (Nasdaq: COUP) went public. The stock has done well so far, and was recently trading at life high levels. The recently reported results have helped drive the stock upwards, as this was the first time that it reported a positive adjusted […]
