Author Archive: Jeremy Parkinson
New Residential Housing Starts Down In February
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for February new residential housing starts. The latest reading of 1.236M was below the Investing.com forecast of 1.290M and a decrease from the previous month’s revised 1.329M. Here is the opening of this morning’s monthly report: Housing Starts Privately-owned housing […]
Tech Momentum Shines In Turbulent First Quarter
It’s been a turbulent year for US stocks so far, but technology shares are an exception as this corner of the market roars higher in 2018. These firms have outperformed both the broad market as well as the other major sectors on a year-to-date basis, based on a set of ETF proxies. Technology SPDR (XLK) […]
Is The Economic Summer Coming?
Cycles, cycles everywhere. We’ve already discussed the current state of the U.S. business cycle, arguing that the expansion should last for a while, although it is more advanced than in Europe. However, business cycles aren’t the only creatures living in an economic zoo. They are simply the most popular within the modern macroeconomics. The post-war business cycles […]
TGIF – Closing Out A Weak Week For The Markets
Not just a weak week but a weak 45 days since February. After testing our 30% line on the S&P 500 at 2,860 at the end of January, we plunged down to our 20% line at 2,640 in early Feb and now, 5 weeks later, we have struggled to hold the 25% line, which has now […]
Barclays Lowers Apple Estimates, Price Target After Visiting Asia Suppliers
“The lone trouble spot is smartphones, while most other segments appear to be in good shape,” Barclays analyst Mark Moskowitz tells investors in a research note after visiting a group of Asia supply chain companies. For the smartphone market, suppliers expect limited to no unit growth in 2018, the analyst adds. For Apple (AAPL), iPhones […]
Gold, US Dollar & Kudlow
(Video length 00:12:03) In today’s commentary, we discuss the inappropriate remarks of Economic Adviser Larry Kudlow with his call to “sell gold and buy the US Dollar”. While Larry is a nice guy he is no technical analyst of stocks, commodities or of currencies. Larry should stick with his conservative long-term strategic strengths and avoid […]
EUR/USD: Drop On The Hourly Timeframe Still Incomplete
Previous: On Thursday the 16th of March, trading on the euro closed down. The US dollar yesterday made gains against all the majors. Demand for it increased after the publication of US economic data. The US posted a rise in import prices, a decline in initial jobless claims, and a significantly higher-than-expected value on the Fed’s […]
Dollar Strength Is Hiding In Plain Sight, And One Strategist Says It’s Here To Stay
Overnight, the yen rose against all its G10 peers because Donald Trump has lost his mind completely and is now firing everyone in sight. On Thursday evening, the Washington Post reported that a “very stable genius” called “Dennison” is now planning on ridding himself of national security adviser H.R. McMaster who, according to some accounts, once called Trump an […]
“We Have Moved To Sell The Rebounds”: Dollar Slides, Futures Fade Amid Political Turmoil
After four consecutive days of failed upside breakouts in the S&P, some have noticed a change in sentiment, and as Georg Schuh, CIO of Deutsche Asset Mgmt told Bloomberg, “we have moved our view on stocks from ‘buy the dips’ to ‘sell the rebounds’.” adding that “I’m not ruling out one final peak in stocks, but we’re […]
Exportable
Oil and product prices are putting in what should be a major seasonal bottom as global oil demand surges and the U.S. Petroleum Industry looks to fill the globe’s needs. In fact, the U.S. petroleum industry is doing their part to try to reduce the trade gap by exporting record amounts of oil and products. […]
