Author Archive: Jeremy Parkinson
The DOW Might Lead Markets Lower
Video length: 00:13:24 Today was an active trading day as market swings are allowing traders to have plenty of opportunities each day. In tonight’s video newsletter market update we look at the 2 stocks in the Dow that might take the Dow lower and therefore lead the overall markets lower. Watch the video now to […]
Market Talk – Thursday, March 15
Asian markets were pretty mixed after yesterdays US sell-off complemented by the tech turnaround. With little activity in Asia the focus is turning to next weeks Fed meeting and the outlook for rates and the US Dollar. The strip currently prices in three rate hikes for 2018 and roughly 1.5/2 for 2019. However, one measure […]
EURUSD Slides Back – 1.2200 In View
The euro slid lower in NY session today ending on the lows of the day as it flirted with the 1.2300 level. There was no specific news to drive the currency lower, but the rise in US 10Y along with the fall in GE 10Y yields helped to push the pair lower and the […]
Rail Week Ending March 2018: Growth Remains Mixed
Week 10 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages remain mixed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for […]
Boeing’s Valuation Pop
“Davidson” submits: Boeing is 9%+ of the Dow Index: http://indexarb.com/indexComponentWtsDJ.html First question which should be asked is, “Should BA be price this highly?” Has there been some acceleration of returns different from its history which justifies this? Certainly has been plenty of media attention. Attached is the data from Morningstar and its chart. Also attached is the data […]
Is The US Stock Market Overvalued? Depends On Which Model You Ask
When stock prices reach a new high, investors start asking the question: Are stocks overvalued? To answer this question, investors have developed several alternative equity valuation models. Typically, each of this models compares the stock market’s current price level to a benchmark. Among practitioners, two of the leading equity valuation models are the Shiller CAPE […]
Wal-Mart Stock Tumbles After Whistleblower Accusations
Wal-Mart stock is sinking fast following reports that, according to a new whistle-blower lawsuit, that in its desperate race to catch Amazon in online retailing, Wal-Mart issued misleading e-commerce results and fired an executive who complained the company was breaking the law. Bloomberg reports that Tri Huynh, a former director of business development at Walmart, claims in a lawsuit […]
A Return To King Dollar Policy: Implications
One of the most important macro stories of the last 15 months has been the dramatic decline in the U.S. dollar. This has helped spur international equity indexes that package foreign currency returns on top of the equity investments. Bloomberg Dollar Spot Index When looking at historical factors that drive currency movements, interest rate differentials are important, and the […]
E My Best Advice For Millennials To Get Ahead
I have two Millennial children at the very youngest end of that generation’s age range. So, this is really the advice I am giving to my own children. I hope the rest of you find it useful, I think you should. First Things First There is a lot of shade thrown at you Millennials. Why? […]
A Long-Term Look At Inflation – Thursday, March 15
The Consumer Price Index for Urban Consumers (CPI-U) released Friday puts the year-over-year inflation rate at 2.21%. It is substantially below the 3.76% average since the end of the Second World War and above its 10-year moving average, now at 1.66%. The Bureau of Labor Statistics (BLS) has compiled CPI data since 1913, and numbers […]
