Author Archive: Jeremy Parkinson
Derivatives – A Recipe For Disaster & Systemic Collapse
Gambling is according to Wikipedia the wagering of money (or something of value) on an event with an uncertain outcome. Three elements are required for gambling. Consideration, chance, and prize. Thus, you make a bet and if you are lucky you win a prize but you can also lose it all. Gambling has been around […]
Two Strong-Buy Renewable Energy Stocks To Consider Now
With the harmful effects of pollution and the advent of global climate change finally reaching everyday conversations throughout society, investors are finally starting to see the traditional energy sector respond. Serious money is being poured into clean-energy research, and even oil behemoths like BP (BP – Free Report) and Exxon Mobil (XOM – Free Report) have taken up the […]
Philly Fed Manufacturing Index: Continued Expansion In March
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Loonie Tests 2018 Lows As Canada Existing Home Sales Crash To 5 Year Lows
The Canadian Dollar dropped, testing the lows of 2018, following CREA data showing existing home sales crashed to the lowest since 2013 and price appreciation slowed dramatically. Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the second consecutive monthly decline following the record set in December 2017 and the lowest reading in nearly five years. […]
Jobless Claims Continue Their Downtrend
Whenever you’re talking markets and charts, the last thing a bull wants to hear is the word downtrend. That is unless it relates to weekly Jobless Claims, and in the case of this indicator, they remain stuck in one of the most prolonged downtrends any of us will ever see. In this week’s report, first-time […]
High Quality Trading Is Episodic, Not Continuous
There are two types of market returns. Alpha and beta. Beta is what you get for diversifying and passively holding the market. Alpha is the opposite. It requires an edge, of which there are three: informational, analytical, and behavioral. And as Ray Dalio says, “Alpha is zero sum. In order to earn more than the market return, you […]
US Dollar Hampered By Downswing In Q1 Growth Expectations
The US Dollar (via DXY Index) has had a docile week thus far, with each of the past two days of price action constrained by the high/low range established on Tuesday. Despite rates market pricing in a 100% chance of a 25-bps rate hike by the Federal Reserve next week, a disappointing reaction to the February CPI […]
Tis The Season To Go Long Petro
Tis the season to get long oil as the five years upward price trajectory between mid-March and April has been solid for at least the last five years. For oil bulls, this is the most wonderful time of the year. This comes as the Energy Information Administration shocked markets with big product draws as bears […]
March 2018 Empire State Manufacturing Index Improves
The Empire State Manufacturing Survey improved and remains in expansion. It was well above expectations. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around erratically – but has been relatively steady for the last year. Key internals in the report marginally improved so I […]
Testing Financial Cycle Mania
Over the last year, cryptocurrencies became an icon for the speculative fervor that has increasingly driven the 2009-18 financial cycle. Leading the sector, bitcoin rose from $1200 last March, to $19,187 by December and back to $8140 this morning. Between rampant fraud, stolen coins, regulatory crackdown, outright bans and liquidation selling, cryptos can’t seem to […]
