Author Archive: Jeremy Parkinson
Metals Markets Report – Friday, August 17
A review of the day’s trading in the metals markets. Video length: 00:11:54
The Wage Test
In August 2014, then-Federal Reserve Chairman Janet Yellen described the wage dilemma in some detail. She was still relatively new to the job at that time, and there was pressure on her from among the so-called hawks to more aggressively normalize monetary policy. Ben Bernanke had taken the more cautious approach having experienced what both […]
Market Talk- Friday, August 17
Although we saw some small relief bounces in Asia, there are still many questions left unanswered. The Nikkei managed a 0.35% recovery, which was pretty much where it played all day. The Yen is still acting as a store for safety and in late US trading, we see it edging in the low 110’s, possibly […]
Crazy Rich Earnings
Yes, I am swept up in the hype of the release of the movie “Crazy Rich Asians”. As an Asian-American, I am hyped to finally see a major motion picture with an all Asian cast which we haven’t seen since 1993’s Joy Luck Club. Please go out and support the film! But today’s blog post […]
ECRI Weekly Leading Index Update – Friday, August 17
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.4, down 0.5 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.38%, down from 2.51% last week. The WLI Growth indicator is now at 0.3, also down from the previous week. […]
Crude Oil Price Drops For 7th Straight Week On Emerging Market Fears
Fundamental Forecast for : Neutral Talking Points: The ONE Thing: Emerging markets like China, Turkey, & South Africa dominated the news flow and continued to be a cause for concern about whether or not demand is waning for energy. Seven straight weekly losses would account for the longest losing streak since 2015 Per BHI, U.S. total rig […]
Late August Heats Up Natural Gas
Natural gas prices rallied as forecasts warmed significantly for the end of August. Our Morning Update indicated an increase of over 10 GWDDs from our forecast the previous day. We outlined these changes were likely to put resistance from $2.95-$2.96 in play today, with prices spiking just above that level before pulling back in the […]
S&P Downgrades Turkey To B+, Forecasts “Recession” And “Hard Landing”
Update: And to round out the triumvirate, Moody’s just joined S&P and Fitch in the Turkey downgrade party… Moody’s downgraded Turkey’s long-term foreign debt rating to Ba3 from Ba2. Additionally, Moody’s shifted the outlook to negative from watch negative. The key driver for today’s downgrade is the continuing weakening of Turkey’s public institutions and the related reduction in […]
Stocks And Precious Metals Charts – Symphony For The Righteous Destruction Of Humanity
“What does Dr Copper want to tell us?The metal with the PhD in economics is now in a bear market, down 21% from recent high in June.Dr. Copper is signaling us that global contraction is now in motion”. Dr. Harald Malmgren Gold and silver both bounced higher today as the dollar trended lower. Gold has […]
