Author Archive: Jeremy Parkinson
Wages: Same As It Ever Was?
With the second jobs report for 2018 now in the books, investors have once again witnessed a similar tale: solid job growth but no real progress on the wage front. This dynamic has certainly perplexed the money and bond markets, and I’m sure Federal Reserve (Fed) chair Jerome Powell was scratching his head as well. In fact, […]
February Producer Price Index: Final Demand Up 0.2% MoM
Today’s release of the February Producer Price Index (PPI) for Final Demand came in at 0.2% month-over-month seasonally adjusted, down from last month’s 0.4%. It is at 2.8% year-over-year, up from 2.7% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) also came in at 0.2% MoM, down from the […]
Stagflation And Gold Chart Analysis
We perform technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. We are very bullish on the gold stocks and very bearish on the US Dollar.
The Dollar Index Edges Lower Following CPI Data And Rexit
The dollar index fell following yesterday’s decision by President Trump to fire his Secretary of the State. This came as the bureau of labor statistics released a report showing that inflation had edged lower but in line with what analysts were expecting. The Month over Month (MoM) Core CPI rose to 0.2% while the annualized […]
Profiling Correlations For The Major Asset Classes – Part 1
The case for holding a portfolio that’s diversified across markets and asset classes is built on the assumption that return correlations will remain below 1.0 (perfect positive correlation) by more than a trivial degree. To the extent that you own assets that move independently of one another you’ll reap the rewards of diversification, which is […]
Broadcom Withdraws Offer To Acquire Qualcomm
Broadcom (AVGO) announced that it has withdrawn and terminated its offer to acquire Qualcomm (QCOM) and has withdrawn its slate of independent director nominees for Qualcomm’s 2018 Annual Meeting of Stockholders. Broadcom today issued the following statement: “Although we are disappointed with this outcome, Broadcom will comply with the Order. Broadcom will continue to move […]
Upcoming Turnaround In Gold
More than two weeks ago, we described the very specific and very important pattern in the gold market, one of short- and medium-term importance. We wrote that the triangle apex pattern based on the intraday highs pointed to a major reversal in the first half of March. The first half of March ends this week, so the […]
Morning Call For Wednesday, March 14
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM18 +0.29%) this morning are up +0.23% and European stocks are up +0.19% as strength in Chinese factory output bolsters confidence in the global economic outlook. May COMEX copper (HGK18 +1.24%) is up +1.07% at a 1-week high and is lifting mining stocks and raw-material producers after China Feb industrial […]
EUR/USD: Growth Stutters At The Trend Line
Previous: On Tuesday the 13th of March, trading on the EUR/USD pair closed up. The single currency made gains of 0.47% against the greenback to reach 1.2389. Volatility was high during the US session. This surge in volatility was down to both US inflation data and news that Donald Trump fired Rex Tillerson from the post […]
Futures Rebound Sharply Despite Ongoing Trump Cabinet, Trade War Turmoil
After two consecutive days of failed S&P ignition attempts, in which US stocks opened sharply higher only to close near the lows, on Wednesday the algos will try for the third consecutive time to escape the recent late-day selloff funk. S&P futures are higher after declining on Tuesday following a fresh personnel shakeup in the […]
