Author Archive: Jeremy Parkinson
E Analysts Clash On Nvidia, AMD
In recent weeks, analysts have had mixed views on chip makers Nvidia (NVDA) and AMD (AMD ). Yesterday research firm Jefferies wrote that Steven Spielberg’s film, “Ready PlayerOne,” slated to be released later this month, could be a catalyst for the stocks, The Fly reported. According to the firm,the film will cause sales of virtual […]
Subdued CPI Disappoints Economic Illiterates
The more subdued the better for all of us, but the economic illiterates at Bloomberg Econoday do not see it that way. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the […]
Stocks Leave Bonds In The Dust
With investors celebrating the nine-year anniversary of the financial crisis low last week, it should surprise no one that equities have been outperforming long-term treasuries over the last several years. What will likely surprise a lot of people is by just how much equities have been outperforming. The chart below shows the relative strength on a […]
E EUR/USD Can Be In A Correction
EURUSD is currently recovering, however, this intra-day rally seems and looks corrective, which means it can be part of a three-wave pullback labelled as wave ii). If that is the case, then we may see a final turn lower around 1.2400 region for sub-wave c, before a bigger bullish continuation comes into play. However, if […]
Nasdaq’s Not-Meaningful Drop
At first glance, it would seem the swift swoon on the Nasdaq was kind of a big deal, since it’s been such an unstoppable monster lately. But in the grand scheme of things, it’s nothing. Unless we break 7000, the bulls are large and in charge. Of far more concern to me is bonds. If this base completes […]
GBP/USD Breaks Out Amid Waning Bets For Four Fed Rate-Hikes In 2018
GBP/USD EXTENDS BULLISH SEQUENCE FOLLOWING LACKLUSTER UPDATES TO U.S. CONSUMER PRICE INDEX (CPI) GBP/USD extends the recent series of higher highs & lows as fresh data prints coming out of the U.S. economy dampen bets for four Fed rate-hikes in 2018, and the pair may continue to retrace the decline from earlier this year as […]
World Markets Update – Tuesday, March 13
Four of eight indexes on our world watch list have posted gains through Monday, March 12, 2018. The top performer this year is Hong Kong’s Hang Seng with a gain of 5.60%. In second is our own S&P 500 with a gain of 4.09%. Shanghai’s SSE Composite is in third with a minor gain of […]
Consumer Prices Accelerate As Apparel, Car Insurance Costs Jump
January’s Core CPI spiked rates over 12bps but since then they have fallen back to almost unchanged and rallied into today’s February print, suggesting a miss. However, February CPI printed higher than January, rising 2.2% YoY as expected. However, Core CPI slowed from January to 1.8% (es expected). Drops in new and used vehicles, food, […]
February 2018 CPI: Year-Over-Year Inflation Rate 2.2%
According to the BLS, the Consumer Price Index (CPI-U) year-over-year inflation rate was 2.2 % – up 0.1 % from last month. The year-over-year core inflation (excludes energy and food) rate was unchanged at 1.8 %, and is below the target set by the Federal Reserve. Analyst Opinion of the Consumer Price Index Shelter, apparel, and motor […]
