Author Archive: Jeremy Parkinson
US Dollar Gains On Market Turmoil, Eyes Bond Sales And TIC Data
FUNDAMENTAL FORECAST FOR THE US DOLLAR: BULLISH US Dollar soars as emerging market turmoil stokes haven demand Bond auction results and TIC data may cap yields, cooling the rally Sentiment boost from US/Japan autos deal may not prove lasting The US Dollar would not let a lull in local data flow slow upward progress last […]
Weekly Market Digest: Musk Considers Taking Tesla Private
Tesla CEO Elon Musk made headlines on Tuesday for tweeting that he was considering taking Tesla private. A sell-off on Friday wiped out gains for the week and left US stocks modestly lower for the week. In part due to a strengthening dollar, international stocks fared worse and are now down 4.2% for the year, […]
Above The 40 – Facing Fresh Macro Challenges And Lacking Technical Confirmations, The S&P 500 Stalls Under All-time Highs
The indicators barely changed from the last Above the 40 post, but the technical winds are likely changing yet again. A little over a week ago, Apple’s (AAPL) the last Above the 40 post was willing the stock market higher. Since then, AAPL has gone exactly nowhere. AT40 (2108), the percentage of stocks trading above their respective 40-day […]
Shanghai Gold Withdrawals Remain Brisk – Silk Road Demand
Shanghai gold withdrawals remain brisk. On its own, Shanghai is taking a big chunk of total world gold production by itself as shown in the third chart. Gold continues to move from West to East. I could not happen to notice this evening when someone mentioned the US’ current issues with Russia, Turkey, and China, that all […]
A Middle-Class Squeeze Recipe: Flat Real Wage Growth With Prices Poised To Move Higher
We’ve been witnessing inflationary pressures in the monthly economic data over the last several months. Some of this has been higher raw materials due in part to trade tariffs and other input costs, such as climbing freight costs, as well as the impact of increased minimum wages in certain states. Habit Restaurant (HABT) noticeably called out […]
The Run Ends At The Highs
It always fascinates me how technical analysis is, more often than not, confirmed by some event. As I noted in last week’s missive: “Currently, the ‘bulls’ remain clearly in charge of the market…for now. While it seems as if much of the ‘tariff talk’ has been priced into stocks, what likely hasn’t, as of yet, is the […]
USD/CAD Forecast Aug. 13-17 – C$ Succumbs To Global Forces, NAFTA Balances The Picture
Dollar/CAD moved back up, mostly a result of the risk-off atmosphere and also due to a mixed Canadian jobs report. The upcoming week features Canadian inflation and other events. Here are the highlights and an updated technical analysis for USD/CAD. A local crisis in Turkey became global after the European Central Bank expressed concern about banks’ […]
The Balance: On Private Activity Bonds
For about two months, I wondered when I would write this. Now I know… I’m writing it now. To all my readers, I am letting you know that Aleph Blog is not ending, but it is changing. I accepted a writing assignment with The Balance. I am going to write 4-5 articles for them per month, […]
Weekly Market Outlook – The Bears Take A (Flawed) Shot At A Selloff
Stocks were due for a breather. Last week they finally got it. Of course, in this unusual environment that dishes out extremes (and often unfettered) rallies and pullbacks, last week’s weakness also poses the distinct possibility that a much bigger correction is now underway. The market did, after all, bump into a well-established ceiling. […]
