Author Archive: Jeremy Parkinson
Are Low Equity Sector Correlations A Warning Sign For Stocks?
James Paulsen, chief investment strategist at Leuthold Group, sees trouble brewing in the growing disconnect between US equity sectors. He told CNBC earlier this week that correlations among US equities is unusually low and flashing a warning signal. That’s an especially dangerous sign when the stock market’s valuation is so high. Let’s dig deeper into […]
Sensex Ends 155 Points Lower; Metal And Healthcare Stocks Witness Selling
Indian share markets continued to trade in the red during the closing hours of the trading session and ended the day on a negative note. Losses were largely seen in the metal sector and healthcare sector. At the closing bell, the BSE Sensex stood lower by 155 points (down 0.4%) and the NSE Nifty closed lower by 41 points (down 0.4%). Both – […]
Understanding TIPS: The Compelling Case For Rising Interest Rates And How To Benefit From Them
As we head further into 2018, the case for rising interest rates is compelling, and it Really is All About Supply and Demand! On the demand side, those buyers of treasuries that are traditionally the largest are reducing their participation in the market, thereby reducing demand and leading to lower prices and higher yields. Specifically: […]
Strong Canada Employment Report To Curb USD/CAD Rebound
Updates to Canada’s Employment report may curb the recent rebound in USD/CAD as the economy is expected to add another 19.0K jobs in July. After delivering a 25bp rate-hike in June, data prints pointing to a strengthening labor market may encourage the Bank of Canada (BoC) to further normalize monetary policy over the coming months as the […]
EURUSD: The Euro Is Resting On The Weekly Support
On Thursday the 9th of August, trading on EURUSD closed down. Bears resumed the downtrend after the break of the trend line at 1.1582. By the close of trading, the euro fell to 1.1526, surpassing Monday’s low (1.1530). In the first half of the day, the major currencies were under pressure against the US dollar due […]
WTI Crude Oil And Natural Gas Forecast – Friday, August 10
WTI Crude Oil The WTI Crude Oil market was very noisy during trading on Thursday but did offer a bit of stability coming in at support. This is something that the market desperately needed, after getting slammed the previous day. I believe that there is an uptrend line underneath that should also support this market, […]
The Dollar Muscles Higher As Turkey Melts Down
The US dollar has surged. The main impetus comes from the dramatic slide in the Turkish lira. After moving above TRY5.0 yesterday, it reached TRY6.30 today before stabilizing a little below TRY6.0 as the European morning progressed. The trigger seemed to be the lack of credibility of the government’s response as investors await officials to elaborate […]
Houston, We Reached Target
One of the biggest stories since the last edition of the Market Overview, is inflation reaching the Fed’s 2-percent target. As we analyzed in the Gold News Monitor, The latest report on the Personal Income and Outlays revealed that the annual rate of the PCE Price Index rose 2.3 percent, while the core inflation hit 2 percent, the Fed’s […]
It Took Turkey To Send EUR/USD To New 2018 Lows
The EUR/USD is trading well below 1.1500, at the lowest levels in three months. The political crisis in Turkey weighs heavily on markets. The technical picture shows the pair is flirting with the oversold territory. The EUR/USD finally made a considerable move, and the direction is down. Turkey is the center of attention. The large economy that […]
Europe’s Thinnest Market In 18 Years Sends Ominous Signal
While US investors are fighting each other off to buy stocks (well FANG stocks), Chinese and European equity markets have suffered in recent months amid growth concerns and trade war fears. One might not know it looking at the Euro Stoxx 50 Volatility Index hovering just barely in the double digits… But, as Bloomberg’s Benjamin […]
