Author Archive: Jeremy Parkinson
5 Vital Factors That Drive The Real Estate Market
You know the old saying that real estate prices are local. What is happening in one area of the country has no impact on another area and so forth. While overall this idea rings true, there are some exceptions to the saying. In fact, there are some common factors that drive the real estate market, […]
Netflix Slips As CFO Steps Down, Analyst Cuts Target
Shares of Netflix (NFLX) are under pressure after the streaming service company announced that its CFO David Wells is stepping down. Commenting on Wells’ departure, KeyBanc analyst Andy Hargreaves told investors he expects “minimal disruption” since Netflix’s financial strategy is now well established. Meanwhile, Imperial Capital analyst David Miller cut his price target on the […]
CBO Cuts 2018 GDP Outlook, Sees Fewer Fed Rate Hikes
Four months after the CBO surprised US economy watchers by releasing an especially strong outlook for 2018 US GDP, which it said would hit 3.3%, on Monday afternoon in its latest projections, the CBO unexpectedly trimmed its 2018 real GDP forecast to 3.1% citing concerns over rising trade war coupled with higher inflation. The Congressional Budget […]
6 ETFs In Focus As Turkey Crisis Worsens
As it is global stocks are feeling the pinch of escalating trade tensions between the United States and China, and now the collapse in Turkish lira has amplified the concerns. This is especially true as Turkish lira is in a free-fall territory, nosediving as much as 11% against the dollar in early trading today after […]
Give Us A Break!
Quite a day so far! As I am typing this, the SPY is down 1/10th of a percent, the QQQ is up about 3/10th of a percent, but my all-short portfolio is up 1.4%. I’ve got a variety of energy shorts, and I am watching this trendline with great interest to see if it breaks: […]
Household Income And Spending Projections Vs Current And Projected CPI
Every month the Fed does a survey of consumer expectations. Let’s compare the CPI to what consumers say they will do. Inquiring minds are diving into the New York Fed Survey of Consumer Expectations report for August. Median inflation expectations at both the one- and three-year horizons were unchanged at 3.0 percent for the third straight month. […]
Gold Sector – An Obscure Indicator Provides A Signal
The Goldminbi In recent weeks gold apparently decided it would be a good time to masquerade as an emerging market currency and it started mirroring the Chinese yuan of all things. Since the latter is non-convertible this almost feels like an insult of sorts. As an aside to this, bitcoin seems to be frantically searching […]
Great Graphic: Possible Head And Shoulders Top In Euro
The euro appears to have carved out head and shoulder top. As this Great Graphic depicts, the euro was sold through the neckline at the end of last week and is 1% below it today. It is not unusual for the neckline to be retested. It is found near $1.15.It also dovetails with our near-term caution given that […]
Sector Performance Breakdown Since The 1/26 Peak
The waiting game for new highs in the S&P 500 continues. Even though the S&P hasn’t moved much at the index level since January 26th, many of its components have seen big moves. The table below summarizes the average performance of individual S&P 500 components grouped according to sector since the 1/26 closing high. Leading […]
One Bank’s “Emerging Market Crisis Indicator” Is About To Be Triggered
While the market is (finally) paying attention to the accelerating Turkish collapse and specifically the risk of contagion to Europe, Asia, and ultimately, US capital markets, the truth is that this crisis has been a long time in the making. In fact, the first break in the “strong Emerging Market” narrative emerged in late April […]
