Author Archive: Jeremy Parkinson
Yuan May Consolidate On PBOC’s Intervention, Petro-Yuan Arbitrage Emerges
FUNDAMENTAL FORECAST FOR CNH: Neutral PBOC told that it may resume the counter-cyclical factor to support the Yuan. Retail Sales and Industrial Production reads could reveal the trade war damage. Arbitrage opportunities emerge as the spread between Petro-Yuan and Petro-Dollar jumped. The Chinese Yuan lost against the U.S. Dollar this week, though failed to set a new swing […]
Stocks End Week Lower; Erase Most Of August’s Gains
Week-In-Review: Stocks End Week Lower; Erase Most Of August’s Gains Stocks sold off hard on Friday which sent most of the popular indices lower for the week and erased most of the gains for the month. The small-cap Russell 2000 and the Nasdaq ended the week higher while the S&P 500 and The Dow Jones […]
Treasury Snapshot: 10-Year Yield At 2.87%
Note: We’ve updated this commentary with data through today’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Friday at 2.87% and the 30-year bond closed at 3.03%. The 2-10 yield spread is now at 0.26%. Here is a table showing the yields highs […]
Top U.S. Shale Producers Soaring Debt Service Guts Profits
The massive debt accumulated by the U.S. Shale Industry is now decimating company profits. As company debts and interest rates rise, these shale producers interest expense also continues to increase. Debt service is not only cutting into company profits, but it also takes a great deal of oil and gas production to cover this expense. […]
Stocks And Precious Metals Charts – Visitors Abounding
I have company arriving from out of town, Maryland, and Ohio, now and the rest later tonight. lol. I spent the afternoon getting things ready for them. A big pot of chicken gumbo soup and a loaf of hearty bread is a fine way to greet a traveler. Here are the updated charts and information […]
August 2018: ECRI’s WLI Growth Rate Index At 45 Week Low
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. Analyst Opinion of the trends of the weekly leading indices Even with the general downward trend in this index over the last 6 months, the forecast is for modest (approaching insignificant) growth six months from today. Here is this week’s update […]
Natural Gas Dips Into The Weekend
The September natural gas contract fell back a cent today, trading in another narrow range ahead of the weekend. On the day J-V9 was a bit more firm, as was the fall strip with the March H9 contract the weakest. The result was a second day of the H/J March/April 2019 spread falling back. In […]
Are Non-Performing Loans Becoming A New Danger For French Banks?
French banks have just published their results for the second quarter, and the media deem them globally “good”. They don’t seem too finicky… We had already discussed the substance matter in a December 2017 article titled “French Banks Are Much More Dangerous than American Banks”. But in this article, I would like to underline the […]
