Author Archive: Jeremy Parkinson
Weekly Technical Perspective On Crude Oil Prices (WTI)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Crude oil turned from long-term uptrend resistance last month with price plummeting more than 10% off the yearly highs. Today’s decline is challenging the monthly opening range lows with the price […]
Back When Things Happened In August
Financial markets today look just how you would expect them to look on a hot sunny day in August. There’s not a lot going on. Take economic data, for example. We’re already three days into the trading week and the only reports of note so far have been JOLTs (which really isn’t really a market-moving report) and Consumer […]
The Three Largest Cryptocurrencies – Wednesday, August 8
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
“It’s Overvalued” – Tesla Bonds Dip On Report Musk-Softbank Talks Failed
With everyone desperate to discover just who is funding this debacle of an LBO/MBO, Bloomberg is reporting that Musk and Masayoshi Son held talks last year about SoftBank investing in Tesla, including potentially taking the electric carmaker private – but talks broke down over disagreements on control. Son and Musk met in April 2017 to discuss an investment […]
Drugmakers Fall After CMS Unveils Changes To Medicare Part B Plans
On Tuesday, the Centers for Medicare and Medicaid Services gave new authority to Medicare Advantage plans that allows those plans to negotiate lower drug prices. The policy will also allow Medicare Advantage plans to cross-manage across Part B and Part D as applicable. Publicly traded drugmakers that may be impacted by the news include Regeneron […]
NZD/USD Testing Daily And Weekly Range Low Near 0.6700 Ahead Of RBNZ
Falling in the awkward post-US, pre-Asian session, the Reserve Bank of New Zealand will deliver its quarterly monetary policy statement in just a few hours (21:00 GMT). While the release is functionally equivalent to the Fed’s “live” quarterly meetings when it delivers updated assessments on the economy, the primary difference is that the RBNZ is […]
What Chinese Trade Shows Us About SHIBOR
Why is SHIBOR falling from an economic perspective? Simple again. China’s growth both on its own and as a reflection of actual global growth has stalled. And in a dynamic, non-linear world stalled equals trouble. Going all the way back to early 2017, there’s been no acceleration (and more than a little deceleration). The reflation economy got started […]
4 Tech Mutual Funds To Buy On Apple’s Strong Earnings
The tech sector has performed favorably in recent times on the back of encouraging earnings results. Tech behemoth Apple Inc. (AAPL – Free Report) witnessed strong performance on the back of robust fiscal third-quarter earnings results. Higher iPhone average selling price boosted revenues for the quarter and eventually earnings. Following these promising trends, investing in technology mutual […]
Not Exactly The Healthiest Of Market Scenarios
In retrospect, one can help but wonder if the recent bullishness only took shape because traders felt there was no other alternative. Some of the broad market’s underlying barometers certainly suggest this is the case. What script? The daily chart of the S&P 500 below spells it out pretty plainly, in pictures. A key resistance line […]
How To Understand And Save Yourself From The Imminent Financial Crisis
iStock.com/alexskopje Debt and buybacks are about to trigger the next financial crisis At first glance, any observer would consider suggestions that America is headed toward another financial crisis as ludicrous at best and certifiable at worst. After all, the outlook for stocks on Wall Street has hardly looked more optimistic. It’s downright shining with glitter […]
