Author Archive: Jeremy Parkinson
July 2018 CBO Monthly Budget Review: Revenues Up 1%, Outlays Up 4%
from the Congressional Budget Office The federal budget deficit was $682 billion for the first 10 months of fiscal year 2018, CBO estimates, $116 billion more than the shortfall recorded during the same period last year. Revenues and outlays were 1 percent and 4 percent higher, respectively, than in the same period in fiscal year […]
Stocks Less Than 1% Away From Record High As Greed Increases
The Greed Is Palpable The S&P 500 was up 0.28% and the VIX was down 3.02% to 10.93 on Tuesday. The S&P 500 and Wilshire 5000 are less than 1% away from their record highs. Just as the market is getting close to its record high, it is also showing signs of excessive greed. As […]
6 Tech Stocks Poised To Smash Estimates This Earnings Season
The earnings season is drawing to a close with 381 S&P 500 members or 82.7% of the index’s total market capitalization having reported quarterly results, per the latest Earnings Outlook. Total earnings of these companies are up 25% on a year-over-year basis on 10.4% higher revenues. Technology is one of the 14 sectors anticipated to report […]
Billion Dollar Unicorns: BlackLine Looks At International Markets
According to a recent report, the global accounting software market is estimated to grow 8.6% to be worth $11.8 billion by 2026, North America being the largest contributor to this growth in terms of revenue. The growth in the developed markets is expected to be driven by the adoption of mobile devices and movement to the […]
Gold’s Kill Zone
There is nothing bullish happening on the gold and silver charts. Nothing bullish on the miner Index/ETF charts. Nothing bullish on the HUI/Gold ratio. In other words, when it comes to a segment as volatile and sentiment-dependent as the precious metals, we are in the kill zone. That can be read a couple of different […]
Downside GBP/USD Targets Remain On Radar Ahead Of Adjusted U.K. GDP
BRITISH POUND TALKING POINTS The British Pound remains under pressure as Bank of England (BoE) officials strike a cautious tone after raising the benchmark interest rate earlier this month, and recent developments in GBP/USD keeps the downside targets on the radar as the bearish momentum appears to be picking up. DOWNSIDE GBP/USD TARGETS REMAIN ON RADAR AHEAD […]
WTI Drops Back Below $68 After Big Gasoline Build, Small Crude Draw
WTI has tumbled this morning (back below $68) as Bloomberg Intelligence Senior Energy Analyst Vince Piazza notes that optimism for crude oil has softened from previous highs this summer. Elevated U.S. production, concerns about tariffs slowing global economic growth and rising world oil output have weakened sentiment. Renewed U.S. sanctions on Iran partially offset the bearishness. API […]
Trends In The Teenage Workforce Update – Wednesday, August 8
In July of 2015, CNN Money featured an article with the optimistic and intriguing title “More American teens are getting jobs. That’s good for everyone.” The article opens with an example of 16-year-old Lauren Miller, who loves her minimum wage job at Hershey Lodge in Pennsylvania, “roasting s’mores and organizing activities for kids.” The article goes on […]
The Most Amazing Story About Bitcoin You’ve Ever Heard
A month ago, a top trader from the NY Stock Exchange approached me. “I have someone who desperately wants to buy $100 million worth of bitcoin,” he began. “Can you help me find a seller?” He then added, “I will give you a million dollars if you can find me one.” So, of course, I […]
US-Japan Trade Talks
The withdrawal of the US from the Trans-Pacific Partnership trade agreement lift it exposed on two fronts. First, the TPP was going to modernize the NAFTA. Without, the US remains locked in protracted negotiations. A breakthrough in talks with Mexico has been reportedly imminent for weeks. Talks with Canada have apparently not progressed very far […]
