Author Archive: Jeremy Parkinson
The 2018 World Cup And The Cause Of The Next Stock Market Crash
iStock.com/Fotokot197 World Cup Prediction Exposes Our Vulnerability to the Next Stock Market Crash Wall Street—not to mention other exchanges—is heading for a major stock market crash. Indeed, a confluence of factors points to what could be a massive stock market crash. And while there has been no shortage of like-minded opinions on Lombardi Letter, recent developments have […]
Gold Breaking 16-Year Rising Support
Gold has been weak for the past several weeks. So what gives? Gold prices have been trading in a tightening wedge pattern (between its rising trendline and horizontal resistance – see point 1) for several months. Bouncing back and forth in a narrowing range. The latest test of horizontal resistance failed yet again, leading to a […]
E Are Miners Calling The Bottom?
Gold and silver haven’t done much to indicate a bottom, but miners are showing signs of life. Sometimes miners will bottom a day or two before gold establishes a low. To remain positive, I’d like to see miners maintain today’s rally into the close and not selloff. There is an opportunity for a trend day […]
July 4th Week: Not As Bullish As It Used To Be
Next Wednesday is July 4th, and because the holiday falls right smack in the middle of the week, it is also likely to be a week where many people look to take extended weekends on either end of the holiday. That doesn’t mean it will be a quiet week in terms of economic data, though. Not […]
Don’t Tell Trump, But The Atlanta Fed Just Slashed Q2 GDP
Just two days after Donald Trump Jr slammed “the experts” and crowd of expectations for a 4.5% Q2 GDP print, The Atlanta Fed took an ax to its forecast this morning following disappointing spending data… The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 3.8 percent on June 29, down […]
The Weight Of The World
Now that Bitcoin has breached $6,000, it should be melting away, but I suspect enough major players realize how vulnerable crypto is at these levels that they are doing a yeoman’s job keeping things propped up for now. From a support/resistance perspective, there is little in the way of support at these levels, however. One piece of bad news […]
Put/Call Ratio Just Spiked. What Happens Next To Stocks
As outlined in today’s market outlook, the Total Put/Call Ratio has become very high at 1.32 I said I thought that this is a short-medium term bullish sign for the stock market. Here’s the data to support that claim. This is what happens next to the S&P 500 when: The Options Put/Call Ratio exceeds […]
Europe Is Breaking Up Over Immigration: What Would Happen In Case Of A Banking Crisis?
On the question of immigration, we are witnessing more and more divide within the European Union, along with virulent stances at times (to wit: the exchange of “niceties” between Macron and Salvini) or the refusal by the Visegrad group (Poland, Hungary, Czech Republic, Slovakia) to attend the immigration summit in Brussels on June 24. Different […]
E The Morning Track – All Nighters
Nothing good ever happens after midnight. Some count sheep when they can’t sleep, others count money. Perhaps Mama’s wisdom rings true for half-year end, but the EU immigration deal hashed out from an all-nighter has lifted risk appetites and the EUR. The better UK GDP and the lack of bad news on trade allows a relief rally. […]
Final June 2018 Michigan Consumer Sentiment Rose Slightly
The University of Michigan Final Consumer Sentiment for June came in at 98.2, down from the June preliminary of 99.3, but up from the May Final reading of 98.0. The Nasdaq / Bloomberg consensus range was 98.0 to 99.5 (consensus 99.0) Surveys of Consumers chief economist, Richard Curtin, makes the following comments: Consumer sentiment retreated […]
