Author Archive: Jeremy Parkinson
Adidas Is Added To The Growing List Of Retail Cyber Hacks
Amid all the talk of trade wars and tariffs, the new war that is cyber attacks continues to advance, threatening companies and consumers alike. We have long said that cyber security, an aspect of our Safety & Security investing theme and index, is much like insurance – you may not think you need it, but […]
The Saudis Won’t Prevent The Next Oil Shock
Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high 11 million barrels per day in July, according […]
Utilitarianism
The Dow Utilities, against which I have January 2019 puts (by way of XLU), has been tearing higher since June 12th. The moving averages are still intact, and we’re coming up upon a wall of resistance that I believe will cease the public’s newfound adoration of utility companies. Here’s the longer-term view, which I hope […]
BTC/USD And BTC/JPY Forecast – Friday, June 29
BTC/USD Bitcoin markets did very little during the trading session on Thursday, as we continue to look at the $6000 level is a major support level. I think at this point though, it’s obvious that there is no significant desire to put a lot of money to work, so I think rallies will continue to […]
Top 5 political events that rocked the global economy
Political decisions have always affected social and economical aspects in a region – whether the change is as small as new parking restrictions, or as major as countries entering war with one another. Millicent Angel examines some of the most striking examples of political decisions affecting economies. 1 – The Greek financial crisisThe Greek financial […]
Bank Leadership (JP Morgan) Could Be Slipping Below Support, Says Joe Friday
The chart above looks at JP Morgan (JPM) over the past 16-years. JP Morgan has been done very well since the 2009 lows, as its gains have surpassed the S&P 500 and Banks overall by a large percent (See Chart below). We applied Fibonacci to the 2007 highs and 2009 lows for JPM. It hit the 261% extension […]
The Debt Threat And Gold
This month, we will adopt a more global perspective. Until recently, thanks to the synchronized worldwide growth, it was easy to lose sight of the elephant in the room. But as U.S. interest rates have climbed in recent months and dollar has appreciated, we cannot ignore the debt threat any longer. Indeed, the elephant is doing well. […]
US Dollar: Double Top Or Merely Month-End Flows?
After a strong start to this week’s trade, the US dollar is on the back foot on the final trading day of the week, month, and quarter. The proximate cause for the buck’s weakness is good news overseas: specifically, the EU countries reached an agreement on migration, while the UK’s Q1 GDP was revised up by […]
It’s Easy To Predict Market Outcomes With Precedence, But Without…?
We’ve reached the end of the week and what a week it has been. A couple of overextended streaks came to an end during the trading week, including a Dow and Financials Select Spiders ETF (XLF) losing streak. Yesterday morning, we discussed the potential for XLF going forward. “While the XLF and individual big banks […]
Morning Call For Friday, June 29
Overnight Markets and News Sep E-mini S&Ps (ESU18 +0.35%) this morning are up +0.29% and European stocks are up +1.05% as global stocks rebound from this week’s declines. European markets and EUR/USD received a boost after EU leaders agreed on a migration package as members agreed to increase border security, set up holding centers to […]
