Author Archive: Jeremy Parkinson
New Home Sales Up 6.7% In May, Better Than Expected
This morning’s release of the May New Home Sales from the Census Bureau came in at 689K, up 6.7% month-over-month from a revised 646 K in April. The Investing.com forecast was for 667K. Here is the opening from the report: Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, […]
New Danish minister takes hard line on country’s biggest bank
On April 24, Denmark’s new business minister signalled he would take a hard line on allegations of money laundering, making reference to the country’s largest lender, Danske Bank, which is embroiled in a scandal stemming from one of its Eastern European branches. Danske Bank had been under investigation by financial regulators in both Estonia and […]
If Bitcoin’s Rise Was Bad For Gold, Will Its Fall Be Good?
After an artificial pause in 2017, US government debt has resumed its inexorable climb… …the dollar has fallen by around 5%… … and inflation – even the massaged-beyond-recognition Consumer Price Index (CPI) – has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It’s almost […]
US Vs The World: Two Different Ends Of The Spectrum
No matter where in the world you’re invested, if you’re an equity investor, odds are that last week wasn’t a particularly good one. We’ll start with the US. The graphic below is from our Trend Analyzer tool and shows the performance and trading range levels for all of the major US index ETFs. As shown in the […]
Wal-Mart Stores, Inc. – Still Investible?
Had a prudent investor bought 500 shares of Wal-Mart Stores, Inc. (WMT) back in 1975, but the end of 1999, thanks only to stock splits, that investor would have become the proud holder of 256,000 shares of stock. Obviously, that prudent investor was not me since in 1975 I didn’t have two nickels to rub […]
Some Thoughts On The Yuan
The Chinese yuan extended its slide and finished the mainland session at its lowest level of the year. It is one of the weakest in the region this month. The onshore yuan has depreciated 1.9% against the dollar so far, and the offshore yuan has fallen slightly more (2.1%). Only the Korean won and Thai baht fell more […]
E Sideways Action Coming? Try An Iron Condor
In the markets, periods of expansion are generally followed by periods of contraction. RUT has been trading higher for 2 months now and is starting to come back towards the middle of the Bollinger Bands. A strong US Dollar and bullish fundamentals for the markets is likely to provide a floor for RUT. Likewise, after […]
The Myths Of Stocks For The Long Run – Part IV
<< Read More: The Myths Of Stocks For The Long Run – Part III << Read More: The Myths Of Stocks For The Long Run – Part II << Read More: The Myths Of Stocks For The Long Run – Part I The Math Of Loss The “mantra” of “this time is different” is always uttered during ebullient periods in the stock […]
Hew Home Sales Rebound In The South As Home Prices Plunge To 13-Month Lows
Following major disappointment in exiting-home-sales, May New Home Sales exploded higher, up 6.7% MoM (smashing expectations of 0.8% gain) helped by a major downward revision to April. New home sales were flat or negative in 3 of 4 regions: Northeast: -10%, Midwest: 0%, West: -8.7%, but South soared from 347K to 409K annualized, a 17.9% surge… […]
BTC/USD And BTC/JPY Forecast – Monday, June 25
BTC/USD Bitcoin markets lost 10% during the trading session on Friday, reaching down towards the $6000 level, an area that I have been talking about for some time. I think at this point, it’s become obvious that the market will eventually break down below that level, the question now is whether or not it’s going […]
