Author Archive: Jeremy Parkinson
EUR/USD – Headed Below 1.22?
Euro is trading lower ahead of next week’s European Central Bank’s monetary policy announcement. After consolidating for 8 trading days and failing to break above 1.24 throughout that time, the EUR/USD finally broke down on cautious comments from ECB member Weidmann. The head of Germany’s Bundesbank said there were recent indications that the first […]
3 Mutual Funds To Buy On Phenomenal Housing Data
Per the latest joint report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts and building permits for March came in at 1.32 million and 1.35 million units, respectively. While housing starts increased 1.9% in March, building permits advanced about 2.5% in the same period. The metrics followed […]
ACM Research Shares Could Fall When IPO Lockup Expires
The 180-day lockup period for ACM Research, Inc. (NASDAQ:ACMR) ends on May 2, 2018. When this six-month period ends, the company’s pre-IPO shareholders will have the opportunity to sell large blocks of previously restricted shares. We believe that they are likely eager to do so – ACMR has a return from IPO of more than 110%. […]
What’s Bitcoin Really Worth?
What’s Bitcoin really worth? This question might really drive you mad if you think hard enough about it. $0? $10? Maybe $1,000,000 for one coin? The range of the numbers can make your head spin but it is the explanation behind the number that matters. For the most part, investors don’t have a good reason […]
Groups Breadth Leaning Weak
Two days ago, the percentage of S&P 500 Industry Groups trading above their 50-DMA reached 66.6%, which was a huge improvement from the 0% reading we saw back in late March. Over the last two days, we’ve seen this percentage dip back below 50% just as the S&P 500 did the same today. At the surface, breadth […]
8 Things To Know About Last Week’s CBO Report
For what they’re worth and for anyone who doesn’t mind digging through the weeds, here are my comments on last week’s budget outlook from the Congressional Budget Office, which I previewed here. In the baseline scenario that’s widely reported in the media (I’ll abbreviate it BS for this post), the CBO shows federal debt held by the public soaring from […]
Transitory’s Japanese Cousin
Thomas Hoenig was President of the Federal Reserve’s Kansas City branch for two decades. He left that post in 2011 to become Vice Chairman of the FDIC. Before that, Mr. Hoenig as a voting member of the FOMC in 2010 cast the lone dissenting vote in each of the eight policy meetings that year (meaning […]
Digesting Friday’s Draghi, ECB Headlines
Here’s some shit you probably won’t read. But I wasted time on it anyway, because why not? That was the tagline I slapped on a post I did last week called “Thoughts On The ECB Minutes And A Bearish Euro Call For EURUSD Bulls.” You can read that post for yourself (because as noted in […]
Gold Nearing Bull Breakout
Gold remains largely forgotten, off the radars of most investors. But that’s likely to change soon as this leading alternative investment is nearing a major bull breakout. Once gold climbs to decisive new bull-market highs, sentiment will turn and investors’ interest will surge. Their resulting buying will rapidly drive gold higher, attracting in more capital […]
