Author Archive: Jeremy Parkinson
Weekly Review: A Good Week For Crude Oil And Cryptocurrencies
Politics and geopolitical issues continued to dominate the market. In Washington the turmoil in the Trump administration continued. A number of Republicans sent a letter to the FBI and Justice department asking for the memos written by James Comey. They threatened to impeach the new FBI director, Christopher Wray and the Deputy Attorney General, Rod […]
The Difference Between Asset Price Inflation & Consumer Price Inflation
One of the more common responses to the fact that inflation is low is the idea that the inflation is all in asset prices. So, for instance, if someone were to say that all the Fed’s post-crisis stimulus didn’t result in inflation you might look at stock prices and argue that the price increases all […]
Light Volume Pullback
My Swing Trading Approach I lightened up my portfolio yesterday, following the pullback, and booked 5% in my trade in Anadarko Petroleum (APC). The market remains bullish overall, and will look to add 1-2 new positions today Indicators VIX – Small bounce yesterday, I still expect a move lower that tests, at least, the March lows. T2108 (% of stocks trading […]
Billion Dollar Unicorns: What Is Okta’s Inorganic Growth Narrative?
According to a Market Research Engine report published earlier this week, the global Identity and Access Management is estimated to grow 12% annually over the next few years to become a $14 billion industry by 2023. Recently reported results of the Billion Dollar Unicorn Okta (Nasdaq: OKTA) corroborate this rapid growth. Okta’s Financials Okta’s identity management solution simplifies […]
Nasdaq Composite: Will The March High Mark A Goodbye
The month of March has produced some major turning points for the Nasdaq Composite over the last 20 years. The Nasdaq topped in March of 2000 and bottomed 9 years later in March 2009. Is it possible that 9 years after the major bottom, we put in a major top (March 2018). In a recent article, […]
Not Too Much Support After EUR/USD Broke Down
The Technical Confluences Indicator showed that the recent fall of the EUR/USD was powerful as it breached a critical cluster of support lines at $1.2360. This opens the door to dropping to much lower levels as support lines are few and far between. The $1.2360 region is the congestion of the Simple Moving Average 50-1h, the SMA200-15m, the […]
An Asymmetric Opportunity In Precious Metals
Articles I’m reading: Jeff Bezos’ latest annual letter to shareholders is fresh off the press. His letters are always worth a read, and this one is no exception. This year, Bezos asks the question of whether high standards are intrinsic or teachable (he believes they’re teachable). He then lays out his, and Amazon’s, philosophy for […]
Wells Fargo Agrees To Pay Record $1BN Fine In Settlement With Mulvaney’s CFPB
As was widely expected, Wells Fargo announced today that it has agreed to pay a $1 billion fine to the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau in what is the largest fine ever levied by the CFPB in its six-year existence. The fine was levied over Wells’ shady sales practices, including […]
E China Will Do Everything In Its Power To Avoid A Trade War
“Because China has a higher export-to-GDP ratio than the US, its leaders are more concerned with defending the global trading system than with preserving any particular bilateral balance. By eschewing escalation in response to the Trump administration’s widening tariffs on its exports, China avoids jeopardizing the system. (Barry Eichengreen, Can a Trade War be Averted?, […]
SunTrust (STI) Beats On Q1 Earnings, Revenues Stable Y/Y
Have you been eager to see how SunTrust Banks, Inc. (STI – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta-based commercial banking organization’s earnings release this morning: An Earnings Beat SunTrust came out with earnings per share of $1.29, which surpassed the Zacks Consensus Estimate of […]
