Author Archive: Jeremy Parkinson
Where Is The Anxiety Ahead European Political Risk On March 4?
Among the biggest political risk of the year is at hand. The results of the SPD vote on whether to join another grand coalition and the national election of Italy are due Sunday. The market is unusually calm about it. The euro is trading sideways, a couple cents below the multi-year high set two weeks ago […]
China hits back in trade war with the US
China has launched a formal investigation into sorghum imports from the US, as the trade war between the two countries heats up. Beijing’s Ministry of Commerce confirmed the probe on February 4, which comes less than two weeks after US President Donald Trump imposed tariffs on certain Chinese imports. It is highly unlikely that China […]
Citi Upgrades Gilead To Buy With $103 Target Following Tax Reform
Citi analyst Robyn Karnauskas upgraded Gilead Sciences (GILD) to Buy from Neutral and raised her price target for the shares to $103 from $81. The drugmaker closed yesterday up $3.34 to $88.80. Tax reform could lower the company’s tax rate to 22% in 2018 versus prior estimates of 28%, Karnauskas tells investors in a […]
Global Inflation: The Worm Finally Turns
Approximately nine years ago, I founded a company specializing in developing new ways to invest in and hedge against inflation. I originally had two partners; one left after a few months and the other lasted a year before heading back to a Wall Street job. (I think leaving after 3 months of trying a startup […]
Stock Ownership Rate Plunges As Credit Card Debt Soars
The savings rate is at a 12-year low. Revolving credit is at a record high and the stock ownership rate has plunged. Stock Ownership Rate Collapses One way to support consumption is to sell your stocks. Many did just that. A May 2017 Gallup survey shows U.S. Stock Ownership Down Among All but Older, Higher-Income. Here’s […]
Eurozone Q4 GDP Rises 0.6% As Expected – EUR/USD Looks Strong
Robust growth continues in Europe: 0.6% q/q as expected. This comes on top of 0.7% in Q3. Year over year, the 19-country currency bloc saw a growth rate of 2.7%. The data for Q3 was revised to the upside, adding to the oomph. This is the first estimate that does include Germany, the largest economy. […]
Stellar Cryptocurrency: Google Trends Confirmed A Top In Price
While Bitcoin (BTC) holds its recent low confirmed by a jump in Google search activity, I decided to look to see whether Google Trends correlated with another cryptocurrency. Stellar is a relatively new entrant on the scene. The cryptocurrency made a big splash at the beginning of the year by rocketing into the top 10 of cryptos […]
Going To Cash And Position Sizing In Volatile Markets
Few people on the Internet that discuss trading talk about going to cash and staying out of the markets for an extended period of time. But the problem is the market doesn’t always trend higher with no volatility like it did from the election in November 2016 until now. Increased volatility occurs from time to […]
The Unusually Hollow Boom
For GDP, one big piece that’s missing, or what’s kept it at a lower rate than in the comparable 2014 period, is inventory. Three and four years ago, American businesses couldn’t get enough. They piled into it at a record pace. The reason they did was almost surely Janet Yellen, or at the very least […]
