Author Archive: Jeremy Parkinson
Analyzing The Health Of This Pullback – Week In Review
DOW FLIRTS WITH 200 DMA LINE The major indices ended mostly lower last week amid the ongoing trade woes. In the first half of the week, President Trump said he will consider adding tariffs on nearly $200 billion worth of Chinese goods. A few days later, China responded by saying, the US has “delusions” […]
Technical Correction Spurred By Fundamental Trigger
The Bank of England seems to purposefully like to surprise investors and managed to do so again last week, as three of the nine MPC members, including the chief economist, dissented in favor of an immediate hike. The move caught the market leaning the wrong way. A few hours before the announcement, both sterling, and the […]
Week In Review: CITIC Offers $3.6 Billion To Acquire China Biologic
CITIC Capital has submitted a $3.6 billion bid to acquire China Biologic Products (Nasdaq: CBPO), one of China’s top five plasma-based biopharmas (see story). The bid, which came at a 34% premium to the previous close, was unsolicited and non-binding. Headquartered in Beijing, CBPO operates plasma-gathering facilities and offers 20 plasma-based products. The offer, priced at $110 per […]
Questions And Answers On “Passive” Investing
If there’s a consistent theme on this website it’s that I am trying to establish a consistent taxonomy and set of understandings of financial concepts so that people can better navigate the monetary world we live in. Sadly, finance and economics is filled with words that are used in such a general manner that they […]
E NAFTA Uncertainty Is Already Hurting Canadian Manufacturing Employment
Canada’s labor market is still quite tight, but there are some ominous undercurrents showing up in the recent data. According to Canada’s Labor Force Survey, total employment declined by 7500 jobs in May. In May the economy created 24,000 part time jobs and lost 31,000 full time jobs. Employment in manufacturing and construction declined sharply […]
SPX Declines From Two-Year Trendline
VIX rallied through the mid-Cycle at 13.21 and Short-term resistance at 13.46 to close right on Long-term support/resistance at 13.77. It is now on a buy signal. The Cycles Model shows great strength next week for the VIX.. (Bloomberg) Trading patterns associated with the volatility buyer nicknamed “50 Cent” have returned to the markets. Throughout […]
2 Pot Stocks To Watch As Canada Legalizes Marijuana
Major news out of Canada this week brought renewed attention to the legal marijuana industry, with the North American nation becoming just the second country in the world to legalize a statewide recreational cannabis market. The decision came by way of a 52-29 vote on Bill C-45, also known as the “Cannabis Act.” Bill C-45 […]
S&P 500 Snapshot: Down From Last Week
The S&P 500 was a bit of a roller coaster this week with three days of losses and two days of gains. The index was up 0.19% from Thursday but is down 0.88% from last week. The index is up 2.19% YTD and is 4.11% below its record close. The U.S. Treasury puts the closing […]
Bulls Seem Bulletproof
Last week, we discussed the flare-up in the “trade war” rhetoric as the current Administration doubled down with China. To wit: “On Monday, we woke to the “sound of distant drums” beating out the warning of a pending trade war as China vowed to retaliate to the $50 billion in tariffs imposed by the Administration on Friday. On Tuesday, U.S. futures […]
