Author Archive: Jeremy Parkinson
Tokyo Office Building Sells For 547 Bitcoin
Funding real estate transactions with bitcoin has already become an accepted practice in the US, so it’s unsurprising that it’s begun to take root in Japan, the only developed country that has explicitly legalized cryptocurrencies as legal tender. CCN reports that a Tokyo-based real estate firm is selling a commercial building for 547 bitcoin, or $6 million. It is said to be the first building in […]
Is The Market Near A Top?
According to the RSI, the Dow was the most bullish since 1904 three days ago and it has been up since then. With records being topped, it’s interesting to see a comprehensive look at a bunch of indicators. The macro model below does just that as it shows the periods since 1987 which were overvalued […]
EC Facebook, Apple, Google And Amazon’s Q4 Earnings
The picture emerging from the Q4 earnings season is one of all around strength and momentum. Not only is an above average proportion of companies beating top- and bottom-line expectations, but estimates for the current period are materially going up. With results from 26% of the S&P 500 members already out and another 24% on […]
World Dollar Debt Up 5.2% – World Euro Debt Up 10.5%
The Bank for International Settlements (BIS) has reported exactly what we have been warning about – the explosion in dollar-denominated debt outside the USA which means a rise in the dollar will see a massive debt crisis. The total volume of US dollar-denominated debt outside the US increased significantly. The BIS reported that the volume of […]
Steve Wynn Resigns As GOP Finance Chair
Confirming speculation from Bloomberg – which this morning published a piece entitled “Harassment Allegations Could Topple Wynn As GOP Fundraising Chair” – Politico is reporting that Wynn has indeed decided to step aside following reports about his decades-long history of settling dozens of accusations of rape and sexual harassment that was first reported yesterday by the Wall Street Journal. Las […]
FOMC, NFP Headline Next Week As USD Weakness Reigns Supreme
Talking Points: – This week was marked by a hastening in the sell-off around the U.S. Dollar. – Next week brings a loaded economic calendar, with high-impact U.S. data set to be released each day, Monday-Friday. Next week’s economic docket picks up considerably, with a heavy focus on U.S. data as we get high-impact USD prints each […]
Investors Ignore The $40 Billion In Q4 Write-Offs
On Thursday, stocks went from a gain to a loss as some investors wondered if the market would finally fall. Alas, the market righted the ship and it closed about flat. The biggest down days we’ve seen are when the market gives back some of its gains, but finishes close to even. The market has […]
3 Blockchain ETFs To Play The Blockchain Mega Trend
Since we launched our blockchain (stock) investing research service last month we got many questions from readers. There seems to be a lot of interest in blockchain ETFs which are a very defensive way to play the blockchain trend. Though the blockchain industry is very immature we already see the first blockchain ETFs come online. Apart from […]
WTIC Crude Oil Hovers Above Major Support
I last wrote about WTIC Crude Oil on December 26, 2017. The following monthly chart shows that /CL has since rallied to retest its bearish moving average Death Cross apex at $65.00 and is hovering above that price, as well as its 50-month moving average. If $72.00 is, indeed, in the cards, as I described in the aforementioned post (or even higher to retest $75.00 price resistance), it’s […]
