Author Archive: Jeremy Parkinson
Hew Home Sales Rebound In The South As Home Prices Plunge To 13-Month Lows
Following major disappointment in exiting-home-sales, May New Home Sales exploded higher, up 6.7% MoM (smashing expectations of 0.8% gain) helped by a major downward revision to April. New home sales were flat or negative in 3 of 4 regions: Northeast: -10%, Midwest: 0%, West: -8.7%, but South soared from 347K to 409K annualized, a 17.9% surge… […]
BTC/USD And BTC/JPY Forecast – Monday, June 25
BTC/USD Bitcoin markets lost 10% during the trading session on Friday, reaching down towards the $6000 level, an area that I have been talking about for some time. I think at this point, it’s become obvious that the market will eventually break down below that level, the question now is whether or not it’s going […]
Pfizer Innovates, & Collaborates For Health
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week the portfolio I’m building (my Safari To Sweet Success […]
Policy Interventions Don’t Eliminate Bear Markets Nor Conjure Productivity
China’s Shanghai stock index closed last week down 4% and nearly 19% since January 26 even as the government continues with a barrage of ongoing confidence suasion efforts,see Beijing paddles as bear market threatens: The so-called “national team,” an assortment of government-backed investment funds that often acts to stabilize the market, still owns nearly half a […]
Keeping It Together
All is well in OPEC land. OPEC kept it together with a unanimous deal even, though there is still disagreement on what the deal in Vienna means. Post OPEC, we have a rising dollar on China/U.S. trade tensions and a major Canadian oil sands outage that will buoy U.S. prices. The market soared on Friday as it […]
Early Signs Of Large-Cap Fatigue Spreading To Small-Caps, Tech
Signs of fatigue are showing up in US equities. It began with large-caps, and now there are early signs it is spreading to small-caps as well as tech. The small-cap switch was turned on right after Donald Trump was elected US president in November 2016. Since November 8 that year, the Russell 2000 small cap […]
Sensex Ends 219 Points Lower; Energy And Auto Stocks Witness Selling
After witnessing volatile trades during the day, Indian share markets ended their session on a negative note. Losses were largely seen in the oil & gas sector, auto sector and capital goods sector, while IT stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 219 points (down 0.6%) and the NSE Nifty closed lower by 59 points (down 0.6%). The BSE Mid […]
From Unicorn To Unicorpse: Domo’s Valuation Slashed Ahead Of IPO
Data analytics company Domo has recently filed to go public on the Nasdaq under the ticker DOMO. As a private company, it had raised close to $700 million and was valued at over $2 billion, qualifying it as a Billion Dollar Unicorn. But its recent filing for the IPO now values it at $510 million. Domo’s […]
Bears Getting Louder? Just Defer To The Charts
I hear the screams of the bears getting louder these days. With each and every down session (or two), the narrative of ‘a bear market is coming’ without much-hardened proof of such an event coming down. Oh sure, some day there will be a recession as we move back into a normal ‘boom/bust’ cycle, but […]
Chicago Fed: Slower Growth In May
“Index points to slower economic growth in May.” This is the headline for this morning’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) fell to –0.15 in May from +0.42 in April. Two of […]
