Author Archive: Jeremy Parkinson
Visualizing A Global Shift In Wealth Over 10 Years
The world has now accumulated $215 trillion in private wealth, a 12% increase over 2017, according to the latest report by market research company New World Wealth. This number today includes wealth held by the general population, as well as the 15.2M millionaires ($1M+ in assets), 584,000 multi-millionaires ($10M+ in assets), and 2,252 billionaires ($1B+ in […]
Crude Oil, Gold Price Rebound May Fizzle On UK And US GDP Data
Talking Points: Crude oil, gold prices drop as President Trump boosts the US Dollar UK, US GDP data may upend commodities’ rebound in risk-on trade Commodity prices retreated yesterday – with crude oil and gold dropping in tandem – as the US Dollar staged a sudden recovery following supportive comments from President Donald Trump. He said that he favored an “ultimately” stronger greenback, contradicting […]
ECRI Weekly Leading Index Update: Record Highs Continue
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 151.5, up 1.1 from the previous week and at another record high. Year-over-year the four-week moving average of the indicator is now at 3.08%, up from 2.62% last week. The WLI Growth indicator is now at 5.8, up from […]
Abbvie Earnings Drive Biotech Stocks Higher With Large Caps Dominant
Biotech stocks soared again today to new highs driven by Abbvie Inc.(ABBV) earnings and overall sector strength. Momentum was strong in the general market with NASDAQ up 1.28% and the S&P up 1.18%. The M&A theme should be the driver in 2017. Mid-caps were also strong with notable momentum in Intercept Pharmaceuticals (ICPT) up 5.15%, Neurocrine Biosciences […]
Despite Modest WW Loss, Dryness & Demand Cut US 2019 Stock
2018’s January US winter wheat seedings provided a new surprise to the market. Instead of this year’s US producer survey showing a significantly lower-than-expected planting level than the trade’s estimate like 28 out of last 29 years, this month’s seedings were 1.5 million higher and only 88,000 acres less than last year. (see Jan. 16 update) US winter wheat […]
This Is What Market Madness Looks Like
2018 has seen something unusual happen… As stocks have soared, so the implied volatility of the S&P 500 has also – very unusually – risen… In fact VIX and the S&P are up for 3 straight weeks – the longest streak since Feb 2013. Typically this is interpreted negatively as it would seem people are […]
Where Did The January Effect Go?
Small-cap stocks typically outperform in January. Investors call this the January Effect. The rationale for such an effect is simple. Near the end of the year, investors dump many of their smaller stocks to spruce up their portfolio holdings and cut some losses for tax harvesting. Then in January, investors reallocate their funds and pour them back into many […]
Is GBP/USD About To Peak?
The prospect of a Brexit deal this year, U.S. dollar weakness, risk appetite and stronger U.K. data helped propel GBP/USD above 1.43 making sterling the second best performing currency this week. Public sector finances beat expectations, earnings grew at a faster pace in November after a strong October and GDP growth accelerated in the […]
