Author Archive: Jeremy Parkinson
Let The Currency Wars Commence: Amid USD/JPY Slide, One Bank Asks What’s Next
So one of the things we spent quite a bit of time on Thursday was what the ongoing slide in the dollar, supercharged this week by Steve Mnuchin’s tacit reiteration of Trump’s adversarial trade stance, means for the ECB and the BoJ. Mario Draghi’s not-at-all veiled reference to Mnuchin in Thursday’s post-meeting presser was a clear indication […]
One Thing Leads To Another
Let’s face it, the trend for the US Dollar is pretty clear. Trump’s weird little missive about a strong dollar yesterday was just a blip. Now, let’s see, if the dollar gets weaker then…
USD Shocker Plus Gold’s Mutiny Equals Epic Opportunity
In yesterday’s alert, we wrote that the situation could change quickly and that in such a case, we would send another alert. Six minutes after yesterday’s opening bell, we already posted the second alert. And for a very good reason. The USD Index took a deep dive and metals were not even close to reacting in […]
3 Things I Think I Think – Wrong!
This is definitely my favorite Donald Trump GIF: via GIPHY In keeping with that spirit, here are some things I think I am thinking about: 1. “The US economy is booming” – WRONG Here’s Donald Trump talking about the “booming” state of the US economy: Will soon be heading to Davos, Switzerland, to tell the […]
US GDP Growth Trails Estimates In Q4 But 1-Year Trend Picks Up
Economists were looking for a 2.9% rise for GDP in today’s fourth-quarter report, according to Econoday.com’s consensus forecast. The actual number, the Bureau of Economic Analysis advised, was softer than expected, decelerating to 2.6% — the slowest since the weak 1.2% gain in 2017’s Q1. The latest rise is still a decent number, although no one’s popping […]
The “Must Own” Sector For 2018
Get ready for the cost of daily life to go up. As you can see from the chart below, the Commodity Research Bureau (CRB) Index just hit its highest point since 2015. That’s because the world isn’t looking at natural resources today. Speculators want marijuana, tech, cryptocurrencies … that’s where the giant gains get all the press. However, staples like food, gasoline, and […]
Weaker Than Expected GDP: Mixed Bag Or Worse?
Fourth Quarter real GDP came in at 2.6%. Nowcast estimated 3.9%, GDPNow 3.4%. Let’s dive into the report. The BEA estimates the Advance Estimate of Real GDP for the fourth quarter at 2.6%. The figure is well below estimates by Nowcast, GDPNow, and Econoday (3.9%, 3.4%, 2.9%) respectively. Percentage Point Contributions Personal Consumption Expenditures (PCE): +2.58 Fixed […]
Owens & Minor Inc.: Irresistible Yield, Irresistible Valuation
Introduction Recently, I have had several requests to write an article about Owens & Minor Inc (OMI). I had not looked at this company in a while, and boy oh, boy, was I surprised at what I found. Owens & Minor is on the “Dividend Contender” list produced by David Fish. Owens & Minor has raised […]
US Rig Count Soars Most In 10 Months As Production Hits Record High
US rig counts rose by 12 in the last week – the biggest rise since March 2017 – as the lagged crude price is sparking more drilling and in turn sending production surging to a new record high… just shy of Saudi Arabia! US crude production surged back from its weather-impacted plunge to a new record high […]
E Style Index Rotation
Is it better to be a value investor or a growth investor? Last year growth indexes nearly doubled the performance of value indexes, but in 2016 value beat growth by a wide margin. Instead of being locked into one philosophy, it is best to employ a strategy that allows investors to rotate to whatever style […]
