Author Archive: Jeremy Parkinson
Gilead Upgraded To Buy From Hold At Jefferies
Jefferies analyst Michael Yee upgraded Gilead Sciences to Buy and raised his price target for the shares to $95 from $87. The drugmaker closed yesterday down 11c to $81.19. Gilead “has had it tough since 2015,” but he worst is “generally moving behind them,” Yee tells investors in a research note. The analyst sees consensus […]
Mnuchin Is Not Wrong: Secular Stagnation And The Value Of The Dollar
A couple of days ago Treasury Secretary Steven Mnuchin touched off a firestorm by saying something that is obviousy true. He said that a lower valued would reduce the trade deficit. As I pointed out yesterday, this is based on the radical concept of downward sloping demand curves. The idea is that when the dollar falls […]
Tilting Slightly Defensive In This Melt-Up Stock Market
The allocation between Owning, Loaning and Reserving will determine 80% to 90% of your portfolio return. Selections within Own, Loan and Reserve will determine the rest. OWN: The stock market Bull is very strong, but its sustainability is in question. Momentum is high, and profits are growing, but valuations are stretched and partially dependent of […]
A Note On December Existing Home Sales
First of all, sorry for the light posting this week. While existing home sales are about 90% of the entire housing market, they are the least important economically, because of their much more limited impact since they do not involve any new construction. That being said, December’s existing home sales, at 5.57 million annualized, were […]
GBPUSD Ended Wave (4) Correction
GBPUSD short-term Elliott Wave view suggests that the pair ended Intermediate wave (2) at 1.33 on 16 December 2017. Up from there, Intermediate wave (3) rally is unfolding as 5 waves impulse Elliott Wave structure where Minor wave 1 ended at 1.3613, Minor wave 2 ended at 1.3456, Minor wave 3 ended at 1.3943, Minor wave 4 ended at […]
Trump-Inspired Dollar Short Squeeze Fades Quickly
It was dramatic. Following the BOJ and ECB’s rather mild rebuke of dollar’s depreciation, US President Trump cautioned that his Treasury Secretary comments were taken out of context, and in ant event, he, the President ultimately favored a strong dollar. The dollar, which had continued fall after Draghi’s post-ECB meeting comments, shot higher in the US […]
Everything You Need To Know About Investing In Bank Owned Homes
Investing in bank owned homes has become synonymous with today’s greatest real estate strategies. Otherwise known as REO (real estate owned) properties, bank owned properties are just that: homes that are currently “on the books” of banks or traditional lending institutions. It is worth noting, however, that most banks would rather not hold on to any properties […]
Trump Helps The Dollar For Now
Trump Helps the Dollar for Now. Thursday was a dramatic day for the dollar. During the day, the currency dropped to the lowest level in three months against all the main currencies. Then, later in the day, Trump had an interview with CNBC where he appeared to walk back Steve Mnuchin’s support of a weaker […]
Theresa May: We’re “Very Seriously” Considering Action On Bitcoin
After the first round of Brexit talks coming to an unexpectedly smooth conclusion, Theresa May entered the new year grappling with members of her own party – notably Boris Johnson, her own foreign secretary – over a brewing crisis at the NHS. So, in what we imagine was a badly needed getaway, May seized the opportunity for […]
UK GDP Beats With 0.5% Q/Q – GBP/USD Remains Bid
The British economy grew by 0.5% in the last quarter of 2017, better than 0.4% that was expected. Year over year, and in this case for the entirety of 2017, the economy expanded by 1.5% against 1.5% that was projected. This is the first release out of three. GBP/USD was already on the up ahead of […]
