Author Archive: Jeremy Parkinson
US Small Business Optimism At Decade Highs As We Await GDP Report
People like Jeremy Grantham, Ray Dalio and Larry Fink are onto something when they talk about the stock market moving into overdrive because of economic growth. As we await the latest US GDP numbers tomorrow, all of the data are pointing up. And this portends well not just for tomorrow’s number but for Q1 2018 […]
Stocks To Trade: KEM, ALSN, JNPR
Friday’s stock picks: Long Kemet (KEM) Long Allison Transmission (ALSN) Short Juniper Networks (JNPR)
USDCAD Daily Analysis – Friday, Jan. 26
USDCAD remains in the downtrend from 1.2590, the bounce from 1.2281 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2200 area. Near-term resistance is at 1.2400, only break above this level will suggest that lengthier consolidation for the downtrend from 1.2920 is underway, […]
S&P 500 And Nasdaq 100 Forecast – Friday, Jan. 26
S&P 500 The S&P 500 has gone back and forth during the trading session again on Thursday, as it seems as if we are running into a bit of a brick wall. This is a market that is a bit overextended, so I would not be surprised to see a pullback. The US dollar started […]
EUR/USD: To 1.29 Or A Dip Before The Next Move?
EUR/USD topped 1.25 on Draghi’s weak jawboning but fell back down when Trump trumped up the dollar. What’s next? Here is their view, courtesy of eFXnews: EUR/USD: Flows To Drive Further M/T Strength; Valuation Models Point To 1.29; Dips A Buy – Danske Danske Bank Research discusses EUR/USD outlook and thinks that the pair is prone for further medium-term […]
E A Stable Genius Guide To 2018
The hour is getting late, as Bob Dylan told us while businessmen drank his wine and plowmen dug his earth, but never too late, dear reader, for our annual outlook. Our back-of-the envelope estimate for real fourth-quarter gross domestic product growth is an annual rate of 3.3%, higher than the consensus of 3.0%. The Atlanta […]
HH Korea’s Booming, Except It’s Not
Back in October, the Bank of Korea raised its economic outlook for the country. The central bank’s economic models foresaw rising fortunes, leading them toward a central tendency of 3% growth. At that level, Korea’s economy would be growing at the fastest rate in three years (what happened in between?). It was as much a […]
5 Asia Pacific Mutual Funds To Buy On Robust Growth
Asian stocks are back in the spotlight after major economies like China witnessed its fastest economic growth in seven years, while Japan registered two straight years of economic expansion. The sentiment surrounding Japan’s economic performance for this year also remains upbeat after manufacturer confidence reached an 11-year high and exports rose for 13 consecutive months. […]
A New Bull Market In Commodities Is Emerging
We’ve all watched in amazement while the equities markets around the world have risen to new highs. On Wall Street hardly a week goes by without a new record. There comes a time however when a sector becomes so overbought, that smart money begins to leave and search for a sector that has been overlooked. […]
What The Hell Is Going On With Asset Prices?
Tiho Brkan (@tihobrkan) tweeted out the following chart noting that yields on European junk bonds are now less than the yields on European equities. Tiho believes this has never happened before. In a related note, my brother and I were having a conversation over the weekend about how much equities have gone up and the […]
