Author Archive: Jeremy Parkinson
The Threats To Global Recovery Are Economic – Not Political
The global economy enters 2018 with good momentum. Expectations for growth this year are rising in many countries, equities are hitting new highs and business confidence is buoyant. The worries around Brexit, the US elections, risks in the Chinese economy, and populism in Europe that loomed large 12-18 months ago have eased. Our “worry index,” […]
EUR/USD Surges On ECB; USD Weakness Steals The Show
Coming into this week, the ECB rate decision set for this morning appeared to be a pretty big event. This was the first rate decision for the bank in the New Year, and just the second since the ECB elected to extend their stimulus program into September of 2018. But already, we had started to hear the […]
Jobless Claims Rise Slightly Less Than Expected
Initial jobless claims saw their largest weekly increase since mid-December this week, rising from 216K up to 233K. While the 17K increase may be relatively large, you have to keep in mind that last week’s reading was not only the lowest weekly print since the 1970s, but it was also revised lower from an originally […]
Weekly Unemployment Claims: Up 17K, Better Than Forecast
Here is the opening statement from the Department of Labor: In the week ending January 20, the advance figure for seasonally adjusted initial claims was 233,000, an increase of 17,000 from the previous week’s revised level. The previous week’s level was revised down by 4,000 from 220,000 to 216,000. The 4-week moving average was 240,000, […]
South 32 Limited Aims To Get Things Right
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 my Safari portfolio seeks a company in the basic […]
Recent Increased Interest Rates Probably Won’t Derail Housing
In the last couple of weeks, long-term interest rates have moved significantly higher. As of yesterday, the 10-year bond closed at roughly 2.66%, its highest yield in 3 1/2 years. If this move is sustained for a few months, I expect it to have an effect on the housing market, but how much? Here is […]
Caterpillar Soars To All Time High After Beating Expectations, Boosting Guidance
When discussing yesterday’s release of Caterpillar retail sales, which soared the most in 6 years, we said if “CAT’s dealer sales statistics, traditionally released just one day before the company’s earnings report, are an indication of what to expect from the heavy industrial equipment maker, then CAT’s Q4 results will be a blow out.” Well, that’s precisely […]
They Call It The Streak
U.S. oil inventories continued to streak lower for a record-breaking 10 weeks in a row even as U.S. oil production is approaching record levels. Demand for oil remains outstanding even as refiners start the long descent into seasonal maintenance. Now, a weak dollar environment and more talk from Davos from the major oil players is […]
Iovance Biotherapeutics, Inc. Announces Pricing Of Its Public Offering Of $150 Million Of Common Stock
SAN CARLOS, Calif., Jan. 25, 2018 (GLOBE NEWSWIRE) — Iovance Biotherapeutics, Inc. (Nasdaq:IOVA), a biotechnology company developing novel cancer immunotherapies based on tumor-infiltrating lymphocyte (TIL) technology, today announced the pricing of an underwritten public offering of 13,043,479 shares of its common stock at a public offering price of $11.50 per share. The gross proceeds from the offering, […]
The “Honey Badger” Market
There is a LOT of optimism in the markets currently. But why shouldn’t there be? Speaking at Davos, the head of world’s largest hedge fund says “If You’re Holding Cash, You’re Going to Feel Pretty Stupid”. “We are in this Goldilocks period right now. Inflation isn’t a problem. Growth is good, everything is pretty good with […]
