Author Archive: Jeremy Parkinson
E The Broad Markets Are Selling Off Sharply Today
The broad markets are selling off sharply today, and this is putting additional pressure on everything else. Major markets are trading well-below their lower Bollinger Bands, and this feels like panic selling. This type of prices action typically leads to (at least) a short-term low. -VIX- The VIX is up 39%. -SPY- Prices gapped […]
E The Full Employment German Economy Continues To Be The Eurozone’s Economic Engine
The Full Employment German Economy Continues To Be The Euro Zone’s Economic Engine. But Trade Worries Weigh Heavily On The Government And The Firms “With its specialization in capital goods, Germany has benefitted from the broad-based global upswing. In the context of high capacity utilization and easy credit, this has promoted strong machinery and equipment […]
New Home Sales Surge, Prices Down, Revisions Negative
New home sales beat economists expectations. But the surge was entirely in the South. New home sales are an interesting mix this month. Sales are up 17.9% in the South, flat in the Midwest, down 8.7% in the West, and down 10% in the Northeast. Mortgage News Daily reports New Home Sales Up Sharply; Prices Slump. […]
33 Firms Going Ex-Dividend Next Week, Including Cardinal Health, Humana And Ventas
There are several well known large cap stocks going ex-dividend next week including the following four Top 100 Dividend Stocks: Cardinal Health, Realty Income, State Street and Ventas. Ex-dividend dates are important to dividend investors because one must own a stock on its ex-dividend date in order to be eligible to receive its next dividend. Any stock ranked by […]
VIX ‘Curve’ Inverts As Traders Carry Biggest Short Vol Position Since Feb Crisis
VIX is spiking this morning, back above 16 for the first time since May… and inverting the term structure… For the first time since April… This surge is coming right after Large Specs have rebuilt the largest net short vol position since the Feb XIV collapse. Is the next short-vol-squeeze coming?
JPMorgan: Buybacks Were Behind The Outperformance Of US Equities During Q2
Ok, so part and parcel of the bull thesis for U.S. equities going forward is the assumption that the buyback tailwind (created in part by the tax cuts) will act as real-life plunge protection come hell or high tariffs. That contention was seemingly borne out in February when Goldman’s buyback desk had its most active two-week […]
New Home Sales Up 6.7% In May, Better Than Expected
This morning’s release of the May New Home Sales from the Census Bureau came in at 689K, up 6.7% month-over-month from a revised 646 K in April. The Investing.com forecast was for 667K. Here is the opening from the report: Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, […]
New Danish minister takes hard line on country’s biggest bank
On April 24, Denmark’s new business minister signalled he would take a hard line on allegations of money laundering, making reference to the country’s largest lender, Danske Bank, which is embroiled in a scandal stemming from one of its Eastern European branches. Danske Bank had been under investigation by financial regulators in both Estonia and […]
If Bitcoin’s Rise Was Bad For Gold, Will Its Fall Be Good?
After an artificial pause in 2017, US government debt has resumed its inexorable climb… …the dollar has fallen by around 5%… … and inflation – even the massaged-beyond-recognition Consumer Price Index (CPI) – has shifted to a higher gear, driven by rising oil. All of which should be great for gold, right? Well, not so much. It’s almost […]
US Vs The World: Two Different Ends Of The Spectrum
No matter where in the world you’re invested, if you’re an equity investor, odds are that last week wasn’t a particularly good one. We’ll start with the US. The graphic below is from our Trend Analyzer tool and shows the performance and trading range levels for all of the major US index ETFs. As shown in the […]
