Author Archive: Jeremy Parkinson
Oil To $80
More folks are joining the call for $80 a barrel of oil in the new year, a level I had previously predicted would happen, assuming OPEC and Non-OPEC would keep their production cuts in place. Now with news coming out of the World Economic Forum, in Davos Switzerland, there is a lot of things happening […]
A Market Valuation That Defies Comparison
Comparing current equity valuations to prior valuation peaks such as those of 2008, 1999 or any other period is commonplace, but remains an essential way of assessing current market prospects and potential risks. Currently, seven of the eight traditional valuation techniques shown by Goldman Sachs below are in the upper strata of recent history. The […]
Sensex Finishes On A Flat Note; Idea Plunges 5% On Weak Q3 Performance
Indian share markets finished on a flat note after a five-session record-setting spree as profit booking was witnessed in metal stocks, capital goods stocks, consumer durables stocks, and power stocks ahead of January month expiry in the derivatives segment At the closing bell, the BSE Sensex closed higher by 22 points and the NSE Nifty finished higher by 3 points. The S&P BSE Mid Cap finished down […]
Global Fixed Income: Putting A Bow On 2017
One month into the New Year and we’ve already seen some interesting—some might even say unexpected—developments in the bond market. Before we get too far into 2018, I thought it would be a useful exercise to offer a final review of how the major fixed income asset classes fared for 2017, in a sense providing […]
Is A Weaker Dollar A Plus For US Economic Growth?
Treasury Secretary Steven Mnuchin says that a softer dollar will juice US economic growth. Speaking at the World Economic Forum in Davos, Switzerland, he advises that “obviously a weaker dollar is good for us as it relates to trade and opportunities.” Does that mean that tracking the dollar’s value in foreign exchange markets offers insight into projecting […]
Qualcomm Slapped With €1 Billion EU Fine For Secret Agreement With Apple
After issuing a record €2.42 billion ($2.71 billion) fine against Google for “abusing its dominance in search” in June 2017, Margrethe Vestager, the European Union’s antitrust commissioner, slapped US chipmaking giant Qualcomm with a €997 million ($1.23 billion) antitrust fine Wednesday after it declared that the company’s arrangement for Apple Inc. to exclusively use its chips in its smartphones […]
USD/CAD: Will It Bounce From These Lows?
Dollar/CAD fell on Mnuchin’s endorsement of a weaker US dollar. But are the falls limited due to NAFTA? Here are two opinions: Here is their view, courtesy of eFXnews: USD/CAD: Some Cracks Starting To Show In CAD Performance; Where To Target? – CIBC CIBC Research discusses USD/CAD outlook, and notes that “some cracks are starting to appear in […]
Health Insurers Bask Under Rising Insured, Medicare Business
Despite industry disruptions, health insurers have managed to keep on their feet over the past year of disruptions. Rising enrollment and top-line growth, development of ancillary business, product modifications, improved service, demographic changes, expansion of international operations, better claims handling, growth of new business units, mergers and acquisitions and a strong capital position have better […]
USD/CAD Is Below The Chuvashov’s Fork
Overnight support was found on Oil, as prices have begun to rise once again. This is positive for CAD relative to USD. The USD/CAD is currently below both Weekly and Daily L4 support levels, indicating a strong downtrend. At this point, we can see that the price is trapped below the Chuvashov’s fork (magenta trend […]
Above The 40 – An S&P 500 Back To Overbought And Ripping
AT40 = 70.5% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought periodAT200 = 66.0% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH)VIX = 11.1Short-term Trading Call: bullish Commentary The S&P 500 (SPY) made another all-time high as it continued its remarkable melt-up through its upper-Bollinger […]
