Author Archive: Jeremy Parkinson
Sector Rotation Shows A Slight Flight To Safety, From Risk
Another trading week is in the books, and though the market booked a modest loss in it, a slew of traders have chalked it up to (a) the calendar, (b) profit-taking, (c) pre-breakout jitters and (d) [insert your explanation here.] And, maybe they’re right. Maybe the broad market is just doing its usual back-and-forth […]
Chart: S&P 500 Sector Market Cap Weights
I was doing a bit of work on the US stock market in the latest weekly report (specifically on cyclicals vs defensives and small caps), and part of that analysis involved looking at market cap weightings… one chart in my library of charts stuck out as something worth sharing: S&P 500 sector market cap representation. There are […]
Study: Russell Has Gone Up 8 Weeks In A Row – Bullish For Stocks
Last week we published a study which demonstrated that when the Russell 2000 (small caps index) goes up 7 weeks in a row, the stock market’s future returns are very bullish. The Russell 2000 has now extended that rally streak to 8 weeks up in a row. When the Russell 2000 goes up 8 weeks in […]
Trade Threat Peak This Week? Bullish
The initial $50B of tariffs that the US issued on Chinese goods was quickly answered by China with their own set of $50B of targeted tariffs. What’s more interesting however is that the US’ latest threats of an additional $200B of tariffs have so far gone unanswered. That is meaningful. Cooler Heads? President Trump’s negotiating tactics have been far from meeting traditional political […]
EC Has Earnings Growth Peaked Already?
We still have a few more weeks to go before the big banks start reporting June-quarter results. But the Q2 reporting cycle has (officially) gotten underway, with results from 9 S&P 500 members already out. All of these early earnings releases are from companies that have fiscal quarters ending in May, but these get counted […]
Economic Data And Forecasts For The Weeks Of June 25 And July 2
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of June 25 June 25 Chicago Fed National Activity Index – May 0.40 0.34 0.37 New Home Sales – May 667K 662 665 Dallas Fed General […]
On The Verge. Or Not
Given what’s been going on in the crypto space the past six months (that is, catastrophe), I punched in the search term “#cryptogenius” in Twitter just to see what would come back. I thought it would be a bunch of snarky stuff about Altucher, but instead this tweet from January of this year was what popped […]
A Bullish Gold Stocks Forecast For 2018
There are an increasing number of signs that gold will outperform in the coming months and years. Not only is the gold chart suggesting a bullish gold prediction on the short to medium term, the more fundamental aspects are also underpinning a bullish gold outlook, one of them being rising inflation expectations for 2018 and 2019. All this […]
Latest US Trade Casualties: Nails, Whiskey, Cranberries, Lobster, And Autos Too
In Trump’s global trade war, the latest US casualties are whiskey, cranberry, nail, and lobster industries. Autos too. As Trump threatens tariffs on all auto imports from Europe, the EU Says It Will Respond. “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” EU Commission Vice President Jyrki Katainen […]
