Author Archive: Jeremy Parkinson
Something Strange In A Strange Credit Indicator
As I was going through and updating the various indicators that I monitor something in the credit space surprised me. The NACM CMI (think of this as the credit manager’s version of the ISM PMI), saw a major drop in a number of its key sub-indexes in the December report. The chart comes from a wider discussion […]
Sensex Ends Day In Red; Realty Stocks Top Losers
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day on a dull note. Losses were seen across most sectors with stocks in the metals sector and stocks in the realty sector, leading the losses. While stocks in the IT sector gained the most. At the closing bell, the BSE Sensex stood lower […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Jan. 16
WTI Crude Oil The WTI Crude Oil market initially dipped during the trading session on Monday, but turned around to rally towards the $65 level. This is a market that continues to show a significant amount of buying pressure, but Monday was of course very thin as far as the volume is concerned, as Americans […]
EUR/USD: Increased Risk Of A Trend Line Breakout
Previous: On Monday the 15th of January, trading on the euro closed up. The euro jumped to 1.2297 on the back of a declining US dollar as well as remarks from ECB governing council member Ardo Hansson. Hansson said that the ECB should be able to end its asset purchasing program in one swoop without any […]
Treasury ETFs In Focus As Yields Rise
Inflation in the United States seems to be rebounding. Moreover, U.S. equities have been rallying on strong economic fundamentals, leading to an increase in investors’ risk appetite and reallocation of funds from bonds to equities. Bond prices move inverse to bond yields. What’s Moving Yields? Consumer prices increased at the strongest pace in 11 months. […]
USD Slide Pauses
Recent sharp falls in the USD appear to have paused with the currency of first reserve now finding some support at the 90 price region on the DXY index. But any breakthrough here would see the USD tumble down to test 85, and perhaps even 80, two significant levels that have played an important part […]
Is GoDaddy Inc A Good Stock To Buy In 2018?
GoDaddy, Inc. (NYSE: GDDY) is Arizona-based web hosting and domain name registration company, having a market cap of more than $8 billion. The ‘digital real estate giant’ provides domain name registration, web hosting, cloud business apps, and online marketing services, currently serving around 17 million customers worldwide and managing more than 72 million domain names. The company generated a total revenue of $1.85 billion in […]
Eli Lilly Downgraded To Neutral From Buy At Goldman Sachs
Goldman Sachs analyst Jami Rubin downgraded Eli Lilly (LLY) to Neutral and cut her price target for the shares to $95 from $98. The drugmaker closed Friday up 59c to $86.98. The analyst continues to like Lilly’s long-term setup given its “diversified topline and margin expansion story,” but she believes this thesis is now […]
Will Centralized Entities Ruin The Decentralized Party?
One of the key aspects of the crypto boom that keeps bothering me is the inherent conflict between centralized entities and decentralized entities.¹ For instance, let’s think about Bitcoin. Bitcoin is a supposedly useful form of money because it’s decentralized and no one can manipulate it. Then again, I’ve argued that Bitcoin’s biggest weakness is its decentralized […]
