Author Archive: Jeremy Parkinson
June 2018: ECRI’s WLI Growth Index Rate Slight Improvement
ECRI’s WLI Growth Index which forecasts economic growth six months forward remains in expansion. ECRI also released their coincident index this week. Analyst Opinion of the trends of the weekly leading indices Even with the general downward trend in this index over the last 6 months, the forecast is for modest growth six months from […]
EC Are You Prepared To Invest In Troubled Times?
Market “fixes” fuel wealth/income inequality which feeds political and social instability. There are two Grand Narratives about the U.S. economy and asset markets: the mainstream narrative is that nothing is fundamentally wrong with the economy, and so no structural changes (and the sacrifices such changes entail) are needed. In this narrative, the only problem that needs […]
Noodles & Co – Chart Of The Day
The Barchart Chart of the Day belongs to Noodle & Co (NDLS). I found the casual dining restaurant stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 5/10 the stock […]
Most Active Equity Options And Strikes For Midday – Friday, June 22
Top tickers for midday: BAC, BP, AAPL, MU, GE, TSLA, FB, HAL.
Further Early Confirmation On PBOC Intentions
The level of Chinese bank reserves fell again in May 2018. Year-over-year, what is technically classified as Deposits of Other Depository Corporations on the PBOC’s liability (money) side of its balance sheet contracted by 1%. This advances a very different trend for reserves, breaking what had been a more continuous and determined effort toward at least minimal […]
Don’t Worry About A Bear Market, Plan For It Instead
Fears about a potential trade war between the U.S. and China are creating lots of concern among investors lately. It’s hard to tell if this will be a major economic headwind or just a reasonable renegotiation of trade agreements between the two superpowers. In any case, markets hate uncertainty, and trade war fears are an […]
7 Out Of 7 Firms Have Beat Q2 Earnings Estimates
Weak Existing Home Sales The new home permits, starts, and completions were all strong in May, but the existing home sales have been flat at best this year. The seasonally adjusted annual rate of existing homes sales was 5.43 million in May. This was below the consensus for 5.5 million. As you can see from […]
Deutsche Bank Could Spell Economic And Financial Chaos?
Before declaring bankruptcy, Lehman Bros. had $639 billion in assets. It was thought to be too big to fail. Currently, Deutsche Bank has almost triple those assets, $1.7 trillion, but its future is in question. The bank’s net income plummeted by 80 percent from its 2017 level. The Federal Reserve has labeled Deutsche Bank’s US operation as […]
Market Cap To GDP: An Updated Look At The Buffett Valuation Indicator – Friday, June 22
Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001, he remarked in a Fortune Magazine interview that “it is probably the best single measure of where valuations stand at any given moment.” The four valuation indicators we track in our monthly valuation overview offer a […]
Green light for AT&T’s purchase of Time Warner
On June 12, a federal judge approved telecommunications giant AT&T’s takeover of Time Warner in a rebuke to the US Justice Department. The deal, worth $85bn, has sparked fears of a frenzy of media acquisitions that would make the market less competitive. The Department of Justice’s attempt to block the merger drew suspicions of political […]
