Author Archive: Jeremy Parkinson
Lamborghini Delivers A Record Number Of Cars In 2017
For all the mixed economic data points we saw regarding the health of the economy, there is one segment that is alive and well and that’s luxury goods. Need any more proof than 3,815 Lamborghini’s? At $200,000 for a “base model” — if there is a such a thing — the emerging wealthy across the […]
Chinese Physical Gold Investment Demand Surges While Americans Pile Into Stock & Crypto Bubbles
Chinese demand for physical gold investment surged in the first three-quarters of 2017 while Americans ditched the shiny yellow metal for increased bets in the crypto mania and stock market bubble market. Even though China’s Hang Seng Stock Market outperformed the Dow Jones Index last year, Chinese citizens purchased the most gold bar and coin […]
Ternium SA Is A Strong Buy
Ternium, Orchid Island, and Mazda are STRONG BUY stocks. Welltower and Hikma Pharma are rated BUY. There were not five upgrades with full valuation and forecast coverage so Orchid, Mazda, and Hikma are included as a courtesy today. For today’s bulletin, we take a look at Ternium SA (TX ). Ternium S.A. manufactures and processes […]
Yuan-Na Bet? Germany, France Add Chinese Yuan To Currency Reserves
Last week, amid “rumors” that China was considering “halting” purchases of U.S. Treasurys, Bloomberg’s Richard Jones and later BofAML suggested the timing seemed awfully convenient. “The conspiracy theorist in me thinks the timing of this announcement is not accidental, and that the fact that Emmanuel Macron has been in China this week is not a coincidence,” Jones […]
Economic Policy Uncertainty On The Rise
What does it mean for economic activity? Figure 1: Daily US Economic Policy Uncertainty Index (blue), and centered 7 day moving average (bold red). Source:policyuncertainty.com accessed 1/15/2018, and author’s calculations. Does economic policy uncertainty matter for real activity. In a new CEPII brief, Laurent Ferrara, Stéphane Lhuissier & Fabien Tripier review the evidence in “Uncertainty Fluctuations: Measures, Effects […]
A Look At Equally-Weighted Views Of Dollar, Euro, Pound And More
There have been some extraordinary technical developments for some of the FX market’s most prominent crosses, and sometimes these moves are coming in contradiction to fundamentals. For some, the answer to reconciling this disparity is to simply drop one form of analysis completely. I think that is hasty and unproductive. The picture that we are […]
Another Indicator Suggests A New Mega Trend: Rising Interest Rates
We have stressed in recent weeks our viewpoint that interest rates (in the U.S., but also in Europe) could be doing something they have not done since 4 decades: rising in a secular bull market. We Welcome This New Market Trend: Interest Sensitive Markets Are Bullish (January 2018) Interest Rates: The Most Important Chart In 2018 […]
4 Airline Stocks To Ride On Bullish Q4 Unit Revenue Views
Stocks in the airline space are flying high lately on the back of improved unit revenue projections provided by the key sector players like JetBlue Airways (JBLU – Free Report) , American Airlines Group (AAL – Free Report) and United Continental Holdings (UAL – Free Report) . The bullish projections bode well for the sector with a deluge of fourth-quarter earnings […]
Former AIG Director Martin Feldstein Warns Of Stock And Housing Bubbles
That’s one of the things we learn from reading Robert Samuelson’s Washington Post column today, although Samuelson identifies Feldstein only by his professorship at Harvard, not his moonlighting work on AIG’s board. (In addition to requiring a massive government bailout during Feldstein’s tenure as a director, AIG was also rocked by an accounting scandal that forced the resignation of […]
Fiscal Implications Of The Federal Reserve’s Balance Sheet Normalization
from Liberty Street Economics — this post authored by Michele Cavallo, Marco Del Negro, W. Scott Frame, Jamie Grasing, Benjamin A. Malin, and Carlo Rosa In the wake of the global financial crisis, the Federal Reserve dramatically increased the size of its balance sheet – from about $900 billion at the end of 2007 to […]
