Author Archive: Jeremy Parkinson
Ford Truck Sales Nearing Record Pace
While it got lost in the shuffle of other things yesterday, we wanted to provide a quick update on the latest monthly sales figures of Ford F-Series trucks through the month of April. Sales of trucks are important for two reasons. First, as evidenced by the recent announcement by Ford that it would stop producing most car […]
The Rules For Exercising Options
You probably know that a Call option gives you the right to buy a stock at a fixed price, and that a Put option gives you the right to sell a stock at a fixed price. These rights are what give the option its value. When you take advantage of these rights it is called exercising […]
ISM Manufacturing Misses Estimates
Peak Economic & Earnings Growth? The debate among investors is whether growth has peaked. I think economic growth peaked in 2017. The blue chip average is at 3.1% growth for Q2, so that’s not settled yet. The main problem with the 2018 economy is expectations were so high headed into it. If 2018 growth is […]
E Tesla’s Whisper Number Showing Confidence
Tesla (TSLA) is expected to report earnings today after market close. The whisper number is -$3.42, sixteen cents ahead of the analysts’ estimates and showing confidence from the WhisperNumber community. A year ago the company reported earnings of -$1.33, sixty-two cents short of the whisper number. Tesla has a 45% positive surprise history (having topped […]
Spotlight Soybeans: Bunge CEO “China Deliberately Not Buying US Products”
In its trade dispute with the US, started by Trump, China is deliberately not buying US products. Bunge Ltd. CEO Soren Schroder told Bloomberg on Wednesday China has essentially stopped buying U.S. supplies amid the brewing trade war. Bunge is the world’s biggest oilseed processor. “They’re buying beans in Canada, in Brazil, mostly Brazil, but very deliberately not […]
Housing Is Not In Short Supply
Housing costs are rising, both for home prices and rents. Does this mean that new construction is too low, or is this just a financial phenomenon? Home prices across the country have increased by 6.3 percent in the past year, compared to a long-run average of 4.6 percent. Rents increased by a lesser 3.6 percent, […]
Powell Has A Plan
It’s never easy being a central banker. Too many of us, with the benefit of hindsight, look back and proclaim judgment on policies they took (or didn’t take) often forgetting that the future is never easy to predict. I am by no means innocent of this charge. I take potshots at central bankers all the […]
‘Bonds, Bonds, Everywhere!’
So Steve Mnuchin is going to sell some debt, ok? And he’s going to be selling a lot of it. That’s because world-renowned economist Donald Trump has decided that contrary to theory and also contrary to common sense, he’s going to go ahead and pile a deficit-funded tax cut and all manner of other fiscal […]
Japan’s Longer History With Bull
File it under the things they wish you would never find out. On March 25, 2003, two years into what was supposed to be a temporary intervention, the Bank of Japan gathered for another policy meeting to discuss what they might do. They had launched the world’s first ZIRP in February 1999, ended it August […]
Retirement Savings Deficits Will Balloon In Next Bear Market
Retirement savings shortfalls are not a new problem, they have been visible on the horizon for at least the last 20 years. Willfully blind workers and savers have been misled by dishonest projections from financial sales firms and academics that have collected fees and refused to address the underlying problem of savings deficits. Lance Roberts […]
