Author Archive: Jeremy Parkinson
The Baton Is Passed To Banks And The Russell 2000
Video length: 00:08:40 Stocks take off to new all time highs led by banks and the small cap stocks. The message in tonight’s video newsletter update is don’t fight the trend. Don’t be the bear standing on train tracks thinking the train will stop because you’re standing on its way! Watch tonight’s video to find […]
6 Stocks To Buy As Rate Hike Stokes Inflation Fears
Major benchmarks closed in the red on Wednesday with the S&P 500 snapping its six day stretch of gains. Such losses came about even as the yield for the benchmark 10-year U.S. Treasury Note moved higher. A section of market watchers attributed these losses to profit taking, but others believe that they were a fallout […]
The Philly Fed ADS Business Conditions Index Update – Thursday, Jan. 11
Note: We’ve updated our periodic look at the Philly Fed ADS Index today’s release, which includes jobless claims through January 6. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, […]
Some Thoughts On The Walmart Minimum Pay Increase
One of the top news items today was an announcement by Walmart that it plan to raise the minimum pay for some employees to $11 an hour. US President Donald Trump is already touting this move on Twitter as “a result of our TAX CUTS & JOBS ACT!”. I think this is genuinely good news for […]
December 2017 Producer Price Final Demand Year-Over-Year Inflation Moderated
The Producer Price Index year-over-year inflation declined from 3.1 % to 2.6 %. Analyst Opinion of Producer Prices The Producer Price Index moderated year-over-year. Here is what the BLS said in part: Most of the December decline in the final demand index is attributable to a 0.2-percent decrease in prices for final demand services. The […]
ETF Indicator Hits Century Mark
More room on the upside for consumer confidence. So, you’ve had more than a week to sweat out all those New Year’s spirits. It’s time, though, to break out the bubbles again to celebrate a key sentiment indicator reaching the century mark. No, the indicator’s not a hundred years old. It has just gained a […]
Traders Ramp Oil Prices As Aramco Underwriting Fees Dangle Ahead
Oil is bouncing again, with the price of a European Brent barrel passing $70 today–more than doubling since 2014, and WTIC above $64 for the first time in more than three years. Speculators are piling on, spiking volatility and price instability. The Saudis have said they want oil about $60 a barrel to meet their […]
Room To Run In Public & Private Non-Residential Spending
Yield Curve Expected To Flatten The latest difference between the 10-year bond yield and the 2 year bond yield is 58.44 basis points. That’s about 8 basis points of steepening from the bottom on January 4th. The CME website shows the next likely rate hike will be in March as there’s a 1.5% chance of […]
Where’s The Resistance On The Dow 30 Index?
Since the December 8, 2016 U.S. Presidential election, the Dow 30 Index has gained around 42.57%, as of 2:00 pm ET today (Thursday). It also crossed above a new all-time high of 25,500, as shown on the two Daily charts below. The following Monthly chart shows that price is trading in between support (25,125) and resistance (26,702), namely two external Fibonacci retracement levels. […]
My Financial Road Map For 2018
Happy New Year to all of you! In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short term rates have remained around zero. That will be a core pattern […]
