Author Archive: Jeremy Parkinson
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 […]
“Exceptional”, Record-Smashing 30Y Treasury Auction, Sends Yields Tumbling
Well, if China isn’t buying US Treasurys, someone else certainly is. After yesterday’s stellar 10Y reopening auction, today’s just-concluded sale of $12 billion in 29-year, 10-month paper was an absolute record breaker in terms of foreign demand for the ultra-long end. The Auction stopped at a yield of 2.867%, stopping through the When Issued 2.888% by a […]
5 Best Stocks With Impressive Sales Growth Worth Buying
Investors often fail to think through sales growth as a dependable metric when it comes to picking winning stocks. This might be because of their preconceived notion that a company’s stock price is typically sensitive to its earnings momentum. However, betting on stocks completely depending on such a perception may not prove worthwhile. It’s worth […]
Bitcoin Is Worth Far More Than Its Price
Bitcoin hit its highest price ever in the past few months, going over $19,000 for a brief moment. In just one week, the cryptocurrency then crashed down more than 30 percent. The topic has made it to mainstream news, and almost everyone has a take on it. Although many people on the Internet claim that they can […]
Are Crude Oil Prices Becoming Immune To Geopolitics?
Oil seems immune to what in the past — artificially, effectively and quickly — caused a surge in its prices. Recent OPEC cuts have had little (or no) effect on the market. The sanctions from Saudi Arabia (and other countries in the Persian Gulf) on Qatar were barely noticed. Unlike all NYSE indexes, that show a […]
