Author Archive: Jeremy Parkinson
PPI Declines First Time Since August 2016
Producer prices unexpectedly declined in December. Trade services fell a steep 0.6 percent. The BLS reports the Producer Price Index for final demand fell 0.1 percent in December, seasonally adjusted. On an unadjusted basis, the final demand index climbed 2.6 percent in 2017 after a 1.7 percent rise in 2016. Goods Highlights Prices for final […]
Energy Sector Predictions For 2018
Look for U.S. oil production to reach a new record high in 2018. Also look for the patience of Tesla investors to be tested this year. The energy recovery is well underway. President Trump continues to roll back regulations aimed at boosting oil production and saving the coal industry. How might this all play out […]
Buffett: Huge Tax Cut Isn’t Baked Into Market
Warren Buffett believes that the corporate tax reform is very bullish for the US stock market, and more importantly, isn’t fully priced in to stock prices. “The tax act is a huge factor in valuation,” he said on CNBC’s “Squawk Box” on Wednesday. “You had this major change in the silent stock holder in American business who […]
EUR/USD Risks Larger Rally As ECB Pledges To Alter Forward Guidance
EUR/USD appears to be making another run at the September-high (1.2092) as the European Central Bank (ECB) strikes an upbeat tone and warns ‘the Governing Council’s communication would need to evolve gradually.’ The account of the December monetary policy meeting suggests the ECB will stay on its current course to wind down the quantitative easing […]
Billion Dollar Unicorns: Improbable Joins The Club
According to a Research and Markets report, the global Massively Multiplayer Online (MMO) games market was worth $26.9 billion in 2016 and is expected to reach $44.6 billion by 2022 at a CAGR of 8.9%. Based on the success of its platform SpatialOS that enables creation of simulations and virtual worlds for video games and […]
China Doesn’t Want UST’s? I’ve Heard That Somewhere Before
For quite a long time I obsessed over November 20, 2013. It was a day that for the vast majority of humanity was like any other, nothing too far out of normal and certainly nothing that would seem to mark it for remembrance. But in my realm of yield curves and interest rate swaps, the […]
KeyBanc Says Sell Akami With Takeover Seen As Unlikely
Shares of Akamai Techonologies (AKAM) are sliding after KeyBanc analyst Brandon Nispel downgraded the stock to Underweight, a sell-equivalent rating, saying he sees a takeover as unlikely and believes the stock’s valuation is “elevated.” Yesterday, his peer at JPMorgan had raised his price target for Akamai after analyzing the company’s strategic alternatives following activist Elliot […]
High Yield Dividend Champion Portfolio – January Update
The High Yield Dividend Champion Portfolio is a publicly tracked stock portfolio on Scott’s Investments. The goal is to capture quality high yield stocks with a history of raising dividends. The screening process for this portfolio starts with the “Dividend Champions” as compiled by DRIP Investing. The list is comprised of stocks that have increased their dividend payout for […]
Will Chinese Dragon Boost Or Devour Gold?
China may slow down its U.S. debt buying. Will gold rally or plunge, then? Dragons Love Hoarding Gold and Not Only Dragons love gold. In Greek mythology, dragons were set by the gods to guard golden treasures. It makes perfect sense, since it would be rather difficult to find better guards. Everybody who watched The […]
Carnage In Cryptocurrencies: South Korea Exchange Raids, Trading Ban Prove Governments Are Serious
Listen, South Korean President Moon Jae-in wants you to know that he hasn’t decided whether or not to shutdown cryptocurrency exchanges yet. See that’s just “one of several” measures he’s considering. Or at least that’s what his office told Bloomberg via text message on Thursday. But while Moon insists nothing is finalized, the writing has been […]
