Author Archive: Jeremy Parkinson
Stocks Hit A Record 6 Straight Days To Start The Year
386 Days Above The 200 Day Moving Average The record for consecutive new highs to start a year has been tied in the Nasdaq and the S&P 500 as stocks rallied again on Tuesday. As you can see from the chart below, the S&P 500 is in the 2nd longest streak where it has been above […]
Scoop Up These 4 Chemical Stocks For Stellar Returns
The U.S. Chemical is witnessing continued investments, strengthening export markets and robust demand across key-end markets like electronics, automotive and construction. These factors have helped the industry outpace the broader market over the past year despite many headwinds including sluggishness in China, weak demand in agriculture and damaging effects of the hurricanes. Industry Performance The Zacks […]
Market Talk – Wednesday, January 10
A mixed trend within Asian trading as the Nikkei, ASX and SENSEX whilst gains were registered in the Hang Seng and Shanghai. That said, volumes were light but the negative trend was supported by the positive move in the Japanese Yen. The currency traded back to the low 111’s as speculation that the BOJ removing […]
Netflix, Inc. Stock Soars To Another Record High
Netflix, Inc. (NFLX) stock is back on a steady upward march on Wednesday after ending Tuesday in the red. The year started with a rerun of the rumor about Apple buying Netflix, but analysts who are truly bullish on Netflix stock see plenty of other reasons to buy it despite the nosebleed valuation. jgryntysz / Pixabay […]
Dip-Buyers Dominate As Bonds, Stocks, Dollar Shrug Off China Threats
The day started off with some excitement… But by the close all was forgotten… China put the fear of god into a few bond traders this morning…(30Y spiked 5bps higher only to close down 1bps on the day) And prompted the herd-like response proclaiming that this is it – bond yields are blowing out. However, […]
Weekly Heating Oil Prices – Wednesday, Jan. 10
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.18, up eleven cents from last week and up […]
December 2017 Headline Wholesale Sales Improved – Wednesday, January 10
The headlines say wholesale sales were up month-over-month with inventory levels remaining elevated. Our analysis essentially agrees. Analyst Opinion of this month’s Wholesale Sales The improvement this month in the headline data was primarily due to durable goods. Overall, I believe the rolling averages tell the real story – and they improved this month. The […]
‘If Someone Powerful Wanted To Push The VIX Up’: Is This Why China Is ‘Halting’ U.S. Treasury Purchases?
How big of a deal was today’s “big” news out of China regarding the future of U.S. Treasury purchases? Well, that depends on who you ask and, to a certain extent, when you ask them. There’s something invigorating about a notable story crossing the wires first thing in the morning, so the tone of the early chatter […]
They’re Back – Long Live The Bond Vigilantes!
Most of today’s stock speculators don’t remember the bond vigilantes and wouldn’t even recognize one in the flesh. They were just too scary to have been a character on Sesame Street. But last night some strange riders were spotted galloping eastward from China and Japan. While their visage may be somewhat foggy to the uninitiated, the boys and girls on Wall Street are about […]
The GOP’s Tax Reform Offers No Relief From The Inflation Tax
The Tax Cuts and Jobs Act (TCJA) signed into law on December 22, 2017, promises no relief from one big tax on income — the inflation tax. Quite the contrary, there are strong grounds to expect this burden to increase as new and unannounced methods of collection evolve further. In recent years, the Fed’s commitment […]
