Author Archive: Jeremy Parkinson
China, Schmina – Dow Goes Green
Fleshwound… After China’s comments ‘swept the leg’ of the stock and bond markets overnight, dip-buyers have stormed back into stocks, sending The Dow green on the day (thanks mostly to Boeing and JPMorgan)… Gold has given up its gains as stocks rallied but bonds remain lower in price…
Analyst More Than Quadruples Novavax Target After Sign That RSV Vaccine Works
This morning, B. Riley FBR analyst George Zavoico raised his price target for Novavax (NVAX) nearly five-fold to $10 after the company announced more details about an informational analysis of Prepare, an ongoing Phase 3 trial of an RSV F vaccine for maternal immunization to protect newborn infants. This target hike comes just five days […]
GBP/USD Monthly Range-Break Appears Imminent
GBP/USD Daily Chart Technical Outlook: The British Pound has carved out its monthly opening-range just below the 2017 high close at 1.3589 with interim support eyed at the 2018 high-day close at 1.3495. As discussed in this week’s Technical Perspective, seasonal tendencies are pretty heavy for Cable with the daily momentum profile also looking a bit vulnerable here. Ultimately, we’re looking […]
4 Strong Buy Small-Cap Growth Mutual Funds To Focus On
Small-cap growth funds are natural choices for investors with a high risk appetite when capital appreciation over the long term takes precedence over dividend payouts. These funds focus on realizing an appreciable amount of capital growth by investing in stocks that are projected to rise in value over the long term. Meanwhile, small-cap funds are […]
U.S. Workforce Recovery – Wednesday, Jan. 10
We’ve updated our monthly workforce analysis to include last week’s Employment Report for December. The unemployment rate remained at 4.1%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 148K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian […]
Better Places To Sell
I am a big huge Kodiak grizzly of a bond bear. It’s probably my number one conviction call. I believe, over time, long rates throughout the world will go higher – a lot of higher. Yet the trader in me questions the wisdom of waking up this morning and grabbing a stack of pink tickets […]
How Did Consumer Borrowing Change After The Great Recession?
from the St Louis Fed Following the run-up in household debt during the early 2000s, consumers have been steadily reducing their overall debt level (i.e., deleveraging) since the Great Recession ended in June 2009. The ratio of household debt to personal income peaked in the mid-2000s at nearly 1.2, and it declined to about 0.9 […]
“It’s A Mystery” – Rigged VIX Settlement Chatter Ignited After Dec Flash-Crash
On the morning of December 20th, we noted that VIX crashed at the open of the cash market. VIX crashed to 8.90 as cash markets opened… In context of the prior and following days, it was an ‘odd’ gap down move that was immediately defended by most as “just a fat finger” except it wasn’t and it […]
On China, Japan And The Eurozone’s Determining US Interest Rates
There are a lot of stories floating around today that moves by central banks in China, Japan and Europe are having – and will continue to have a noticeable impact on US interest rates. Some are even saying this marks the end of the long bond bull market. I am sceptical of these claims because […]
This Is What ‘Max Central Bank Predictability’ Looks Like
Last weekend, on the way to explaining what incoming Fed Chair Jerome Powell meant five years ago when he discussed the Fed’s “short volatility position” at the October 23-24, 2012 meeting, we said the following about how the central bank’s communication strategy dampens vol. across the board (i.e. beyond the obvious way in which rates vol. is suppressed […]
