Author Archive: Jeremy Parkinson
TMV : 3X Leveraged Short On Treasury Bonds
TMV is a 3 X short the TLT 20 year treasure bond ETF. This trade is based on the TLT. For well over three years now the TLT has been building out what looks like a massive H&S top with the top of the right shoulder now in play. I’m going to take an initial […]
The Only Benchmark Of Wealth
The New England Patriots are the winningest professional football team of the new millennia. While we could post a long list of reasons for their success, there is one that stands above the rest. In a recent interview, Patriots quarterback Tom Brady stated that they start each year with one goal; win the Super Bowl. Unlike many […]
Deflation’s Back? Core Import Prices Tumble In December
While the world worries about inflation, US import prices (ex petroleum) printed a shocking 0.2% decline MoM in December (a big drop from recent monthly gains and big miss to expectations). This is the biggest monthly decline since June 2016… Year over year, import price gains rolled over… Headline import prices also missed expectations, rising just 0.1% MoM […]
Don’t Buy INSYS Therapeutics (INSY) In 2018
As more states relax the regulation for the recreational use of marijuana investors are eager to look for opportunities in this budding sector. But we should look closely at the reality of using marijuana for medical purposes and other products. Companies related to the growing or distribution of cannabis products do have positive prospects for […]
Banking As Usual Is Not An Option
I’ve blogged quite a bit about adapting to change lately, and will continue to do so as banking-as-usual (BAU) is not an option. It’s similar to standing in the middle of the road. If you stand there for long enough, you’ll get run over. This is as true in banking: if you stop changing, you […]
U.S. Fixed Income: Will 2018 Be Any Different?
Now that the champagne has gone flat and college football season has come to an end, investors are facing 2018 square in the eye. Sure, based on consensus forecasts, it appears as if there are no great expectations for the new year in terms of the economic outlook, but who can blame anybody, especially after […]
USD Dunks On Early Signs Of Another ’Taper Tantrum’
Video Length: 00:06:19 A quick uptick in US Treasury yields the past 24-hours has rekindled memories of the 2013 ‘taper tantrum’ in bond markets when a sharp rise in yields proved to be symptomatic of a greater issue: investors were fleeing USD-based assets as the QE punchbowl was being taken away. As history shows, the […]
Why Natural Gas And Oil Won’t Diverge For Long
Crude oil prices are once again breaking the $62 a barrel level for WTI (West Texas Intermediate, the traded benchmark in New York), while Brent (the most-used global figure set daily in London) is north of $68. Yet natural gas (according to Henry Hub, the US standard), while drifting up slightly today, has been moving […]
Bitcoin Bubble Is About To Burst: Central Banks Could Be The Reason
Bitcoin prices have seen incredible volatility in the last few weeks, but they struggled to go above $14,300 on Wednesday as prices fell nearly 6%. Bitcoin was trading above $17,000 last week, but fell below $14,300 on Wednesday. To put things in perspective, the bitcoin market capitalization has plunged from $294 billion on January 7 […]
Why The Oil Bears Got It Wrong
Oil prices traded at the highest level since OPEC declared a production war on Shale and laughed off an estimate of record U.S. oil production from the Energy Information Administration (EIA). The reason why the oil bears got it wrong was that they underestimated demand and overestimated production. The Bears failed to see that OPEC […]
