Author Archive: Jeremy Parkinson
Morning Call For Wednesday, Jan 10
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 -0.35%) this morning are down -0.40% as a surge in U.S. bond yields spurs long liquidation in stocks. The 10-year T-note yield jumped to a 9-3/4 month high of 2.59% after Chinese officials were said to recommend slowing or halting purchases of U.S. Treasuries. On the positive […]
5 Questions On Debt And Financial Crises
What might trigger the next financial crisis and recession? Private debt tops the list, explains an economics professor who heads the School of Economics, Politics and History at Kingston University. It’s a potent threat, in part because debt has increased since the 2008 financial crisis and interest rates appear poised to trend higher in the […]
Galbraith: The Fed Is Like The Little Dutch Boy With The Finger In The Dike
There hasn’t been inflation in the economy since the early 1980s. It collapsed with the end of the Soviet Union and with the rise of China as a supplier for consumer goods. So the Fed has been patting itself on its back for decades [of] holding back a phenomenon that doesn’t exist. [The Fed is […]
A US Economic Boom In 2018?
For the last several years, I have tried to identify several graphs that most bear watching over the ensuing 12 months. This year, in addition to watching bond yields like everybody else, the data that most bears watching, it seems to me, can be summed up in the question: Is the US economy about to […]
Sensex Ends Day Flat; PSU Stocks Top Losers
After opening the day flat, share markets in India witnessed volatile trading activity throughout the day and ended the day on a dull note. Losses were seen across most sectors with stocks in the auto sector and stocks in the consumer durables sector, leading the losses. While stocks in the IT sector gained the most. At the closing bell, the BSE Sensex stood lower […]
Churchill Downs Incorporated Announces Cash Tender Offer For Up To $500,000,000 Of Its Common Stock
LOUISVILLE, Ky., Jan. 10, 2018 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI”) (Nasdaq:CHDN) announces that it has commenced a cash tender offer to purchase up to $500,000,000 of shares of its common stock. The complete terms of the offer are set forth in the offer to purchase dated today and the related letter of transmittal. […]
Coloplast A/S Is Good To Go
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Will China’s Move To Cease Buying U.S. Debt Trigger An S&P Correction?
Could news that China is set to halt (or at least “slow”) their purchases of U.S. Treasurys be just the excuse people need to do a bit of profit taking in overbought equities? It’s certainly possible. The weekly RSI for the S&P is the most overbought since 1959: And this is among the longest stretches without a […]
USD/JPY Triple Bottom Pattern Consolidation Breakout
As the BoJ commences a slow process of tapering, this, in theory, has pushed traders into buying JPY. In addition, this has the side-effect of selling risky assets, and we saw Equities pullback from recent highs in alignment with rising JPY demand. Whilst US data has been mixed, with Consumer Credit rising, but lower JOLTS […]
Treasurys Tumble, Futures Slide On Report China “To Slow Or Halt” Treasury Purchases
The treasuries complex has sold off aggressively across the curve after the following flashing red Bloomberg headline: – CHINA OFFICIALS ARE SAID TO VIEW TREASURIES AS LESS ATTRACTIVE. – CHINA OFFICIALS SAID TO RECOMMEND SLOWING OR HALTING TSY BUYING As Bloomberg reports, “Officials reviewing China’s FX holdings have recommended slowing or halting purchases of US Treasuries, […]
