Author Archive: Jeremy Parkinson
Higher Yields Are Bad For Stocks Today And Maybe We Can Blame Commodities
Rising yields are bad again. This is one of those stories that depends on the narrative or, more to the point, how it’s packaged. Recall that the problem in February was that rate rise ceased to be seen as a barometer of the robustness of the recovery and was instead viewed as a warning sign […]
3 Restaurant Stocks Cooking Up Beats For Q1 Earnings
The latest Earnings Outlook shows optimism over this earnings season, with the bottom line of the S&P 500 index expected to grow 17.8% and revenues projected to rise 7.6%. Also, first-quarter earnings for the 52 S&P 500 companies, which have already released results, have posted earnings and revenues growth of 27.9% and 10.7% respectively, from the prior-year […]
It’s All About Silver This Week
(Audio length 00:11:16) With the pop in silver yesterday, lots of people are pointing to the silver price and saying I told you price would rise. Based on the recent CoT reports there is was a reason to expect silver to bounce but it still has yet to break any of the recent lower highs. […]
Central Bank Weekly: GBP Steadies As Odds Of May BoE Hike Remain Elevated
The British Pound hit a fresh 2018 high on Tuesday before suffering setbacks versus the Euro and the US Dollar. A round of price data on Wednesday – the March Consumer, Retail, and Producer Price Indexes – all showed that inflation pressures were not as strong as consensus forecasts called for, undercutting Pound Sterling momentum. But the British […]
Real Estate Storm Warning Upgraded To Severe
Manhattan has seen real estate sales fall 40% since the second quarter of 2017, with prices falling the most on the high-end. New condo listings are down 54% and existing condo listings are down 18%. Toronto has seen a similar 39.5% decline in sales over the last year, with prices down 14% and falling. The average […]
Benchmark Sees Activision Blizzard Guidance Affected By ‘Fortnite’
Shares of Activision Blizzard (ATVI) were trading lower after an analyst from Benchmark said he expects the game maker to report strong first-quarter earnings followed by disappointing second quarter guidance. BENCHMARK KEEPS BUY: In a research note to investors, Benchmark analyst Mike Hickey maintained a Buy rating and $80 price target on Activision Blizzard, saying […]
The Sure Thing
It’s a terrific day so far (and it’s been a while since I’ve been able to type those words). I am particularly pleased with the emerging markets bond fund, which has been a true “old faithful” and which continues to work its way toward what I think is going to be a spectacular failure.
Too Good?
Would you like a 7-percent return without being subjected to the volatility of the stock market? How about 6-percent in a security that Standard & Poor’s rates BBB-, which is investment grade? There are no guarantees, but that’s what investors can expect to receive if they hold two exchange-traded notes until they mature in 2024. […]
Stocks, Bonds And Real Estate: The High Probability Of A Wealth Effect Reversal
According to Michael Leibowitz of 720 Global, the cumulative amount of new debt issued by the U.S government surpassed the cumulative amount of U.S. gross domestic product (GDP) growth in each year since the financial crisis of 2008. In other words, GDP economic growth would have been negative in every year following the crisis were […]
The Fed Has Forgotten The Lessons Of 2008
A few days ago, Neel Kashkari, president of the Minneapolis Fed, told an attendees at an event at Howard University that Wall Street is “forgetting the lessons of the 2008 financial crisis“: “The shareholders got bailed out. The boards of directors got bailed out. Management got bailed out. So from their perspective, there was no […]
