Author Archive: Jeremy Parkinson
Bonds Bloodbath, Ripple Wrecked, S&P Surges To Best Start In 30 Years
First things first – Japan tapered its bond purchases once again (and sparked chaos in bond land) and China shifted its FX regime, sparking a tumble in the Yuan… Both seemingly sending a clear message to bond bulls.. 6 days into 2018 – 6 days up for the S&P 500 and 6 days with 10Y above […]
The Risks Associated With Some Blockchain Stocks
Blockchain stocks are hot. In fact, they are too hot, and that has a risk associated to it. Case in point: A little-known micro-cap stock called Long Island Iced Tea Corp. announced on Thursday December 21st that it changes its name into ‘Long Blockchain Corp.’ The same day its stock price rose more than 200 percent at the open […]
Second Longest Record Streak To Start A Year
Stocks Have An Endless Bid The S&P 500 was up again on Monday, foiling my thesis that there would be a correction this week. The S&P 500 is up 5 out of 5 days this year for a gain of 2.77%. Some investors who outperformed last week already had gains which equal a good year in […]
Short Setups Lack Purpose In This Market
The bulls are in full control. Until then, shorting the market serves little to no purpose. While I’ll still continue to post these lists of short setups, shorting these stocks or the market as a whole would not be considered the path of least resistance. More like the greatest amount of resistance. For beginners you […]
“Bill Gross Is Early”: Jeff Gundlach’s Complete Presentation Highlights
On Tuesday afternoon, Jeff Gundlach held one of his more exhaustive “Just Markets” calls with investors. Among the numerous discussion points touched upon, the “bond king” who alone predicted Donald Trump’s victory one year before the election, had several more bold contrarian calls, key among which was his observation that while stocks are now in […]
Here’s Where The Gold Bar North Claims Fit Into U.S. Gold Corp.’s Strategy
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. On July 5, 2017, U.S. Gold Corp. (USAU) announced that it had completed the acquisition of the Gold Bar North [GBN] claims in Nevada. The acquisition expands on the company’s existing claims in […]
Long-Term Trends In Employment By Age Group – Tuesday, Jan. 9
Note: This commentary has been updated with the latest numbers from last week’s Employment Report. The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military […]
Yuan Plunges After PBOC Changes Managed Regime, What To Expect Next?
China’s Central Bank hints to have suspended proactive adjustments in the Yuan fixing, a daily reference rate that it issued to the market. On January 9th, the PBOC told that commercial banks, which provide quotes for the Central Bank to calculate the daily fixing, will decide by themselves whether to include the “counter-cyclical factor” in […]
AK Steel Drops After Underwhelming Analyst View
Shares of steelmaker AK Steel (AKS) are having a rough day after an analyst at Jefferies lowered his rating on shares. LEVERAGE TO CYCLE MAY UNDERWHELM: Seth Rosenfeld and his team at Jefferies downgraded shares of AK Steel to Hold from Buy in a note this morning. Rosenfeld said he sees the company’s move away […]
WTI/RBOB Spike After Massive Crude Draw
WTI/RBOB prices soared once again today amid hopes for an 8th straight week of crude draws (and overall stockpiles near 5y average levels). API did not disappoint with a massive 11.19mm crude draw (biggest since Sept ’16) and continued builds in gasoline and distillates. WTI Knee-jerked to the highs of the day. “The market is anticipating a […]
