Author Archive: Jeremy Parkinson
Financial Stress Spreading In Canada’s Most Populous Areas
While affirming a tightening bias, The Bank of Canada blinked again today, opting to not raise its overnight rate for the second time in two months, noting the Canadian economy was slightly weaker than the bank had expected in the first quarter of 2018. Its next meeting date is May 30. Meanwhile, despite still relatively low-interest […]
VOO-Doo
I am kind of fascinated by this VOO chart, which is based on the S&P 500. Check out the red horizontal as well as that dotted trendline. Notice how prices are mashed just beneath them. Taking a big step back, you can see the dotted line is simply the midline of the channel I’ve drawn, which goes […]
AUD/USD Price Outlook: Reversal Testing Initial Resistance Hurdles
The Australian Dollar has rallied nearly 2% off the yearly lows with prices now eyeing initial resistance hurdles. While the broader outlook does remain constructive, near-term the risk for a pullback in price has us looking for a possible exhaustion pullback to offer more favorable opportunities. AUD/USD DAILY PRICE CHART Technical Outlook: Earlier this month we highlighted […]
Ebay Rises As Morgan Stanley Double Upgrades On Payments Shakeup
Shares of eBay (EBAY) are on the rise after Morgan Stanley analyst Brian Nowak upgraded eBay (EBAY) two notches to Overweight as he expects the company to start intermediating its own payments, pulling away from PayPal (PYPL), which could be a driver of more sustained gross merchandise volume growth. MORGAN STANLEY SAYS BUY EBAY: In […]
E Two-Handed Economists At The Bank Of Canada
I believe it was U.S. President, Harry Truman, who once said he was tired of hearing from “two-handed-economists”. It seems that at the Bank of Canada two-handed economists continue to hold sway. Not unexpectedly, the Bank of Canada announced that it will hold its policy rate at 1.25 per cent. The Bank cited several factors […]
Weakness In The Financial Sector And How The Banks Are Breaking Down
There is a lot of weakness in the financial sector right now. I mean tons of it! The overall market looks great, and it is quite surprising this market is still managing to climb higher with out the financials being on board. The earnings season hasn’t been kind to them at all, with each report […]
5 Top Stocks To Buy As Americans Go On A Spending Spree
Americans have started to splurge on discretionary items after a ho-hum winter season. This is well reflected in the pickup in retailers’ March sales, putting an end to three straight months of a decline. Consumer outlays rose on the back of a strong jobs market, rise in income, tax cuts, and refunds. Consumer optimism, by […]
Is This The Long-Awaited Silver Short Squeeze, The Beginning Of The Next Bull Market, Or Both? Or, Sigh, Neither?
Silver’s popping today. Which is what people following the futures market action have been expecting for several months now. Speculators – usually wrong at big turning points and almost always at least slightly net long silver – have suddenly gone net short. This is almost unprecedented, and implies that a short squeeze – in which […]
By 2023, America Will Be In Worse Fiscal Shape Than Italy, Mozambique And Burundi
You all know that America’s fiscal situation is deteriorating rapidly, right? Sure you do. And you’re probably also aware that Larry Kudlow’s protestations notwithstanding, the CBO is likely correct to suggest that Trump’s tax cuts are going to be seen in hindsight as a catastrophic mistake from the perspective of fiscal rectitude. Here’s what Kudlow told state TV on […]
Global Debt Hits All-Time High
“At $164 trillion—equivalent to 225 percent of global GDP—global debt continues to hit new record highs almost a decade after the collapse of Lehman Brothers. Compared with the previous peak in 2009, the world is now 12 percent of GDP deeper in debt, reflecting a pickup in both public and nonfinancial private sector debt after […]
