Author Archive: Jeremy Parkinson
ECRI Weekly Leading Index Update: YoY Down For 7th Week
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 147.4, up 0.1 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.51%, down from 2.72% last week and its seventh consecutive decline. The WLI Growth indicator is now at 3.5, unchanged from […]
Week In Review: China Life Science Starts 2018 With $2 Billion Week
Perennial Real Estate Holdings (SGX: 40S), a Singapore company, announced a $1.2 billion joint venture that will acquire and develop healthcare centers in China (see story). It plans to concentrate on integrated mixed-use developments, centered around healthcare, that are connected to China high speed railway stations. Perennial is already building two such properties, one in Chengdu and the other in Xi’an. Its major partner in […]
Agriculture Stocks: Buy In 2018 Or Avoid?
Commodities are on the rise early 2018. Which commodities are a buy in 2018, which ones to avoid? Particularly, as agriculture stocks weren’t very hot last year, is it now a time to buy them? The short answer: yes, agriculture stocks are worth considering in 2018. We wrote about agriculture last year, and we are truly convinced that […]
Exuberance Marks Start Of 2018
Last week, we discussed the record-setting year of the market. Not only did the markets tie the most number of up years for any bull market in history, it also hit records for the longest streak without a 3% correction, lowest volatility, record margin debt and more. The exuberance that surrounded the markets going into […]
GBP/USD: Looking For 1.40 In Q1 On 2 Key Factors – ING
Where is GBP/USD going? It hasn’t been able to rally beyond the moves driven by the dollar’s weakness, but hasn’t fallen either. What’s next? Here is ING’s view, courtesy of eFXnews: ING FX Strategy Research discusses the GBP outlook, and thinks that sterling is likely to reach 1.40 in Q1 of 2018 as as UK economic […]
ETF Watchlist: Week Of January 8, 2018
The equity markets kicked off 2018 in much the same way they closed out 2017 – a slow, steady march upwards. The Dow, S&P 500 and Nasdaq all posted four straight days of gains to kick off the new year. In fact, that’s four new ALL-TIME HIGHS to kick off the new year too. A […]
Economic Data And Forecasts For The Weeks Of Jan. 8 And Jan. 15
Here are my forecasts for upcoming economic data. Forecast Prior Observation Consensus Week of January 8 January 8 Consumer Credit – November $19.0B 20.5 18.0 January 9 NFIB Small Business Optimism Index […]
Technicals Warn Of Coming Dollar Bounce
The US dollar had been sold hard in the second half of December through last week. Regardless of one’s medium or longer-term views, the technical indicators warn that the sell-off is stretched and in need of consolidation, if not a correction. The Dollar Index has formed a shelf near 91.75. Recall that the 91.55 area, which was […]
Dow 30,000 By Year End
The Dow Jones Industrial Average pushed through 25,000 in the first week of 2018. True to form, the President weighed in on this record and indicated 30,000 is the next target, skipping over the 1,000 increment target milestones. His comment was replayed numerous times on television by the financial media Thursday with many commentators spinning […]
E These High Dividend Stocks Are Attractive Now
Two years ago, on this site, I recommended buying a basket of Business Development Companies (“BDCs”). On concerns about higher interest rates and CLOs held by BDCs, the stocks had collapsed, and were trading often at 50% of their book value and with yields in the mid-teens. The bargains did not last. As the overblown […]
