Author Archive: Jeremy Parkinson
US Services Sector Slumps As New Orders Crash Most Since Lehman
Confirming the mixed picture from Markit (Manufacturing PMI up, Services PMI down), ISM Services printed a disappointing 55.9 (57.6 exp), dropping to a 4-month low (as ISM manufacturing rises). Perhaps most notably, New Orders have utterly collapsed in the last 2 months post-Hurricanes… Additionally, Business Activity fell, as did backlogs…but there is quite a difference between manufacturing and […]
Ever Been Part Of A Melt-Up?
This morning I noted that I did not appreciate seeing Jeremy Grantham’s note dismissed even in the slightest way and without rancor by a Biiwii author. His intro was “Here we go with the “melt-up” meme again.”, which I felt was not appropriate for our purposes, coming as it did from a writer who was cautionary all through 2017. Look, […]
Student Debt Slavery II: Time To Level The Playing Field
This is the second in a two-part article on the debt burden America’s students face. Read Part 1 here. The lending business is heavily stacked against student borrowers. Bigger players can borrow for almost nothing, and if their investments don’t work out, they can put their corporate shells through bankruptcy and walk away. Not so with […]
US Payrolls Growth Unexpectedly Cooled In December
Corporate payrolls in the US increased by less than expected in December, rising 146,000 in 2017’s final month — well below November’s strong 239,000 rise, according to this morning’s monthly employment report from the Labor Department. Economists were looking for a stronger rise: 185,000 via Econoday.com’s consensus forecast. The softer gain kept the year-over-year trend unchanged at […]
Gold Bulls – Gotta Love This Pattern Says Joe Friday
In 2011 the Power of the Pattern suggested that Gold could be flat to down for years to come. See post here. Since that post in 2011, Gold finds itself down around 30% and Silver is down over 65%. 2011 saw extremes in prices. After nearly 7-years of lower prices, could the trend in metals be about to […]
November 2017 Trade Balance Marginally Worsened
Trade data headlines show the trade balance marginally worsened from last month. Analyst Opinion of Trade Data The data in this series wobbles and the 3-month rolling averages are the best way to look at this series. The 3-month averages are increasing for exports and increasing for imports… The data is much worse if one […]
5 Profitable Stocks To Buy In January
Profitability analysis is an excellent way to determine the ability of a company to ensure effective cost management and provide healthy returns to its investors. Using this analysis one can identify a profitable company, which generally offers better returns than a loss-making one. Here, we have used the concept of accounting ratios to evaluate a […]
U.S. Economy Creates 148,000 Jobs In December
The number of jobs created in the world’s largest economy slowed more than forecast in December, despite wage growth picking up slightly. The economy added 148,000 jobs, fewer than the 252,000 (initially reported as 228,000) jobs created in November and 261,000 in October, according to the Labor Department report published on Friday. The unemployment rate remained unchanged at […]
S&P 500 Grinds Higher, But Correction Looms
Briefly: Intraday trade: Our Thursday’s intraday trading outlook was neutral. It proved partly accurate because the S&P 500 gained 0.4% following higher opening of the trading session (+0.2%). The broad stock market continued its short-term uptrend, but it remained within a relatively narrow intraday trading range. There have been no confirmed negative signals so far. […]
Headline US Jobs Disappoint, But Earnings As Expected
The headline US non-farm payrolls disappointed, rising by 148k instead of the consensus of 180k-200k. However, the other details were largely as expected and are unlikely to change views about the trajectory of Fed policy or the general direction of markets. It is a very much steady as she goes story. The headline miss is not […]
