Author Archive: Jeremy Parkinson
Crypto Traders The Tax Man Cometh For You
Bitcoin is a public ledger, meaning the IRS has unfettered access to every transaction you ever made. Video Length: 00:09:11
A Perspective On Secular Bull And Bear Markets – Thursday, Jan. 4
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, almost nine years later, the S&P 500 has set a series of inflation-adjusted record highs based on monthly averages of daily closes. Let’s examine the past to broaden our understanding of the range […]
USD/CAD Bears To Face NFP / Canada Employment
USD/CAD Weekly Chart Technical Outlook: In last month’s USD/CAD Weekly Technical Perspective we noted that, “50% retracement of the 2017 range- note that this level converges on the downslope resistance and has continued to govern the highs since late-October. Heading into the close of the year the focus is on a break of the 1.2575-1.2927 range to offer guidance (downside […]
Macy’s Announces 5,000 Job Cuts, Closure Of 7 More Stores; Stock Tumbles
The Amazon juggernaut continues to crush brick and mortar retailers. On Thursday morning, former retail giant Macy’s, announced that was preparing to fire 5,000 job cuts, including closure of seven previously unidentified stores and other cuts at remaining locations, as it seeks stability in a tumultuous climate for “physical retail.” The retailer’s cost reductions come […]
ADP And Jobless Claims Show A Tightening Job Market
The jobless claims report released this morning shows a labor market that is supportive of continued growth. Combined with a much better than expected 250,000 increase in private payrolls in the ADP report, the claims data give us every reason to be optimistic about tomorrows jobs report. The seasonally-adjusted 250,000 figure for people filing an […]
The Most Active Equity Options And Strikes For Midday – Thursday, January 4
Top Tickers For Midday January 4th
Three Key Takeaways From December 2017 FOMC Minutes For Gold
Yesterday, the minutes of the FOMC December meeting were released. What do they say about the Fed’s stance and what do they mean for the gold market? The Fed Is Divided over Number of Hikes in 2018 At the December meeting, the U.S. central bank increased the federal funds rate by a quarter percentage point to a range 1.25-1.50 […]
Q4 2017- Taxes, Pensions, Ratings
The fourth quarter was dominated by tax reform and its effects on the supply and pricing of municipal bonds. The prospect that one of President Trump’s major initiatives would finally be passed by year-end buoyed the stock market. For a recap of the tax law changes and effects on the municipal market, please see John Mousseau’s […]
Crypto Benefactors Of Liberty Are Rising Up
One of the most intriguing aspects of Ayn Rand’s Atlas Shrugged is that the novel’s protagonists actually have great wealth and thus, the power to really change the world. It was precisely this wealth born of value creation that allowed Rand’s heroes to leave behind their booming industries and establish Galt’s Gulch. And by doing so, our […]
Ride This Market
My Swing Trading Approach With the market gapping up, I will be increasing my stops, but I am less inclined to add new positions at this juncture of the rally. Indicators VIX – Dropped down to 9.15 and even spent some time below 9. This is the area we tend to see some bounces in the […]
