Author Archive: Jeremy Parkinson
Asset Prices And Macroeconomic Outcomes: A Survey
Asset Prices and Macroeconomic Outcomes: A Survey is the title of an excellent review authored by two leading experts, Stijn Claessens and Ayhan Kose, that is required reading for anyone who wants to glean the implications of asset price movements for what’s going to happen in the real economy. From the conclusion: Challenges to theoretical […]
E Market Briefing For Tuesday, Dec. 5
A notable change in market behavior has been evidenced for two weeks, in a clearer way than the ongoing rotational action that preceded for months. Last week we saw a couple days during which the Senior Indexes were up a lot; or at least firmed substantially, while FANG and other presumed leaders more of a […]
The Disinformation War: The Attempt To Disregard Silver Investor Demand In The Market
Here is a Disinformation War taking place in the silver market as certain industry analysis is confusing individuals by purposely disregarding the tremendous impact of rising investment demand. Not only do I find this troubling, but I am also quite surprised how much the silver industry pays attention to this faulty analysis. So, it’s time […]
Silver And Gold Bottom Soon
Silver and gold have hit a new low for the year during December in each of the last five years. They are on track for repeating their journey this year if we are to believe sentiment matters. And I do. Two measures allow us to gauge sentiment. My favorite is the DSI or Daily Sentiment Index put out by Jake […]
Vanguard Warns Of 2018 “Volatility”: Translation 3-5% Gains
We have a new meaning of “volatile” today courtesy of Vanguard. Expect only 3-5% gains in 2018. Here’s a good one: Vanguard Warns More Volatility in 2018 May Hurt Equity Returns but expect positive returns anyway. Vanguard Group, which manages $4.8 trillion, wants investors to take note: 2018 may not be great for your portfolio. […]
Just When You’ve Thought You’ve Seen It All
I could understand it if its track record was spotty, or partially mixed. But the level of denial runs deep and wide with the yield curve. There is a growing chorus of nonsense, really, which is attempting to spin the flattening as some kind of benign technical rotation that through illogical convolution equals the opposite […]
Terror In The Dow At 25,000
Today, the Dow Jones Industrial Average hit a high of 24,534.04. Not quite at my terror point, but close. The last time I used the analogy from the Twilight Zone episode when William Shatner sees a gremlin on the wing of the airplane he’s flying in, was when the Dow tried for 18,000. In 2015, […]
Tech Wreck Erases ‘Ross Rout’ Rebound As Government Shutdown Fears Grow
The Top? Video length: 00:05:20 Bonds & bullion remain bid post the Ross Rout as Nasdaq sinks… And while stocks were exuberant overnight, only Trannies remain positive from the start of the Ross Rout… with Nasdaq getting monkey-hammered… (biggest reversal in the S&P 500 since Feb 2016) Equity momentum is getting smacked as investors rotate into […]
Hawkish Reserve Bank Of Australia (RBA) To Fuel AUD/USD Recovery
The Reserve Bank of Australia’s (RBA) last interest rate decision for 2017 may shake up the near-term outlook for AUD/USD should the central bank prepare households and businesses for higher borrowing costs. The RBA is likely to reiterate that ‘holding the stance of monetary policy unchanged would be consistent with sustainable growth in the economy and achieving […]
