Author Archive: Jeremy Parkinson
Prepare For Massive Deficits As Far As The Eye Can See
Signs are the putative Republican “deficit hawks” are about to sign away whatever integrity they had. What are the implications for the deficit going forward, keeping in mind the fact we are near or at full employment. Figure 1: Federal budget balance without automatic stabilizers, as a share of potential GDP (blue), and Federal budget balance as […]
E Canada’s Economic Growth Slows As Exports Sink
Today’s release of third quarter GDP estimates should stay the hand of the Bank of Canada. Following a strong first half of the year, the Canadian economy slowed dramatically to an annual rate of 1.7 % in the third quarter compared to 4.3% recorded in the second quarter. Most importantly, the composition of third quarter […]
Gold Juniors’ Q3’17 Fundamentals
The junior gold miners’ stocks have spent months grinding sideways near lows, sapping confidence and breeding widespread bearishness. The entire precious-metals sector has been left for dead, eclipsed by the dazzling Trumphoria stock-market rally. But traders need to keep their eyes on the fundamental ball so herd sentiment doesn’t mislead them. The juniors recently reported […]
Why Amazon Stock Could Be Worth $2000 Soon
In the world of online retailing, having volume is key. Amazon.com has been growing its online sales faster than any other online retailer in the United States. Since the beginning of the year, Amazon shares (AMZN) have increased by 56%, compared to a 19% gain for the S&P 500. This helped bring up the net worth […]
Update On The US Dollar Index From A Geometric Perspective
Short-Term/Daily: Dollar should move higher off solid geometric support Intermediate-Term/Weekly: Watch for possible bullish reversal around current geometric support. Upside target of 97.874 following bullish confirmation. SHORT-TERM VIEW: The dollar recently broke out of circular daily resistance, but is now getting geometrically cornered: Dollar must break descending trendline resistance to signal a move higher […]
5 Growth Funds To Buy On Highest GDP Growth Since 2014
The U.S. economy expanded at a better pace in the third quarter of this year than was earlier estimated, leading to the best quarterly GDP growth in the last three years. In its second estimate, the Department of Commerce upwardly revised economic growth for the third quarter. The report highlighted moderate growth in consumer spending, […]
The Long-Term Risks Of Not Owning Cryptocurrency
The risk of owning cryptocurrency is pretty simple. You could lose money… but that’s a risk that comes with ANY investment. Every sane crypto investor understands this going in. But what about the risks of NOT owning cryptocurrencies? Those are very real too… What if bitcoin ownership goes from less than 1% to 10%? How […]
VIX Elephant Poised To Lose $20 Million Escapes With $2 Million Loss
A VIX spiked today enabled a trader known as the “50 Cent Elephant” to escape his VIX bet with minimal losses. The VIX, a measure of S&P volatility usually drops when the market rises. Yesterday, despite a huge rally on news that the Senate had reached agreement on a tax bill, the VIX spiked. Today, […]
S&P 500 Intrinsic Value Index Update – Friday, Dec. 1
This indicator, taken with the CAB has been perfection since “Davidson” first introduced us to the Index in early 2009. Regarding today’s warning by Goldman “Davidson says” So many misperceptions on valuation analysis, where could one possibly begin? I see the Shiller C.A.P.E. P/E as part of the mix which is what is likely driving […]
A Perspective On Secular Bull And Bear Markets – Friday, Dec. 1
Was the March 2009 low the end of a secular bear market and the beginning of a secular bull? At this point, over eight 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 […]
