Author Archive: Jeremy Parkinson
Sensex Opens Lower; Infosys Drops 4.5%
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.3% while the Hang Seng is down 1.6%. The Shanghai Composite is trading down by 1.5%. Over the weekend, US stocks closed mixed. Back home, India share markets opened the day on a negative note. The BSE Sensex is trading lower by 113 points while the NSE […]
Philippines Appears Expensive And Relatively Unattractive
Four Pillars of GDP: Driven by private consumption The Philippines has fast GDP growth, driven mainly by private consumption and private investments. Net export was a drag on GDP growth in the past four quarters. The Philippines is most expensive in Asia on PE The Philippines is most expensive in Asia on 2018CE* 19.5x PE and […]
Gold Prices May Fall Despite Syria Jitters, US Retail Sales Due
Gold prices traded higher as the markets’ mood soured in late North American trade on Friday, sending capital fleeing to the relative safety of Treasury bonds and depressing yields. That offered a familiar lift to non-interest-bearing assets epitomized by the yellow metal. The move may have marked de-risking before the weekend as markets weighed tensions in Syria and […]
Stocks To Trade: PAGP, STX, WB
Monday’s stock picks: Long Seagate Technology (STX) Long Plains Group (PAGP) Short Weibo (WB)
USDCAD Daily Analysis – Monday, April 16
USDCAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2943. As long as the price is below the trend line, the downside movement could be expected to continue and next target would be at 1.2450 area. Near-term resistance is at 1.2625, only a break of this level […]
Another Noise-Filled Week For The S&P 500 In April 2018
The second week of April 2018 proved to be just another in a series of noisy weeks in 2018 for the U.S. stock market. Geopolitics, trade and good old fashioned political noise filled the week that was for the S&P 500 (Index: SPX), where the ultimate outcome for the week was for the index to close […]
S&P 500 And Nasdaq 100 Forecast – Monday, April 16
S&P 500 The S&P 500 initially tried to rally during the trading session on Friday, reaching towards the 2680 handle. The market turned back around to form a bit of a negative candle, as US banks struggled. Ultimately, this is a market that I think continues to deal with the 2680 level as resistance, and […]
Futures And Hedge Fund Positions Last Week
Following futures positions of non-commercials are as of April 10, 2018. 10-year note: Currently net short 330.6k, down 44.7k. Annual core CPI rose stronger-than-expected 2.12 percent in March.This was the first year-over-year reading with a two handle in a year. Nonetheless, core PCE – the Fed’s favorite measure of consumer inflation – is not as […]
Infosys Posts 28% QoQ Drop In Q4 Profit; Easing Of Trade Fears And Top Stocks In Action
Indian stock markets rose for a seventh straight session on Friday, their longest winning streak since November 2017. The gains came on the back of gains in index heavyweights such as Reliance Industries and ICICI Bank. Sentiment was also upbeat after retail inflation eased to a five-month low in March, supporting views that monetary policy […]
How To Get Your Tax Weekend Back
This weekend millions of Americans and/or their accountants are preparing to file income tax returns. Tax day is an annual event as significant as the Fourth of July – though far less fun. Photo: Getty Images My friends outside the US – and I have many – observe our ordeal with a combination of amusement […]
