Author Archive: Jeremy Parkinson
ECB Dovish On The Economy
ECB’s minutes last month revealed their concerns over the risk of trade conflicts and global economic risk, Short EUR/USD? The Euro fell for the first time in 5 trading days due to the “minutes” from the last central bank meeting, which highlighted some of the ECB’s concerns. The strengthening of Euro has also caused concerns […]
ECRI Weekly Leading Index Update – Friday, April 13
This morning’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 148.2, up 0.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 2.91%, down from 3.12% last week. The WLI Growth indicator is now at 3.9, down from the previous week. “Up […]
Markets: Post-Gap
With all my nebbish-like hand-wringing of this morning’s post, in which I worried that the bears were so terribly at risk, I guess it makes sense that the bulls got piano wires wrapped around their throats. We went into an immediate dive following the opening bell, with the blowout earnings from banks having a positive effect on […]
Emerging Markets: What Changed – Friday, April 13
(from my colleague Dr. Win Thin) In the EM equity space as measured by MSCI, Colombia (+5.5%), Hong Kong (+2.7%), and Mexico (+2.6%) have outperformed this week, while Russia (-11.6%), Turkey (-4.5%), and Brazil (-2.3%) have underperformed. To put this in better context, MSCI EM rose 0.6% this week while MSCI DM rose 1.8%. In […]
The 20-Day Moving Average Was Broken Yesterday
My Swing Trading Approach I added one new position, while subtracting another, Bank of America (BAC), for a 4.2% profit. I will look to add one additional position before the end of the day today, should the market hold up. Indicators VIX – VIX breaking down with its lowest closing since March 21st. Down 8,7% yesterday, and breaking down through […]
February 2018 Headline JOLTS Job Openings Unchanged
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings modestly declined. The headline view was little changed. Analyst Opinion of JOLTS Data The headline seasonally adjusted view shows little change in […]
McDermott (MDR) Provides Q1 Operational Update, Stock Jumps
McDermott International, Inc. MDR recently provided an encouraging first-quarter 2018 operational update, while reaffirming its guidance for the whole year. The company thanked solid backlog conversation in its operational areas along with successful execution of its cost-saving plans for the positives. Following the news, the stock jumped 6.7% in the last session. The company expects its top […]
Relentless Yield Curve Flattening
Most economists expect the Fed will hike at least twice more this year. If so, portions of the yield curve may invert. Basis Point Spreads 3-month to 1-year: 36 1-year to 2-year: 23 2-year to 3-year: 15: 3-year to 5-year: 19 5-year to 10-year: 16 1–year to 30-year: 32 If the fed hikes twice more […]
Zillow Falls After Announcing House Flipping Plans, Competitor Redfin Declines
Shares of Zillow (Z, ZG) dropped in morning trading after the company announced plans to enter the home-flipping business just in time for the Spring selling season. Zillow, which has focused on just the listing part of the real estate business, announced last night along with quarterly and yearly revenue, that it will expand Zillow Instant […]
Banks, Boeing Batter Stocks Into Red
It all looked so rosy before the open. Banks were up, Boeing was up, The Dow was up… but then humans read the real details under the bank earnings, finally read about Russian sanctions, and saw headlines suggesting China did not fold on Trade Wars… Boeing is ugly… Banks have all turned red… And […]
