Author Archive: Jeremy Parkinson
March 2018 FOMC Meeting Minutes: Uncertainty About The Effects Of New Trade Tariffs
The 21 March 2018 meeting statement presented the actions taken. This post covers the economic discussion during this FOMC meeting between the members (minutes were released today). There continued to be considerable discussion on inflation and timing on the next federal funds rate increase, and an interesting quote: … PCE price inflation rate would likely shift upward when the […]
UK Housing Market Slows
When average wage increases are running below inflation and the cost of the average home is well beyond the means of the average first-time buyer on the average wage, market economics, beloved of the Conservative government, dictate that prices must fall. This is a simple paradigm of market dynamics, yet many in the UK feel […]
Study: The Stock Market Is Forming A Bullish Divergence
We mentioned before that the stock market is forming a bullish breadth divergence. You can clearly see this with the Advance-Decline cumulative line, which is making “lower highs” even though the S&P 500 is close to retesting its February 9, 2018 lows. Hayes Martin from MarketExtremes.com found 8 similar cases since 1950 in which the […]
Crude Oil Prices Surges After Tensions Rises Between US And Russia
The financial markets were rattled yesterday following a tweet by President Trump. In the tweet, the president focused his attention to Russia’s Vladimir Putin and his response to the Syrian crisis. The tweet signaled that the escalation in Syria could lead to significant issues between the US, Russia, Iran, and Israel. The problem started when […]
USD/CAD Daily Analysis – Thursday, April 12
USD/CAD extended its downside movement from 1.2943 to as low as 1.2544. Further decline is still possible after a minor consolidation and next target would be at 1.2500, followed by 1.2350. Near-term resistance is at 1.2625, a break above this level could bring price back towards the falling trend line on the 4-hour chart. Only […]
As Gold Breaks Out – The World Is On The Precipice
As the world is standing on the precipice of a total breakdown, both economically and geopolitically, an obvious question is: “Where is the money coming from” to save the world from perdition. The same question was asked to Maharishi Mahesh Yogi in the 1970s when he was starting a global spiritual project. Maharishi was the […]
The Growth Rate Of S&P 500 Dividends Per Share In The 21st Century
One of the most important and perhaps least well known metrics for the U.S. stock market is the growth rate of dividends for the S&P 500. We thought it was long past time to give this particular data series its due by visualizing the year over year growth rate of the S&P 500’s trailing year dividends per share for […]
Stocks To Trade: ADBE, FDX, PFG
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Adobe Systems (ADBE) Long FedEx (FDX) Short Principal Financial Group (PFG)
Oil Soars To 3-Year High
On Wednesday, U.S. President Donald Trump warned Russia to prepare for missile strikes against its ally Syria, and oil traders took note. Oil prices soared to fresh three-year highs. U.S. WTI ended Wednesday up 2 percent, at $66.45 per barrel, a price not hit since December 3, 2014. As of 2:17 p.m. HK/SIN, the commodity […]
Russia Credit Risk Spikes Most In 5 Years As “Real Economic War” Escalates
Russia’s 5Y CDS exploded by the most since June 2013 (a 34% spike in default risk in 3 days) this week as US sanctions and now direct threats have escalated geopolitical tensions globally. As Bloomberg notes, President Donald Trump’s warning for Russia to “get ready” for missiles on Syria sent investors rushing for protection. The cost of insuring sovereign […]
