Author Archive: Jeremy Parkinson
Has Canada’s TSX Index Reached Its Limit… Recession Looming?
Not much has changed with respect to price action since I wrote my last post about Canada’s TSX Index, as shown on the following monthly chart. It’s still dangling precariously outside of its long-term upward trending triangle formation, after dropping 7.22% from its record high set on January 4th. The momentum indicator is in downtrend, but remains above the zero level. On a shorter-term weekly basis, the TSX is […]
Good News On Unemployment, But So-So News On Jobs And Dependency
We shouldn’t expect the labor participation rate to be 100 percent, or even near it, but the downward trend is worrying. There is a lot of good news about the job market in America. The official unemployment rate, released just yesterday, is down to 4.1 percent, which is the lowest it’s been since the end of the […]
Global Debt Hits Record $237 Trillion, Up $21TN In 2017
Last June we reported that according to the Institute of International Finance – perhaps best known for its periodic and concerning reports summarizing global leverage statistics – as of the end of 2016, in a period of so-called “coordinated growth”, global debt hit a new all time high of $217 trillion, over 327% of global GDP, and up […]
Wholesale Inventory Build Continues As Retail Sales Flounder
Wholesale inventories rose 1.0% nearly matching the consensus 1.1% estimate. The Census Bureau Monthly Wholesale Report for February shows inventories rose 1.0 percent nearly matching the Econoday consensus. It wasn’t a difficult guess in light of the advance (preliminary) Census Bureau estimates. Sales: February 2018 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for […]
Indonesia Has The Highest Profitability In Asia
Four Pillars of GDP: Driven by private consumption Indonesia has good GDP growth, driven mainly by private consumption and secondly investments. Government consumption contributed the least to GDP growth in the past four quarters. Highest profitability in Asia reflected in valuation Indonesia has had, and consensus expectations are, that the country should continue to have the […]
Long-Term Unemployment Rate Is 20%
The March BLS monthly jobs report was a disappointment in terms of total job creation as only 103,000 were added instead of the 175,000 expected. Furthermore, the report missed the lowest expectation which was for 112,000. It’s important to recognize this is a volatile data point. The February job growth was revised higher from 313,000 […]
Stock Market Trends Vs. Volatility: Where Are The Big Gains?
Many analysts and talking heads have been saying that volatile markets provide fantastic, can’t-miss investing and trading opportunities. That is only half true. Yes, rising volatility scares off the weak in favor of the strong, but it’s still a nerve-wracking environment in which to trade. I prefer to follow stock market trends, not volatility. Why stock […]
Acadia Pharmaceuticals Shares Plunged Yesterday After A CNN Report
Shares of Acadia Pharmaceuticals Inc. (ACAD) fell by more than 25% on Monday after an article published on the CNN website raised concerns on the company’s lead drug, Nuplazid. The article termed the drug as ‘hostile’ and blamed it for the increasing deaths among patients that were treated with it. According to the article, an […]
21 Trillion Reasons To Buy Gold
A discussion on why gold is an essential asset for protecting yourself against hyperinflation and other economic disasters. Video Length: 00:07:25 Here is a link to today’s article: Need A Reason To Own Gold? Here’s 21,000,000,000,000 Reasons
US CPI And Fed Minutes On Tap, USD/SGD Trend Testing Key Level
With geopolitical theatre (trade war posturing, central bank comments, FBI raids of Presidential lawyers, etc) grabbing all the headlines this week, it’s easy to forget that there is still some potentially market-moving economic data scheduled for release. Early in tomorrow’s US session, traders will get their first look at the March Consumer Price Index (CPI) […]
