Author Archive: Jeremy Parkinson
The Arena
Here’s how I picture the equity markets at the moment: there’s a large indoor arena. There are two opponents: a bull and a bear. And there’s a ball that they’re trying to hang on to (or steal from the other, if they don’t have it). And not just any ball. An exploding ball. The ball explodes when […]
Is The FAANG Trade Over?
recently joined a roundtable discussion hosted by Investing.com. The questions posed: Is The FAANG Bull Run Over and are Tech Stocks Still A Buy? This was my answer: The FAANGs trade is a little long in the tooth at this point, and, frankly, no trade lasts forever. Apple (AAPL), Amazon (AMZN), and Alphabet (GOOG) were all within striking distance of […]
Biggest Drop In Small Business Sentiment Since 2015
After hitting multi-decade highs in February, optimism on the part of small businesses pulled back a fair amount in March. While economists were expecting the headline index to see a slight pullback to 107.0 from last month’s reading of 107.6, the actual decline was much larger as the index dropped to 104.7. With a m/m […]
EC Will Spotify Ever Generate Profits?
According to a report by Statista, the global music streaming market is expected to grow from $11.44 billion in 2018 to $14.79 billion in 2022 at a CAGR of 6.6%. User penetration was at 24.7% in 2018 and is expected to grow to 26.6% by 2022. Earlier this month, streaming music service provider Spotify went public. Here […]
3xP: Payroll, Powell And Price Of Gold
Friday was hot and sponsored by the letter “P”. Payrolls were published and Powell made the first speech as the Fed Chair, pushing the price of gold to proliferate. What picture does it paint for gold? Payrolls Disappoint, But So What? U.S. nonfarm payrolls disappointed in March. The economy added only 103,000 jobs last month, according to […]
Longfin’s Investors Face A Bumpy Ride After SEC Freezes And Sues The Company
Longfin Corp (NASDAQ: LFIN) Shares of Longfin Corp. were placed on a T12 halt on Friday after the Securities and Exchange Commission filed a formal complaint against the company. A T12 halt requires a company that is listed on an American stock market to provide additional information concerning its activities. The regulator sued Longfin Corp. together with its […]
Bitcoin As An ‘Infectious Disease’: One Bank Says The Crypto Plague Is Almost Over
I don’t know about you, but I love a good cryptocurrency note that finds analysts attempting to develop a model to value something that has no value. Bitcoin and its progeny are worthless. They have no intrinsic value and as Jack Bogle reminded investors last year, “Bitcoin has no underlying rate of return” and as such, […]
March Producer Price Index: Final Demand Up 0.3% MoM
Today’s release of the March Producer Price Index (PPI) for Final Demand came in at 0.3% month-over-month seasonally adjusted, up from last month’s 0.2%. It is at 3.0% year-over-year, up from 2.8% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) also came in at 0.3% MoM, up from the […]
Technically Speaking: 10 Reasons The Bull Market Ended In 2018
In this past weekend’s newsletter, “Bulls Hang On By A Thread,” I suggested a rally was likely due to the short-term oversold conditions that currently existed. To wit: “For now, we want to give the bulls the benefit of the doubt, but that ‘bit of rope’ is awfully frayed at this juncture. If the market hits our target zone […]
Large To Small Indices Remain Above Important Support
The chart above looks at performance numbers of several key indices on a Year-To-Date basis and from the highs in January. Both highlight that these indices are soft and mostly choppy so far this year. The 8-pack below looks numerous stock indices from large to small- Even though the majority of these indices are down this […]
