Author Archive: Jeremy Parkinson
Bitcoin Futures ETFs: SEC Requests Comment
In December last year the NYSE Arca Inc. filed a proposed rule change that would allow for the creation of Exchange Traded Funds investing in Bitcoin futures contracts, and, potentially, in other related Financial Instruments. In January 2018 the U.S. Securities and Exchange Commission extended its review of this proposal. Also that month the director […]
Asian And European Equities Shrug Off US Decline
US shares slumped before the weekend amid concern that the Trump Administration was prepared to escalate the trade tensions with China. However, cooler heads are prevailing, and there is a recognition that the conflict is still in the posturing phase. No sanctions have gone to into effect. As the Economist points out, nearly 100 of […]
Across-The-Board Losses For Asset Classes Last Week
All the major asset classes declined in April’s first week of trading, based on a set of exchange-traded products. The losses mark the first broad sweep of weekly red ink for markets since early February. The smallest setback was posted in inflation-indexed Treasuries. The iShares TIPS Bond (TIP) dipped a fractional 0.2%, the smallest loss […]
Dividend Income Update March 2018
The start of every month is exciting for all dividend income investors as we look back at the previous month and see how much passive dividend income our portfolios generated. March was exciting as ever as my year over year numbers continue to highlight the trifecta magic of dividend investing which includes, adding fresh capital, […]
Today’s Highlights – DB, Crypto
Saving Cryan DB European markets are buzzing this morning with talk of a shakeup over at Deutsche Bank. John Cryan has been trying hard to save Germany’s injured mega-bank but it seems that the board has grown impatient. Replacing Cryan will be Christian Sewing (pronounced: Saving) who’s been with DB since he was a teen. […]
Noisy Trade War News Adds Volatility To S&P 500 In Week 1 Of April 2018
Volatility was once again the name of the game in the US stock market during the first week of April 2018. Starting from Friday, 30 March 2018’s closing value of 2,640.87, the S&P 500 (Index: INX) bounced off an intraday low of 2,553.80 on Monday, 2 April 2018 before going on to rise as high […]
The Top Five Weekend Stock Stories
1. Starting Monday, the 87M Facebook (FB) users who might have had their data shared with Cambridge Analytica will get a detailed message on their news feeds, according to Associated Press. In addition, all 2.2 billion Facebook users will receive a notice titled “Protecting Your Information” with a link to see what apps they use […]
Intraday Support/Resistance Levels On S&P 500 E-Mini Futures Index
My brief observations on the 60 minute (extended hours) chart of the S&P 500 E-mini Futures Index(ES) are as follows. Monday, April 9 Daily PP (pivot point) R1 (resistance) @ 2651 PP S1 (support) @ 2571 PP is @ 2617 (price is currently just above) plus Monthly VWAP @ 2611 (providing major support…price is currently just above) 50 & 200 MAs in between PP & R1…50 has crossed above 200 We have a big range in between Monday’s S1 […]
Dividend Yield Cycle Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions. The […]
Misconceptions About Milton Friedman’s 1968 Presidential Address
For macroeconomists, Milton Friedman’s (1968) Presidential Address to the American Economic Association about “The Role of Monetary Policy” marks a central event (American Economic Review, March 1968, pp. 1-17).Friedman argued that monetary policy had limits. Actions by a central bank like the Federal Reserve could have short-run effects on an economy–either for better or for worse. […]
