Author Archive: Jeremy Parkinson
Elevated Natural Gas Volatility Into The Weekend Illuminates Storage Concerns
We had another wild day of natural gas trading today, with prices experiencing significant volatility this morning in attempting to pull back before slightly colder afternoon weather model guidance sent prices rallying into the settle. Like yesterday, where you look along the natural gas strip determines how you saw price action. The February contract skyrocketed […]
Stocks Soar Ahead Of Earnings Season – Week In Review
Stocks went from being over-bought… to being EXTREMELY over-bought in a matter of a few weeks! The fact that the market refuses to fall in a meaningful fashion clearly shows you how strong the bulls are right now. Stepping back, it is important to keep a cool head and remain cognizant of the fact that […]
Cities Upon Hills And Castles In The Sky
The presidential Twitter feed was cranked up to “max batshit” on Friday as Trump desperately tried to deflect criticism. He also canceled an expected trip to London citing Obama even though the reference was in fact to a Bush-era decision. Trump was kind enough to give Iran one “last chance” to comply with an agreement they’re […]
Bull Markets And Blockchains
Global stocks continued their upward march, ending the week at healthy gains. They paused only briefly Wednesday, which so far has been the only down day in 2018. Much like last year, foreign stocks maintain the lead over domestic, but both are up 4% or more for the first two weeks of the year. Commodities […]
WalMart Is Firing 1,000 Corporate Workers
One day after Wal-Mart surprised the nation when on the same day it publicly announced it is raising its starting hourly wage to $11/hour, expanding employee benefits and offering worker bonuses of up to $1000 while at the same time it quietly closed 63 Sam’s Club stores, the WSJ reports that Wal-Mart is preparing to hand out […]
ETFs In Focus As Oil Breaches $70 Mark
Oil prices gained and Brent crude crossed the $70 mark for the first time in three years, as U.S. crude inventories fell for the eighth time in a row, per EIA data. Moreover, WTI crude prices breached the $64 mark for the first time in three years too. What’s Driving Prices? U.S. crude inventories fell […]
Of Short Squeezes And Outsized Earnings Day Moves
It’s earnings season. Who’s excited? Goldman, for one. Last Friday, the bank suggested that it might be best to simply ignore Q4 earnings and focus on the outlook given distortions from the tax bill. “The Tax Cuts and Jobs Act was signed by President Trump on December 22, 2017 [and] as a result, companies are likely to […]
