Author Archive: Jeremy Parkinson
Chinese Trade War Retaliation Sparks Buying Panic In Stocks
Almost 800 points off the lows on the heels of Larry Kudlow’s comments after China escalates the global trade war? The stench of The PPT was rife today… Video length: 00:00:06 Chinese stocks went out weak after the trade tariff headlines… And US equity futures were monkeyhammered overnight and through the open. But some sickly-sweet […]
March 2018 ADP Job Growth Is 241,000
ADP reported non-farm private jobs growth at 241,000. Analyst Opinion of ADP Employment Situation This month the rate of ADPs private employment year-over-year growth remained in the tight range seen over the last year. ADP employment has not been a good predictor of BLS non-farm private job growth. The market expected from Bloomberg / Econoday […]
What If I Am Wrong And The Bull Market Is Over?
I have some issues that are taking me away from watching the market. Plus, I need a break from it. So I am posting this mid-day. The Semiconductors are holding up reasonably well so far, and as long as this index is pointing higher, then I remain optimistic about stocks in general. However, lately it […]
GBP/USD Headed For 1.42?
GBP/USD will be on the move with U.K. composite and service sector PMI numbers scheduled for release on Thursday. So far we know that manufacturing activity remained stable but construction activity contracted in the month of March. Higher highs and higher lows over the past 4 trading days suggests that GBP/USD wants to rally […]
General Commodity Breakdown
What a reversal today, eh? Jeeeeeeeeez. Anyway, just a glance at a couple of big commodity-focused funds, showing how the world of commodities (which everyone seems bullish about, since it’s an “inflation trade”, straight from the early 1970s) is going south.
Why The Standard Model Of Future Energy Supply Doesn’t Work
The most prevalent view regarding future oil supply, as well as total energy supply, seems to be fairly closely related to that expressed by Peak Oilers. Future fossil fuel supply is assumed to be determined by the resources in the ground and the technology available for extraction. Prices are assumed to rise as fossil fuels […]
Understanding The Trade “Nuclear” Threat, China Dumping Treasuries
It’s highly unlikely China would dump US treasuries in a trade war. Yet, the talk surfaces all the time. Earlier today, China’s vice finance minister dismisses talk of selling US Treasuries in response to tariffs. China is the largest foreign holder of U.S. debt, which is rapidly mounting amid massive government stimulus programs. Beijing holds $1.17 […]
Market Valuation, Inflation And Treasury Yields: Clues From The Past – Wednesday, April 4
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates and inflation — current valuation levels would be a serious concern. But these are different times. The […]
USD/JPY Aiming For 108
As expected, USD/JPY is breaking higher after three-wave A-B-C pullback in wave 2)/B), so seems like there’s room for more upside towards 108.00 minimum expectation level for wave C) or maybe even wave 3). USD/JPY, 1h
China And The US – They Both Need Each Other To Keep From Imploding
(Audio length 00:16:15) The concept of trade wars between China and the US has dominated the headlines recently. However, a lot of the commentary is very short-sighted and does not look at the bigger picture for both countries especially China. Chris Temple joins me today to outline how the countries got into this situation and […]
