Author Archive: Jeremy Parkinson
A Yield Curve Inversion In September?
Stocks Rally On Tuesday The S&P 500 was up 1.26% on Tuesday. The VIX was down 10.67% to 21.10 which is still relatively high. Every sector was up. The best ones were energy and healthcare which increased 2.14% and 1.52% respectively. Some traders have expressed hope that another sector such as the financials will take the […]
Bitcoin Tumbles Below $7000 After Binance Hack Fears
As reported by ForexLive earlier (and Finance Magnates), there is a login issue at Binance and it has created more fears about a possible hack (or other liquidity fears) sparking FUD-driven selling pressure across the crypto space. The entire crypto space is back in the red for the week… With Bitcoin is back below $7000… and Finance Magnates beginning a couple […]
AMD, Nvidia Fall After Bitmain Unveils New ASIC For Ethereum Mining
Shares of AMD (AMD) and Nvidia (NVDA) are falling after China-based bitcoin mining company Bitmain announced a new specialized mining system for ethereum. NEW MINING SYSTEM: China-based Bitmain has unveiled a specialized digital currency mining system for ethereum, which analysts have predicted could harm demand for graphics cards, potentially impacting AMD and Nvidia, CNBC reported […]
ISM Non-Manufacturing: Continued Growth In March
The Institute of Supply Management (ISM) has now released the March Non-Manufacturing Purchasing Managers’ Index (PMI), also known as the ISM Services PMI. The headline Composite Index is at 58.8 percent, down 0.7 from 59.5 last month. Today’s number came in below the Investing.com forecast of 59.0 percent. Here is the report summary: “The NMI® registered 58.8 percent, […]
USD/CAD – Happy And Profitable Bears
Yesterday, the U.S. dollar moved sharply lower against its Canadian counterpart, which took the exchange rate to our next downside target. Thanks to the seller’s attack, we noticed a potential pro-bearish formation on the horizon, which can make positions even more profitable… EUR/USD – Breakdowns and Their Implications Yesterday, we wrote that although EUR/USD came back […]
The World’s Most Misunderstood Investment – Part 2
“Think of income annuities as the term insurance of the annuity world.” – Professor of Retirement Income Wade Pfau of The American College in an article for Forbes – August 27, 2015. As I outlined in Part I, fixed-rate and fixed indexed annuities can be utilized as a sleeve in an asset allocation program to minimize overall portfolio volatility. […]
When War Is Not A Metaphor
We have voiced our objections to the militarization of the language surrounding foreign exchange and trade. For several years, the media and journalists played up ideas of currency wars–beggar-thy-neighbor competitive devaluations. Leave aside the fact that it was often indistinguishable from easy monetary policies to facilitate economic recovery and arrest deflationary forces. Now it is trade wars, […]
Higher Volatility Was Inevitable, But Bulls Still Control Their Own Destiny
After an inspiring final day of Q1 led by the usual “window dressing” of mutual fund managers, news-driven volatility returned with a vengeance on Monday before recovering some ground on Tuesday. Although I rarely trust market moves on the last day of a quarter or the first day of a new quarter, there is little […]
Excelling At Reversing
I believe stocks have personalities, just like people do. I am drawn to stocks that have exhibited a clear tendency to fall hard when they form a clean top. A favorite of mine these days is Advanced Micro Devices (AMD). The pas instances of tops followed by big drops is a marvel to behold. Here’s […]
Transferring Wealth In Light Of Tax Reform
The new tax reform that was signed into law in December, 2017, made important changes that will affect estate planning and wealth transfer strategies for many individuals and families. Here are some of these changes and how they might impact you and your family. Estate and Gift Tax Exclusion Doubled The main provision of the […]
