Author Archive: Jeremy Parkinson
Short Setups Lack Purpose In This Market
The bulls are in full control. Until then, shorting the market serves little to no purpose. While I’ll still continue to post these lists of short setups, shorting these stocks or the market as a whole would not be considered the path of least resistance. More like the greatest amount of resistance. For beginners you […]
“Bill Gross Is Early”: Jeff Gundlach’s Complete Presentation Highlights
On Tuesday afternoon, Jeff Gundlach held one of his more exhaustive “Just Markets” calls with investors. Among the numerous discussion points touched upon, the “bond king” who alone predicted Donald Trump’s victory one year before the election, had several more bold contrarian calls, key among which was his observation that while stocks are now in […]
Here’s Where The Gold Bar North Claims Fit Into U.S. Gold Corp.’s Strategy
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. On July 5, 2017, U.S. Gold Corp. (USAU) announced that it had completed the acquisition of the Gold Bar North [GBN] claims in Nevada. The acquisition expands on the company’s existing claims in […]
Long-Term Trends In Employment By Age Group – Tuesday, Jan. 9
Note: This commentary has been updated with the latest numbers from last week’s Employment Report. The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military […]
Yuan Plunges After PBOC Changes Managed Regime, What To Expect Next?
China’s Central Bank hints to have suspended proactive adjustments in the Yuan fixing, a daily reference rate that it issued to the market. On January 9th, the PBOC told that commercial banks, which provide quotes for the Central Bank to calculate the daily fixing, will decide by themselves whether to include the “counter-cyclical factor” in […]
AK Steel Drops After Underwhelming Analyst View
Shares of steelmaker AK Steel (AKS) are having a rough day after an analyst at Jefferies lowered his rating on shares. LEVERAGE TO CYCLE MAY UNDERWHELM: Seth Rosenfeld and his team at Jefferies downgraded shares of AK Steel to Hold from Buy in a note this morning. Rosenfeld said he sees the company’s move away […]
WTI/RBOB Spike After Massive Crude Draw
WTI/RBOB prices soared once again today amid hopes for an 8th straight week of crude draws (and overall stockpiles near 5y average levels). API did not disappoint with a massive 11.19mm crude draw (biggest since Sept ’16) and continued builds in gasoline and distillates. WTI Knee-jerked to the highs of the day. “The market is anticipating a […]
Job Openings May Have Peaked In The US
The Bureau of Labor Statistics released the monthly Job Openings and Labor Turnover Survey today showing a relatively minor decrease in job openings through November. The number of job openings was little changed at 5.9 million on the last business day of November, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations […]
Key Comments On Yields, USD, And Politics
With the moves today in the markets Chris made time to join me and share his thoughts. We look at yields, US markets, USD, and politics. Chris’s USD comments are especially noteworthy when looking at its move against currencies other than the Euro. (Audio length 00:13:02)
Gold Pauses On USD Strength
The current heavy focus on cryptocurrencies has meant less of a spotlight on gold, which has been staging an impressive rally since mid December, and which has seen the precious metal move from the strong platform of support in the $1235 per ounce region to a high of $1325, posted in last Thursday’s trading session. […]
