Author Archive: Jeremy Parkinson
EUR/USD To 1.19
The worst performing currency today was the euro, which dropped well below 1.20. The single currency had been under pressure throughout the NY trading session and ended the day near its lows. This suggests that we could see a deeper slide down to 1.19. The sell-off was driven by the recovery in the U.S. […]
Credit Card Debt Hits All Time High As Consumers Unleash Historic Shopping Spree
It’s official: the reason behind the recent rebound in the economy can be explained with two words: “charge it.” Readers may recall that one month ago, we reported that with Republicans in Washington on the verge of passing their first major piece of legislation in the form of comprehensive tax cuts that will allow Americans […]
E My 2018 Forecast
The Dow advanced 2.3 percent in the first five days of the year. Historically, that’s a good sign. When the Dow is up during the first week, the market continues to advance for the rest of the year about 80 percent of the time. What are our 2018 expectations? Read on. In 2016 value stocks […]
The Incredibly Easy Way To Boost Your Gains By 1,900%
About a month ago I spotted a little-known opportunity for profit. The play involved an outfit that had been mismanaged for years, but still had a lot of underlying value. They were due to choose new leadership in mid-December. The outgoing board had their slate; the reformers had theirs. I gambled that shareholders would go […]
Growth In Non-Farm Payrolls Peaks Mid-Cycle
After the latest jobs report had come out, US President Donald Trump responded on Twitter by touting the decline in unemployment amongst African Americans. The African American unemployment rate fell to 6.8%, the lowest rate in 45 years. I am so happy about this News! And, in the Washington Post (of all places), headline states, […]
Multiple Jobholders: Two Decades Of Trends As Of December
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present, multiple jobholders account for just 4.9 percent of civilian employment. The survey captures data for […]
Euro Rally Takes A Breather
The Euro ended its recent rally with a decline against the US Dollar after investor profit-taking. Overall, however, market players appear to be optimistic about the Euro’s outlook. Many FX players saw today’s decline as a good opportunity for Euro buying. One currency strategist in London concurs, saying that there is a significant amount of […]
Quantum Change In Gold Demand Continues
Short-term interest rates have been relentlessly rising since the second half of 2015. For example, 3-month LIBOR was 0.28% in July of that year. It is now 1.7%. This is just a result of the Fed centrally planning our economy, managing our interest rate for us. Long-term rates have not moved. The 10-year Treasury yield […]
Investors Abandon Hedges: Who Needs Em? The Stock Market Only Goes Up
With the stock market on a record tear, investors increasingly view hedges as a money-losing operation. With volatility at consistently low levels, more investors are revising their strategies on risk. Apparently these is no downside risk anymore as Investors Abandon Hedges. After a long stretch of stock market tranquility, more investors are concluding that paying for […]
E Recent Data Puts The Bank Of Canada In The Spotlight
The release of the December employment report last Friday and today’s investment survey for 2018 have upped the odds that the Bank of Canada (BoC) will raise rates at its January 17th meeting. Canada created 79,000 jobs in December and this brought the national unemployment rate down to 5.7%. The Bank of Canada’s survey of […]
