Author Archive: Jeremy Parkinson
Weekly Unemployment Claims: Up 5K, Worse Than Forecast
Here is the opening statement from the Department of Labor: In the week ending December 30, the advance figure for seasonally adjusted initial claims was 250,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 245,000 to 247,000. The 4-week moving average was 241,750, […]
Tesla, Inc. Stock Slides As Q4 17 Deliveries Fall Short
Tesla, Inc. (Nasdaq: TSLA) disappointed investors yet again during the fourth quarter by missing its production target for the Model 3. Tesla Q4 2017 deliveries totaled 29,870 vehicles, a slight miss versus the FactSet consensus of 30,000. Of that total, the consensus was expecting 4,100 Model 3 cars, but the automaker delivered only 1,550 of its mass-market […]
Can The Fed Really Boost Bond Yields?
One of the biggest issues with predictions of rising 10-year bond yields since “bond bears” came out in earnest in 2013, is they have been consistently wrong. For a bit of history, you can read some of my previous posts on why rates can’t rise in the current environment. Bond Bears & Why Rates Won’t Rise Why Bonds Aren’t […]
Passive Perfect
The passive investors – – which is just about everyone at this point – – continue to reign supreme. New lifetime highs across the board, as ES completes its measured move: ……and NQ continues to vault above its former triangle…….. Of course, the biggest move overnight is making a certain Sloper I know […]
Domino’s Pizza Upgraded To Outperform From Neutral At Credit Suisse
Credit Suisse analyst Jason West upgraded Domino’s Pizza (DPZ) to Outperform and raised his price target for the shares to $220 from $205. The shares closed yesterday up $4.72 to $191.66. The stock has sold off sharply from recent highs, despite “significant upside”: to forward earnings around tax reform, West tells investors in a […]
Some Folks In Japan Were Ready To Buy Some Goddamn Stocks After The Holiday
Boy, I’ll tell you what, Donald Trump’s “nation of Samurai warriors” came back from the break on a mission to buy some goddamn stocks. Although this was to be expected (they’re effectively playing catch up), the Nikkei soared a truly incredible 3.3% on Thursday. That’s the best gain in more than a year and markets […]
Crack Down
Iran’s Revolutionary Guard says it put a stop to the protests in Iran, yet the oil traders are not that convinced. After many arrests and over 20 dead, the Iranian people are tired of being left out of the global economic surge. At the same time, the global economic surge is draining U.S. and global […]
November 2017 Leading Index Review: Growth Rates Mixed
This post is a review of all major leading indicators follows – and their trends are generally indicating stronger growth. Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends to the bank. […]
Tech Stocks Still Lead US Sectors For One-Year Trend
Technology shares continue to post the strongest trend performance for US equity sectors, based on a set of ETFs ranked by one-year return. Although most sectors are posting year-over-year gains, the annual pace for tech remains notable for its outsized advance vs. the rest of the field. Technology Select Sector SPDR (XLK) is up a […]
Morgan Stanley Wealth Sells All Junk Bond Holdings, Warns Of Recession Risk
According to Morgan Stanley Wealth Management, it is too late to buy junk bonds in this market cycle, which is why one of the otherwise most bullish banks is cutting its high-yield bond holdings to zero, Mike Wilson, the CIO of Morgan Stanley Wealth writes in his 2018 outlook. While tax cuts are expected to […]
