Author Archive: Jeremy Parkinson
UK Services PMI Rises To 54.2 – GBP/USD Unimpressed
The British services sector is growing at a slightly stronger pace: a score of 54.2 points. It is marginally higher than expected. A separate release showed that mortgage approvals also beat with 65,139 while M4 Money Supply missed by rising only 0.1%. Net lending to individuals met expectations with 4.9 points. Pound/dollar is not really impressed, […]
The Chartology Of The CDNX
I would like to start out by looking at the $CDNX, Canadian Venture Composite Index, which blasted higher last week and is following through this week. The reason this index is so important is because it not only has many junior precious metals stocks but also many small-cap energy related stocks as well as other speculative venture […]
Managing Success: How Do Active Mangers Handle Increasing AUM?
In our previous blog post, we noted that active managers demonstrated the potential to generate strong performance, even with large AUM, across several equity and fixed income strategies and regions. Such an observation may be surprising given our early research on the “Perils of Success,” our continued preference for lower AUM managers and University of California […]
Should You Pay Off The Mortgage?
I’m frequently asked about paying off a home mortgage. I tell everyone, “It depends!”. I asked that same question. A friend said his CPA was emphatic that one should not pay off their mortgage. He arranged a meeting where the three of us could talk. The CPA asked about the interest rate; 6% at the […]
Stocks To Trade: OLED, DXC, LYV
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Universal Display (OLED) Long DXC Technology (DXC) Short Live Nation Entertainment (LYV)
Petro-Yuan Looms – How China Will Shake Up The Oil Futures Market
The “huge story”, as Graticule’s Adam Levinson called it, will, it appears, be a “wake up call” for the West that seems to happily be ignoring this potential bombshell that is China’s looming launch of domestic oil futures trading. as Graticule’s Adam Levinson called it, that besides serving as a hedging tool for Chinese companies, the contract will aid a broader Chinese […]
Market Remains Overvalued – January 2018
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
ISM Manufacturing Index Shows US In Brisk Expansion; Fed To Respond
Economic activity in the manufacturing sector expanded in December 2017, marking the 103rd consecutive month of economic expansion in the US. The numbers point to a continued brisk pace of expansion, likely inviting multiple Fed policy responses in early 2018. Here are the numbers: Source: ISM These figures make 2017, with its 57.6 average, the […]
Ripple Price: XRP/USD Hits $3.24, Market Cap Already 60% Of Bitcoin
Ripple, the cryptocurrency backed by some banks in Asia and elsewhere for facilitating transactions, continues its relentless rise. The XRP coins, which dived to $0.82 just before Christmas, have quadrupled in value. XRP/USD reached a new high of $3.24 and is back to $3.14 at the time of writing. On the day, Ripple is up […]
December 2017 US Cash Deficit $10B, 2017 Cash Deficit $710B
Nothing really interesting about December’s $10B deficit, but we now have a total for 2017 which rang up at $710B, $13B higher than 2016’s $697B deficit. This is the highest annual deficit since 2012 topping 2013’s deficit by just $1B and is the second year in a row of increases. Digging in a bit, revenues […]
