Author Archive: Jeremy Parkinson
The Government Versus The Central Bank
I’ve pointed this out before, but it bears repeating: despite the large buildup in US government debt under Obama, the Obama administration ran a pretty restrictive monetary policy. In fact, compared to the other large, developed economies, Obama actually had the most restrictive post-crisis fiscal stance. I think this makes sense if you listen to comments […]
The Bulls Return: Brent Crude Could Hit $70, Says Morgan Stanley
With Brent Crude oil driving higher on Wednesday — up nearly $1 and trading at $67.59 in early afternoon New York trading – Morgan Stanley analysts Martijn Rats and Amy Sergeant point out that European refining margins have weakened recently. This is creating a negative correlation, where refining stocks head lower as the underlying product, Brent crude, moves higher. […]
Strong Export & Ethanol Usage, Stocks Up On Bigger Crop
Market Analysis Record weekly US ethanol production and strong live-stock numbers during the first quarter of 2017/18’s crop season has likely sparked a record domestic disappearance of corn utilizing a sizable portion of this year’s 2nd largest US corn supplies. The combination of expanding US fuel demand and better utilization of higher ethanol blends, particularly […]
Chart Of The Day: Scotts Miracle-Gro
The Chart of the Day belongs to Scotts Miracle-Gro (SMG). Since the Trend Spotter signaled a buy on 12/5 the stock gained 7.17%. The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world’s largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company’s brands […]
5 Healthcare Mutual Funds To Buy In 2018
Last year was quite an eventful one for the U.S. healthcare sector in particular. The economy witnessed the Republican tax reform becoming law and three rate hikes by the Fed. Thanks to both, healthcare was one of the top performers of 2017. The Health Care Select Sector SPDR ETF (XLV) rallied 19.5% year. This momentum […]
November 2017 Headline Construction Spending Growth Improves
The headlines say construction spending was up and within expectations. Our view is that this does not consider inflation. Analyst Opinion of Construction Spending There continues to be significant backward revision to the date – this month was slightly upward and did not change the trends. The rolling averages were statistically unchanged.. Also note that […]
Australian Retail Sales Rebound In October
Australian consumers are buying once again, after months of weak spending and competitive discount. The retail sales rose 0.5 percent in October, according to the Australian Bureau of Statistics (ABS) report released on Tuesday. The strongest figure since May and higher than the 0.3 percent predicted by most economists. September number was also revised up to […]
Crude Oil: Weakens, Eyes The 56.73 Zone
Crude oil faces further downside pressure as it looks to follow through lower on Tuesday. On the downside, support resides at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level. Further down, support resides at the 55.50 level. […]
Markit Services PMI: Slower Expansion In November
The November US Services Purchasing Managers’ Index conducted by Markit came in at 54.5 percent, down 0.8 from the final October estimate of 55.3. The Investing.com consensus was for 55.9 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the […]
Billion Dollar Unicorns: 23andMe In High Gear
According to a recent report from Research and Markets, the global genetic testing market is estimated to grow from $4.6 billion in 2017 to $5.8 billion in 2022 at a CAGR of 11.7% driven by aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic […]
