Author Archive: Jeremy Parkinson
Market Talk – Thursday, November 30
The tech sector took the label of responsibility overnight in Asia for the reason given for most declines. The Hang Seng suffered the most falling near 1.5% following Wednesday price action in the Nasdaq. Even Shanghai lost 0.6% which was a surprise given the promising PMI print (51.8% against a consensus of 51.4%). Energy and […]
Profit Taking Sweeps Tech While Large Caps Gain
There was a clear shift in market behavior as Large Caps enjoyed the fruit of renewed buying as Tech indices (Semiconductors mostly) felt the heat of profit taking. After weeks of tight gains in the Semiconductor Index it was an easy turn for profit takers to come in and push the market down; in the absence […]
Wanna Outdo The Market? Reweight It
Which alternative weighting scheme works best? There’s been a whole lot of noise made about strategic or smart beta in the past few years. Strategic beta represents a sort of middle ground ‘tween passive and active investing and seems a perfect niche for exchange-traded funds. Usually, strategic beta ETFs employ a transparent, if mechanistic, methodology […]
Moving Averages: November Month-End Update
The S&P 500 closed November with a monthly gain of 2.81% after a monthly gain in October of 2.22%. All three S&P 500 MAs are signaling “invested” and all five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), Vanguard FTSE All-World ex-US ETF (VEU), iShares Barclays 7-10 Year Treasury (IEF), and Vanguard REIT […]
Drilling Companies Lead The Precious Metals Market
Despite precious metals and gold/silver mining stocks going flat this year so far, the drilling sector performs quite nicely: Source: Simple Digressions To remind my readers – the DRILL index comprises the shares of the following drilling companies: Energold Drilling, Major Drilling, Orbit Garant, Geodrill and Capital Drilling. Note that the index can be considered as a […]
This Has Never Happened Before In Global Equity Markets
Unless the world comes to a very serious end overnight, global equity markets are about to do something they have never done before… rise for 13 consecutive months. Not one losing month so far in 2017… The global equity gauge was on course to finish November with its 13th straight monthly gain – the longest […]
Sluggish Biotech Stocks: Five Underlying Factors Plus A Sector Shift?
MegaCap Tech Stocks Take a Big Hit-Volatility Rising in a Sector Shift Market Rotation Supports Overall Market-S&P 500 Stable today up 17% YTD Sluggish Biotech Now Just a Market Performer With IBB up 17% YTD The booming tech sector sold off today with the XLK down over 2%. Harder hit were the 2017 high fliers such as the […]
Rally Monkey
Stocks closed at record highs and November marked the eight straight monthly gain for the Dow and the S&P, the best stretch for the latter since January of 2007 and the best streak for the former since July of 1995: Trump wants you to know that if Hillary had won, the Dow would be at 12,000. […]
Greg Poole Snaps Up MA, V, PAYX For Billion-Dollar Fund
Echo Street Capital Management LLC is one of the top performing hedge funds, consistently outperforming average hedge fund portfolios and S&P 500 benchmarks. The $2.94 billion fund is presently helmed by trading genius Greg Poole. As per the latest 13-F filings, the fund has made some intriguing portfolio moves in the burgeoning payments industry. Poole hiked his […]
General Stock Market Commentary – Thursday, Nov. 30
Fresh highs for the market, but looking a little bit tired this afternoon. The Packaging Index is enthusiastically supporting the move higher for the general market. The bullish percent is pointing higher as well. This market has to crack at some point, but for now, it is a beautiful thing as shown by this 2-year […]
