Author Archive: Jeremy Parkinson
Jobless Claims Slightly Lower Than Expected
Like just about everything these days (besides bitcoin), there was very little volatility in this week’s jobless claims report as first-time claims fell by 2K to 238K compared to expectations for 240K. There’s not much new to say here as jobless claims continue to be one of the most consistent indicators of strength in the […]
McKinsey: Automation May Wipe Out 1/3 Of America’s Workforce By 2030
In a new study that is optimistic about automation yet stark in its appraisal of the challenge ahead, McKinsey says massive government intervention will be required to hold societies together against the ravages of labor disruption over the next 13 years. Up to 800 million people—including a third of the work force in the U.S. […]
3 Strong Buy Deutsche Mutual Funds To Invest In
Deutsche Asset & Wealth Management’s assets under management were worth EUR 710 billion as of Sep 30, 2017. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset & Wealth Management is among the 10 […]
Cryptos Are Crashing Again
It’s a bloodbath in cryptocurrency markets this morning… Having bounced overnight to over $10,600, Bitcoin prices are tumbling once again as we approach the US equity market open… Ethereum is down over 20%… While there is no immediate catalyst, CoinDesk notes that ECB Vice President Vitor Constancio- ever eager to talk citizens away from decentralized ‘anything’ – warned […]
Tax Cuts For The Rich – A Rich US Dollar
The US Senate is rushing to vote and approve a massive tax cut program. The rise of the threshold for the maximum tax rate to around $1 million will benefit the richest Americans. The cut of the corporate tax will help the stock market, but will unlikely trigger extra growth, at least when factoring the […]
Weekly Unemployment Claims: Down 2K
Here is the opening statement from the Department of Labor: In the week ending November 25, the advance figure for seasonally adjusted initial claims was 238,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 242,250, […]
Buy Or Sell? A Question Of Risk Management
Whether you ride this bull market or stay on the sidelines is not a matter of brilliance, but of risk management. To illustrate, we look at lessons to be learned from the “greatest predictor” of market returns (hint: it isn’t). Nobody knows whether the market is going to plunge next year, but anyone who fears […]
S&P 500 Fluctuates As Technology Stocks Sell-Off
Briefly: Intraday trade: Our Wednesday’s intraday trading outlook was neutral. It proved accurate because the S&P 500 index lost 0.03%, following slightly higher opening of the trading session. The market broke above its short-term consolidation on Tuesday. We still can see negative technical divergences along with medium-term overbought conditions. However, there have been no confirmed […]
EUR/USD And GBP/USD Forecast – Thursday, Nov. 30
EUR/USD The EUR/USD pair had a volatile session during the trading session on Wednesday but then turned right back around. Ultimately, we ended up forming a shooting star on the daily candle, and I think this shows that we are going to continue to be choppy in general, but I still believe that there is […]
A Beginners Foray Into (Part-Time) Systematic Trading
Audio Length: 01:04:36 Kory Hoang is not a veteran trader—he’s not someone who has been doing this 10-20 years. He’s someone who has been doing this for only a few years, yet he’s begun to make decent gains on his trading capital. Kory is also not a full-time trader …well, at the time of recording […]
