Author Archive: Jeremy Parkinson
Did ECB’s Hansson Talk Out Of Turn?
Ardo Hansson is the Chicago-born Governor of the central bank of Estonia. He was interviewed by Market New today. He seemed to say that barring a surprise; the ECB can end the asset purchases next September. Recall that last month the ECB indicated it wouldcontinue to extend its purchases through the first nine months of next year, albeit […]
Is The Equity Market Making You Jumpy?
After nine years, some investors are getting increasingly worried about the continued viability of the long-running bull market. Add in the rumors of rising interest rates, and some investors are ready to make dramatic changes to their equity investments, such as moving a significant portion of their portfolio to cash or cash equivalents (money market […]
Chipotle, In Search Of New CEO, Says Founder Ells To Focus On ‘innovation’
Shares of Chipotle Mexican Grill (CMG) jumped in morning trading after the company announced it had begun to search for a new chief executive officer. Once the search is compete, Chipotle founder Steve Ells said he will focus primarily on innovation. Chipotle has faced several foodborne illness outbreaks since 2015. CEO SEARCH: Chipotle founder and […]
Tax Reform Rotation
I have often said that as traders, it is not our job to pass judgment on what should be, but, instead, to take advantage of what is. I will try to stick to that mantra when discussing the US tax “reform” package, but I must admit, it’s going to be tough for my feelings to not wiggle through. Regardless […]
October 2017 Pending Home Sales Seasonally Adjusted Index Rose Strongly
The National Association of Realtors (NAR) seasonally adjusted pending home sales index rose strongly following three straight months of diminishing activity, but continued to fall behind year ago levels. The quote of the day from this NAR release: … Until new home construction climbs even higher and more investors and homeowners put their home on […]
A Productive Day On Several Fronts
I spent yesterday morning in meetings with the folks at Janus Henderson here in Denver. I’m a big believer in the idea that active fund managers will be worth their weight in gold (or should I say, bitcoin?) in the bond market as rates, global economic growth, and perhaps even inflation, potentially chart new courses […]
US GDP Revised Up To 3.3% – USD Extends Gains
The US economy grew at an annualized rate of 3.3% in Q3 2017 according to the updated estimate. This is slightly better than 3.2% that was expected and above 3% originally reported. Q2 saw 3.1%. Corporate profits are up but not as much as beforehand. 4.3% q/q, 5.4% y/y. Personal consumption is somewhat on the […]
Swing Trading Strategy Report – Wednesday, November 29
My Swing Trading Approach First and foremost – manage the existing positions in the portfolio. If the opportunity arises to add more long exposure in the portfolio, I will do so, but there is a looming tax vote that could create some turmoil for the market if it doesn’t go according to plan. Indicators VIX – […]
We Are In The Most Dangerous Period In The Business Cycle
The European Commission said Wednesday that its Business Climate Indicator rose in November to hit its strongest since June 2007. The outlook for both production and export orders improved, indicating the economy is benefiting from the upswing in global demand. –Bloomberg News Why would I be writing about ‘danger’ when we are experiencing the first […]
Pending Home Sales Rose Strongly In October
This morning the National Association of Realtors released the August data for their Pending Home Sales Index. Here is an excerpt from the latest press release: Lawrence Yun, NAR chief economist, says pending sales in October were primarily driven higher by a big jump in the South, which saw a nice bounce back after hurricane-related […]
