Author Archive: Jeremy Parkinson
China Propels Global Crude Steel Production In October
Global crude steel production expanded at solid pace in October on the back of a surge in output in China – the world’s biggest steel maker – according to a World Steel Association (“WSA”) report. Higher output across India, the United States and Europe also supported the production growth. According to the international trade body […]
The Black Hole Revisited
Remember “the black hole?” Late last month, Wells Fargo put out a truly amusing piece called “Passive Is The New QE.” The premise was that passive flows are acting like QE for U.S. stocks. Here’s what Wells wrote: As QE seemed to exaggerate trends in the fixed income markets, so it appears that Passive equity […]
EC The Surprising Implications Of Periods Of Extremely Low Volatility – A Year Of Records
Trying to chase volatility higher has been like chasing fancy footwork. The S&P 500 last completed a drawdown of 5% or more on November 4, 2016. That ended a period of pre-election weakness that began in early to mid-August, 2016. The last drawdown of 5% or more before that occurred around Brexit when the vote […]
Amazon Vs. Walmart: Who Will Win This Holiday Season?
Thanksgiving is over and Black Friday is here. We are officially in thick of the holiday shopping season. What that means is that all the retailers out there will be piling on the discounts, decorating the stores and selling the happy mood to get people inside their doors. And customers are expected to queue up. […]
AdvisorShares’ First Vice ETF On The Way
With the exponential growth of the ETFs, “thematic investing” is rising and the “smart beta” theme is selling like hot cakes. In order to make the most of this trend, AdvisorShares plans to launch ETF on the NYSE Arca that target companies involved in the tobacco, alcoholic beverage or marijuana industries (read: Inside the Rise of […]
Australian Dollar Downtrend Seems Likely To Resume
Fundamental Australian Dollar Forecast: Bearish The Australian Dollar got a modest lift last week against its broadly weaker US cousin The US central bank sounded rather unsure about inflation’s strength This week offers plenty more US economic clues Australian Dollar bulls were modest beneficiaries of a little US Dollar weakness last week. Commentary from the US Federal Reserve evinced a central bank still […]
Just 10 Companies Account For 33% Of All Market Gains Since Trump’s Election
Yesterday we laid out the reasons why French bank SocGen unveiled a surprisingly contrarian forecast, according to which the S&P would tumble from its current level over 2,600 to 2,000 in 2018, representing a more than 20% bear market drop the drop catalyzed by rising interest rates pressuring P/E multiples, a late cycle economy nearing recession, equities trading […]
5th Round Of NAFTA Talks Collapse: Who’s To Blame? What’s At Stake?
The 5th round of NAFTA talks between the US, Canada, and Mexico was a complete disaster. It’s a lose, lose, lose setup. A major warning sign of an impending NAFTA talk failure came when the Trump administration updated its NAFTA demands despite the fact that negotiations had already bogged down. U.S. officials explicitly stated, for example, that […]
Should Your Holdings Reflect Your Values?
Source: author’s picture I’m going tell you up front: I’m divided about this topic. As an investor, I sometimes forget the overall impact of my actions. After all, the very first thing I’m interested in is making money. The reason why I invest money is obviously to use this vehicle to get richer, to reach my […]
