Author Archive: Jeremy Parkinson
3 Month Debt Ceiling Increase
Trump-Pelosi-Schumer Deal On Wednesday, the stock market rallied slightly lowering the possibility of the first 3% selloff of the year occurring this week. Those who described the selloff on Tuesday as devastating because it was the worst day since August 17th look silly because a normal day wiped half of it away as the S&P 500 was up […]
Market Overview – Thursday, Sept 7
Junk Bonds do a fairly good job of confirming the short-term trend. At the moment, this chart is saying that the short-term uptrend is intact, but that it is time to watch for signs of the next downturn. New 52-week lows are well below the level where they indicate selling pressure. The bullish percents are […]
Prodigal Son In Hot Water!
Our Modern family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase. This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not been feeling right for months lagged with the prodigal son (KRE) regional banks, tanking -2.65% along […]
Three Equifax Managers Sold Stock Before Massive Cyber Hack Revealed: Why Not Make Insider Trading Legal?
Equifax reports hackers accessed up to 143 million US consumers’ information. Equifax discovered the breach on July 29. Equifax discovered the breach on July 29. Just today, the public finds out about the breach. In the interim, three Equifax executives dumped about $1.8 million in Equifax shares. Hey, why not? It’s only a “small percentage” […]
Safe Havens On The Rise
Safe havens are rising. They are outperforming U.S. stocks. Safe havens include gold, silver, the Japanese Yen, and U.S. Treasuries. Markets rise and fall with trends. Typically, a trend send a group of assets higher and another group of assets lower. Since last summer stocks have been trending higher driven by a rise in interest […]
Enough With The Labor Shortage Already, It Doesn’t/Can’t Exist
Can we finally put to rest all notions that the US economy is at full employment and doing well, and therefore wage inflation is right around the corner? I suspect not. This dance has been ongoing for years now, continuing through what was nearly a recession, so there is little reason to believe that economists […]
Fed Quantitative Easing’s Dramatic Effect On Credit Markets In One Annotated Chart
Global central banks certainly haven’t succeeded in creating the type of robust recovery they ostensibly set out to facilitate in the wake of the crisis. At the very least, the coordinated effort in monetary insanity has taken a lot longer to “work” than its architects anticipated and that’s in no small part attributable to the […]
Cohn Is Out Of The Running To Be The Next Fed Chair
Auto Sales Weak In Beige Book The Fed’s Beige Book report was released Wednesday. That’s where the Fed gives its update on how it sees the economy now and where it might be going in the future. The key term was that there is modest to moderate growth which Steve Liesman says means 2% growth. […]
Tremor Video – Chart Of The Day
The Chart of the Day belongs to Tremor Video (TRMR). I found the video advertising stock by using Barchart to sort today’s Top Stocks to Own list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 8/10 the stock gained 61.86%. Tremor Video, Inc. offers technology-driven […]
