Author Archive: Jeremy Parkinson
Sensex Opens Strong On Firm Global Cues; Metal & Realty Stocks Lead
Asian stock markets are higher today as geopolitical tensions eased off after North Korea’s missile launch. The Nikkei 225 is up 0.55% while the Hang Seng is up 0.76%. The Shanghai Composite is trading flat. Meanwhile, stock markets in America finished in green overnight. Back home, share markets in India have opened the day on a firm note. The BSE Sensex is trading higher […]
Stocks To Watch: KTOS, ATI, ZION
Today’s stock picks Short Kratos Defense & Security Solutions (KTOS) Short Allegheny Technologies (ATI) Long Zions Bancorp (ZION)
Crude Oil Prices Break Range Support, Gold May Fall On US Data
Crude oil prices continued to reckon with the impact of Tropical Storm Harvey. The WTI benchmark initially faced selling pressure amid continued concerns that hurricane-induced refinery shutdowns will undermine efforts to work through a supply glut, echoing yesterday’s price action. That narrative seemed to change however as amid reports that raw-material producers may respond to lingering pipeline disruptions […]
Gold Prices Fell In U.S. Trading On Tuesday – Gold Market Update
Gold prices fell in U.S. trading on Tuesday, erasing earlier gains, as a rebound in stock markets put pressure on the metal. U.S. stock indexes were higher in afternoon action and the greenback recovered some of its recent losses. XAU/USD headed back towards the 1312 level following the rejection of the resistance area I pointed […]
Russia Backpedals On Bitcoin – Unveils Plan To Ban Cryptocurrency Sales To “Ordinary People”
After local Russian media reported earlier this year that the Russian Parliament could legalize bitcoin as soon as 2018, Deputy Finance Minister Alexei Moiseev this week signaled that authorities might instead seek to restrict its use. During an interview with Russia 24, a state-owned news channel, Moiseev said that Russian authorities should treat cryptocurrencies, including bitcoin, […]
Harvey Silver Lining: Odds Of Government Shutdown Fall To ‘Just’ 35 Percent
Well, if you were looking for the silver lining in the catastrophic flooding that accompanied Hurricane Harvey, Goldman is happy to oblige. As expected, analysts of all stripes have bent over backwards this week to try and quantify the impact of the storm on whatever sector or asset class they happen to cover although it […]
Moscow Rules (For ‘Dollars’)
In Ian Fleming’s 1959 spy novel Goldfinger, he makes mention of the Moscow Rules. These were rules-of-thumb for clandestine agents working during the Cold War in the Soviet capital, a notoriously difficult assignment. Among the quips included in the catalog were, “everyone is potentially under opposition control” and “do not harass the opposition.” Fleming’s book […]
Is The US Economy Doing Just Fine?
With or without Trump’s help, the US economy is doing just fine. What does that mean for the US stock market? Consider Urban Carmel: “No Reason to Suspect Bull Market Has Ended” “The reality is that bull markets end when economic expansions end and the balance of the evidence suggests that the economy continues to expand…on […]
Vice Index – Consumer Spending & Confidence Rolling Over
Vice Index Data: Downshifting One of the important aspects of the U.S. economy is that recent business cycles have been longer. But also shallower. I believe that the internet is playing a big role in this “lower-for-longer” phenomenon. Increased communication that is the essence of the internet has also meant: a) Pricing power reduction: Consider what […]
