Author Archive: Jeremy Parkinson
Carnage… Everywhere
“It’ll be fine,” they said… “You buy the dip,” they said…”just follow my tracks”… Post-Powell, Gold is the big winner… Only Nasdaq remains in the green for the year, as Small Caps joined the rest in the red this week… But it was an ugly week for global markets. Equities be like.. pic.twitter.com/1dzfOf4e8t — Eric […]
GDPNow “Real Final Sales” Forecast Remains 1.1%
GDPNow and Nowcast GDP estimates came out today. I believe the GDPNow estimate is closer to the right track. The GDPNow forecast continues its trend of “falling like a rock” over the course of a quarter. Meanwhile, “I am a Rock” best describes the Federal Reserve Bank of New York (FRBNY) Nowcast. GDPNow Latest Forecast: 1.8 Percent – […]
4 Low Beta Stocks To Buy As Trade War Looks Real
President Donald Trump finally set in motion tariffs on as much as up to $60 billion in Chinese imports on Thursday. Consequently, China too has announced plans for reciprocal tariffs on $3 billion of imports from the United States, giving rise to fears of an ensuing trade war. This saw the Dow once again tumbling […]
Dell’s Pivotal Software Files For Initial Public Offering
Pivotal Software, whose majority stockholder is Dell Technologies (DVMT), filed this afternoon with the SEC for an initial public offering. Pivotal, which listed an initial offering size of $100M in its filing, describes itself as a “leading cloud-native platform that makes software development and IT operations a strategic advantage for our customers.” It says it […]
US Stock Market – How Bad Can It Get?
SPX, Quo Vadis? Considering the Crash Potential In view of the fact that the stock market action has gotten a bit out of hand again this week, we are providing a brief update of charts we have discussed in these pages over the past few weeks (see e.g. “The Flight to Fantasy”). We are doing […]
E Stock Of The Week: Coherent, Inc
Coherent, Inc. is a leading supplier of lasers and laser technology for scientific, commercial, and industrial applications. But can it keep up its torrid pace of making money?
The Real “Killer Application” For Crypto
In the early days of the internet, opinions varied on how popular the new technology would be with the public. Nobel-Prize-winning economist Paul Krugman infamously doubted the web’s potential, saying, “By 2005 or so, it will become clear that the internet’s impact on the economy has been no greater than the fax machine’s.” Despite the […]
E USD/CAD Short In Profit After Canadian CPI Data
Canada’s annual inflation rate in February jumped to 2.2% from 1.7% in January, the highest level in more than three years. The annual rate was above the 2.0% market forecast. The data supported the loonie. Separate data showed that Canadian retail sales grew by a less-than-expected 0.3% in January from December. Investors shrugged off weaker […]
One Change The Bitcoin Posse Is Unlikely To See
“Bitcoin will reach the moon,” they said. “$20,000 is only the beginning,” they pressed. The harsh reality of the recent move is that appreciation has been nowhere in sight. Harsh, that is, if you haven’t been positioned properly. Are Bitcoin traders bound to be left with their teeth clenched, watching Bitcoin fluctuate? No. There’s a […]
A Day Will Come When Lithium-Ion Battery Recycling Is Practical, But It Is Not This Day
In the US, lead-acid batteries have a near perfect recycling record of 99.3% and recycled lead from used batteries satisfies over 80% of domestic demand. Roughly 85% of lithium-ion batteries are discarded because there is no infrastructure, collection, sorting and transportation are challenging and used electronics, including their batteries, frequently end up in China. Lithium-ion […]
