Author Archive: Jeremy Parkinson
This Marketwide Weakness Isn’t Really About Politics
The knee-jerk explanation for Thursday’s weakness is more political volatility; Trump attorney John Dowd is stepping down, alluding to continued turmoil in the White House. Investors are also still digesting Wednesday’s expected rate hike, parsing the new language with new chairperson’s Jerome Powell’s first such decision. Inflation may be a little less tamed than had […]
Stocks And Precious Metals Charts – A Banquet Of Consequences
Stocks continued selling today. What was particularly discouraging for the bulls is that there was no afternoon rally. In fact, the selling accelerated in the last hours of trading, and the major indices went out on the lows, and on heavier volume. One might point to the new tariffs to come on China, and fears of […]
Leaders Lag And Laggers Lead
It’s been a pretty nutty week for the equity market over the last four days as sectors which had been holding things up have sold off sharply, while sectors that had been left for dead, have been picking a little bit up of late. The charts below show the relative strength of the S&P 500 Technology […]
Cable Pulls Back On BOE Minutes
Just a quick catch up with what has been happening with Cable following the FOMC and the BOE earlier today, and all we can say is that from a price action perspective it’s been very much a game of two halves. Powell’s first outing as Fed chair saw the USD fall sharply resulting in a […]
5 Industrial Stocks To Buy As Manufacturing Activity Rises
Of late, upswing in the U.S. industrial production has been dominating headlines, signaling robust growth in manufacturing activity. The 1.1% rise in industrial production in February has given a new reason to cheer the performance of the industrial products sector considering that it is a significant turnaround from January’s 0.3% decline. The rebound in construction […]
If Powell Is Angry And Disgusted, That’s A Small Positve
According to one research company, new Federal Reserve Chairman Jerome Powell was disgusted and angry at his press conference yesterday. The firm, Prattle, employed facial recognition software to track Powell’s expressions throughout his inaugural press conference. By their count, he was disgusted 36 times, angry 41 times, and expressed contempt another five. Powell conveyed joy on […]
It’s Not Just LIBOR Pointing To Rising Financial Stress
Many have noted recently that the spread between 3-month LIBOR and the overnight interbank lending rate has now risen to the highest level since the financial crisis, typically a sign of rising financial stress. At the same time, many have noted that this time there are other dynamics at work that suggest the rise is […]
S&P 500 Snapshot: Down 3.8% From Last Thursday
This week, the S&P 500 continued to decline with 3 days of losses. The index closed Thursday at its lowest yet of the week and fell 3.77% from this time last week. It is down 1.93% YTD and is 8.0% below its record close. The U.S. Treasury puts the closing yield on the 10-year note […]
