Author Archive: Jeremy Parkinson
E DKS Offers 11.17% Return For Brave Investors
Dicks Sporting Goods (DKS) suffered a horrendous year in 2017, dropping over 60% at one point before finishing the year down 45%. One thing I do at the end of each year is look at the worst performing industries and sectors. That was how I got long FSLR in 2017, you can read about that […]
Are We Underestimating The Blockchain?
Blockchain tech is constantly evolving, and new cryptos are arriving all the time. In our Crypto Asset Strategies service, Adam is always on the hunt for the next big cryptos. He believes we’re in the early stages of a monetary revolution. We’re still in the early days here… and it’s thrilling to imagine what the future […]
Stocks And Precious Metals Charts – Providence, The Hidden Hand
Unless you were buried by a snowdrift you know that the Fed did the expected today, increasing their benchmark rate by 25 bp and maintaining their vectors for three interest rate increases this year, and two next year. There was some feeling based on remarks in their statement that the Fed was signaling a bit […]
Shorten USD As Fed Does Not Change Rate-Hike Path For 2018
In line with expectations, the Federal Reserve raised the target range for the fed funds rate by 25 bp to 1.25% – 1.50%. The post-meeting statement highlighted a strengthened economic outlook and the Committee’s increased confidence to hit the inflation target before the end of this year. Along the same lines, the update Summary of […]
Market Talk – Wednesday, March 21
Core indices drifted lower today and possibly from the headline that the Central Bank continues to take steps towards opening its markets. Todays announcement that the domestic market will be open to foreign third party payment firms is another move towards internationalisation. Shanghai and Hang Seng closed with only small losses (-0.3% and -0.4% respectively), […]
Facebook Data Mining Scandal Could Burst The Tech Bubble
iStock.com/coffeekai Facebook and Other FANG Companies Under Pressure: Data Mining Scandal Could Burst Tech Bubble Facebook stock lost about 11% of its value in less than 48 hours. Is Wall Street about to experience the implosion of a new tech bubble? Or are the FANG stocks, which have made double-digit gains since the start of […]
Weekly Heating Oil Prices – Wednesday, March 21
We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.06, unchanged from last week and up 40 cents since […]
Dollar Dives On Reluctant Dot-Plot Upgrade
The Federal Reserve raised rates as expected but left the interest rate forecast for 2018 at three hikes. The Fed did upgrade the forecast for 2019, 2020, and the long-term, but the moves are limited. The US Dollar does not like this cautious approach and drops across the board. The FOMC decided to raise the interest rate […]
Gold Spikes As Hawkish Powell Sends Dollar, Bond Yields, & Stocks Lower
And it’s gone… The biggest post-Powell winner was gold… Stocks drifted higher ahead of The Fed, but Powell’s initial hawkish tone sent stocks lower – into the red for the day initially – but the machines quickly bid the dip… However, that did not hold… Bloomberg’s Andrew Cinko points out a potentially bearish […]
