Author Archive: Jeremy Parkinson
Bonds Away
Today would have been quite interesting, had it not been for the damned buy-the-dip crowd. One area, however, that’s really starting to break down is high yield bonds. Check this out: Indeed, the HYG and SPY are diverging quite nicely: Anyway, like I said, the day started off great……..but, Jesus Christ on a pita biscuit, […]
Equifax Reports Q3 Adjusted EPS $1.53, Consensus $1.50
Equifax (EFX) reports Q3 revenue $834.8M, consensus $847.05M. The company said, “As we report our third quarter results, we recognize that we have an important journey in front of us to regain the trust and confidence of consumers and our business customers. Our teams have taken immediate actions to improve our data security and provide […]
Macy’s Results Show Rocky Road For Retail
Macy’s (M) is one of the nation’s premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Prior to June 1, 2007, Macy’s was known as Federated Department Stores. […]
Green Bonds Boom Set Hit A Record This Year
The green bonds boom is only growing in size. Today, rating agency Moody’s reported that green bond issuance hit a record high in the third quarter of this year demonstrating the expanding demand for ethically-labeled fixed-income instruments from investors. Green bonds were created to fund projects that have positive environmental and climate benefits with the majority of bonds […]
Cable Dumps’n’Pumps As EU Official Says No Brexit Talks Breakthrough
Brexit talks yielded no breakthrough on the financial settlement, and discussions focused on the issue of citizens’ rights, where the two sides are hoping for progress, an EU official told reporters. Bloomberg notes that the anonymous official added that no breakthrough was expected on the bill, as that would require high-level political input, and as Citi notes, this […]
Cryptos May Destabilise Fiat
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is firmly money in the minds […]
Stock Market Buy The Dip Rallies Have This Trait In Common
The sell-off looks really good at first, when it breaks the 5-day and 10-day moving averages. Then it takes out the 20-day moving average and it looks like this time is a bit different. But then the afternoon rolls around… From there, the only thing the market can do is continue pushing higher, and that […]
Why Doesn’t Gold Get The Respect It Deserves?
A longstanding curiosity in the investment business has been the disinterest in precious metals among institutional investors. Whether from the handful of consultants now leading the institutional space, or directly from the stewards of our nation’s pension, endowment, and family-office wealth, skepticism over gold’s portfolio relevance remains fairly pervasive. Because investment professionals are generally well […]
FV Top Ranked Tech ETFs For Long-Term Investors
Video Length: 00:07:46 Tech sector is the best performer year-to-date, with a gain of 31.6%–more than double of S&P 500’s rise of 15.7%. Some of the big names in the industry including Apple (AAPL – Free Report), Alphabet (GOOGL – Free Report), Microsoft (MSFT – Free Report) and Intel (INTC – Free Report) delivered better than expected Q3 results and provided upbeat guidance. […]
Market Talk – Thursday, November 9
Finally we saw a little profit-taking in the Nikkei today, after having touched 26 year highs in earlier trade. The sell-off was not so much but felt more after spending the majority of the day in positive territory. The Yen moved stronger but that was later in the trading day after news of possible delays to 2019 […]
