Author Archive: Jeremy Parkinson
Market Talk – Tuesday, Nov. 7
The Nikkei (+1.75%) had the strongest session in Asia today, helped by the continued rally in oil (+3% on Monday) prices and strong earnings. The Nikkei reached new 26 year highs earlier on optimism of growth, mergers and fresh international investment. The index moved stronger from the opening, eventually closing at the highs of the […]
Furniture Sellers Slide As Amazon Unboxes Private-Label Brands
Shares of retailers of furniture and home goods, including Wayfair (W), Williams-Sonoma (WSM), RH (RH) and Ethan Allen Interiors (ETH), are slipping after Amazon (AMZN) took the wraps off its first private-label furniture brands. PRIVATE-LABEL FURNITURE BRANDS: Amazon has introduced “Rivet” and the more modern and higher-priced “Stone & Beam” private-label furniture brands. According to […]
Bi-Weekly Economic Review: Gridlock & The Status Quo
The good news is that the economy just printed its second consecutive quarter of 3% growth, a feat not accomplished since Q2 and Q3 2014. The bad news is that the growth spurt in 2014 was better, quantitatively and qualitatively. Those two quarters produced gains of 4.6% and 5.2% (annualized) in GDP, much better than […]
Short-Volatility Fund Cash Levels Hits Record High
While VIX futures and options speculators have pulled back (albeit very marginally) from their record short positions in the last week, ETF products betting that volatility will sink lower have never been more popular. As VIX collapsed to an 8 handle and record low close last week, futures and options specs did pull back very modestly… […]
Pipe Dream Short Setups
Sure the stock market is selling off right now, but I wouldn’t let that compel you into thinking that this market is going to fall into a bigger sell-off at this point. I mean, as of this post, the S&P 500 has only sold off a whooping 2.8 points today! Though 2.8 is the new […]
Implied Correlations And The Death Of RO-RO
In this video we look at the CBOE Implied Correlation Index and the general evolution of correlations for the S&P500 and what it means for traders and investors. Specifically, the video walks you through a couple of slides of a recent edition of the Weekly Macro Themes report. In the video, we talk through how the Implied Correlation […]
September 2017 Headline JOLTS Job Openings Again Little Changed
The BLS Job Openings and Labor Turnover Survey (JOLTS) can be used as a predictor of future jobs growth, and the predictive elements show that the year-over-year growth rate of unadjusted private non-farm job openings insignificantly declined. The headline view shows little change. Analyst Opinion of JOLTS Data JOLTS had been showing little year-over-year job […]
Tractor Supply Company Declares Quarterly Dividend
BRENTWOOD, Tenn., Nov. 07, 2017 (GLOBE NEWSWIRE) — Tractor Supply Company (Nasdaq:TSCO), the largest rural lifestyle retail store chain in the United States, today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of the Company’s common stock. The dividend will be paid on December 5, 2017, to stockholders […]
A Belief That Tax Reform Will Drive Markets Even Further
Eddie Ghabour, Co-Owner of Key Advisors Group LLC, joins me today to share his thoughts on how tax reform will impact the markets. We discuss which sectors tax reform would benefit most and why he thinks it is not priced into the markets yet. Audio Length: 00:09:03
