Author Archive: Jeremy Parkinson
Morning Call For Friday, October 27
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.21%) this morning are up +0.25% and European stocks are up +0.63% at a 2-year high. U.S. stock index futures rose after the U.S. House passed a resolution that brings tax cuts a step closer. Also, technology stocks gained with Alphabet up 3% in pre-market trading and Amazon.com […]
Tesla Downgraded To In Line On Model 3 Caution At Evercore ISI
As previously reported, Evercore ISI analyst George Galliers downgraded Tesla to In Line from Outperform citing a more cautious view on Model 3 production. While he said he remains positive on Tesla as a company, Galliers added that “clearly” Q3 production was weaker than Tesla expected and at this point, he has little insight […]
The ECB: Moving The Goalposts Or Real Tapering?
Is the “normalizing monetary policy musical chairs” trend now moving in the European Central Bank’s (ECB) direction? The Federal Reserve (Fed) started the process in December 2015 by beginning to remove its zero interest rate policy and followed the process to its next step, paring down its balance sheet starting in October. The Bank of Canada joined the rate-hike party in July, while […]
Weekend Reading: Markets Love Central Banks – No Matter What They Do
I discussed yesterday, the apparent “myth” of the Fed’s proposed “balance sheet reduction” program as the most recent analysis shows a $13.5 billion “reinvestment” into their balance sheet which has helped fuel the recent market advance. But therein lies the potential “fatal flaw” of the “bullish logic.” At the September FOMC meeting, the Federal Reserve announced their latest decision which contained two primary components: No […]
Why For Euro Bulls The Pain Is Only Just Starting
Judging by the 200 pip tumble since the ECB’s meeting on Thursday, the EUR/USD was at 1.1614 moments ago, the unexpectedly dovish taper clearly surprised many, and attention has fallen on the open-ended nature of the operation as the focus of that surprise. And speaking of said “open-ended” taper, overnight Boersen-Zeitung reported that Bundesbank President Jens […]
Tax Cuts Are Bullish For Oil
While the recent surge to 2-year highs on Brent Crude may slow because of a strong dollar. Yet, the expected march to a tax cut deal in the U.S. is bullish for oil. Tax cuts will equate to growth and that is music to oil bull ears. Demand that has already been surging around the […]
A “Marcus Trifecta” Look At Markets
Over the last few months, I’ve written about how we expect growth and inflation to pick up and surprise to the upside in the coming quarters. This belief is built on positive pressures we’re seeing within the economy as we move into the ‘overheat phase’ and the world benefits from the wealth S-curve tipping point. And with the […]
US 30-Yr Treasury Yield
The bond yield will soon challenge its long-term downtrend. Source: INVESTING.com
Sensex Finishes The Week On A Flat Note; Energy & Bank Stocks Plunge
Indian share markets finished the trading week on a flat note after hitting record highs earlier during the day. At the closing bell, the BSE Sensex closed higher by 10 points and the NSE Nifty finished down by 21 points. The S&P BSE Mid Cap finished up by 0.3% while S&P BSE Small Cap finished up by 0.2%. Gains were largely seen in pharma stocks and automobile […]
FTSE Elliott Wave Analysis: Ended Correction
FTSE Elliott Wave view suggests that decline to 7199.5 ended Primary wave ((4)). Up from there, the rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and pullback to 7289.75 ended Minor wave 2. Rally to 7494.34 ended Minor wave 3, and pullback to 7473.12 ended Minor wave 4. Minor […]
