Author Archive: Jeremy Parkinson
How Does A Dynamic Portfolio Stack Up Vs. 60/40?
Implied volatility is low, but realized volatility is even lower. Many equity investors are concerned about valuations, but strong earnings growth has led to double-digit returns year-to-date.1 In fixed income, the Federal Reserve (Fed) has continued along its path of tightening, but rates are lower year-to-date at tenors greater than five years. Overall, a seemingly naive 60% equity/40% fixed income portfolio2 has delivered […]
The Key Risk From Draghi Isn’t A Taper Tantrum, It’s This…
Ok, so as noted on Sunday, Mario Draghi is probably going to thread the needle today. Here’s what we said: This telegraphing was itself telegraphed (remember: there’s now forward guidance for the forward guidance – that’s how absurd things have gotten) earlier this month when Bloomberg reported that the ECB is set to cut QE in half starting in […]
Deutsche Bank Trading Revenue Plunges 30% As CEO’s Time Running Out
Deutsche Bank’s Q3 2017 revenues were €6.78 billion, below market expectations of €6.88 billion. The share price fell 2.7% shortly after the European market open. The problem – like the previous quarter – was a bigger-than-expected drop in trading revenues. Trading revenue was down 30% year-on-year to €1.512 billion versus €2.162 billion in Q2 2017. […]
Will Value Investing Rise From The Dead?
Value investing may not be a victim of the grim reaper, but the strategy’s certainly giving a convincing impression of a cadaver. Jocelin Reed at AJO, a value-oriented investment shop in Philadelphia, points out in a recent note that buying big-cap US stocks that fall into the value bucket – priced at relatively low valuations – has […]
GBP/USD Daily Analysis – Thursday, October 26
GBP/USD broke above a major resistance level at 1.3228, indicating that the pair is in short term uptrend from 1.3087. Further rise could be expected and next target would be at 1.3337. A breakout of this level could take price to 1.3400 – 1.3450 area. Support is at 1.3087, only a breakdown below this level […]
T-Note Yield – Thursday, October 26
Yield trying to prove yesterday’s breakout fake. Source: INVESTING.com
EUR/USD: The Price Has Returned To The Trend Line
Previous: On Wednesday, trading on the euro/dollar pair closed up. Buyers were unfazed by positive US data and the drop on the euro/pound cross. When the euro started correcting against the British pound and US 10Y bond yields started to drop, growth on our pair gathered pace. This surge petered out at around 1.1818. Demand […]
5 Tech Titans With Amazing Earnings Charts
(Video length 00:04:21) This is a big week for earnings, with over 800 companies expected to report, including many Dow Industrial and S&P 500 companies. But everything will grind to a halt when these 5 technology titans report earnings this week. These 5 companies are widely-held and watched by Wall Street and investors alike. Some […]
ECB Preview: QE Exit Strategy To Influence EUR/USD
– European Central Bank (ECB) to Preserve Zero-Interest Rate Policy (ZIRP). – Will the ECB Retain the December Deadline for the QE Program? Trading the News: European Central Bank (ECB) Interest Rate Decision Even though the European Central Bank (ECB) remains in no rush to remove the zero-interest rate policy, the fresh updates from President Mario Draghi and Co. may […]
The Order Book — What Traders Must Know About Supply And Demand
John Grady is an independent futures trader from Florida, who primarily trades Treasury bonds. His trading is purely discretionary, based upon his read of order flow. Essentially, he’s a scalper. Until recently, I’d never really taken the time to understand the order book and make sense of order flow. Sure, I understood the order book […]
