Author Archive: Jeremy Parkinson
Crude Oil – Wednesday, March 14
CL balancing on the uptrend line that started last September. source: INVESTING.com
February 2018 Producer Price Final Demand Year-Over-Year Inflation Again Marginally Increased
The Producer Price Index year-over-year inflation marginally grew from 2.7 % to 2.8 %. Analyst Opinion of Producer Prices The Producer Price Index marginally grew year-over-year. Here is what the BLS said in part: For the 12 months ended in February, prices for final demand less foods, energy, and trade services increased 2.7 percent, the […]
US Dollar Bounces From Support After Disappointing Retail Sales
US DOLLAR BOUNCES FROM SHORT-TERM SUPPORT The US Dollar is showing a mild bounce from support this morning after Retail Sales figures for the month of February printed in a rather disappointing manner. The expectation was for a .3% gain, and the actual print was for a -.1% contraction. This comes on the heels of last month’s -.1% […]
February Retail Sales: Down 0.1% MoM, Worse Than Forecast
The Census Bureau’s Advance Retail Sales Report for February was released this morning. Headline sales came in at -0.1% month-over-month to one decimal. Today’s headline number was below the Investing.com consensus of 0.3%. Core sales (ex Autos) came in at 0.2% MoM. December figures were revised. Here is the introduction from today’s report: Advance estimates of U.S. […]
Prudential Plc Announces Plans To Demerge M&G Prudential
Prudential plc (PUK) announces its intention to demerge its UK & Europe business M&G Prudential from Prudential plc, resulting in two separately-listed companies with different investment characteristics and opportunities. On completion of the demerger, shareholders will hold interests in both Prudential plc and M&G Prudential. As a standalone entity, M&G Prudential will be led by […]
Weak Nasdaq Leaves Biotech Stocks Stalled
Biotechs Stalled at Resistance Given No Help From Nasdaq Mixed Day in Biotech Favoring Large Caps Political Drama Intervenes Again The XBI traded down 1% to $95.94 at its key resistance level while the Nasdaq was down about the same and the QQQ down slightly more 1.36% to $171.71 near it’s all time high of $175.21. A rally at […]
This Is What A Broken Market Looks Like: No One Traded 10Y JGBs On Tuesday
You know, I saw this yesterday and I wasn’t going to dedicate a separate post to it, but I think I will because if nothing else, it’s absurd and readers seem to like things that are absurd (like “Space Force“, for instance). Early yesterday morning, I tweeted this: Lol. Japan 10-Year Govt Bonds Untraded for […]
Bitcoin; Risky Business Price Point In Play Here
Bitcoin remains is a solid bull trend as it has spent the majority of the past 6-years inside of rising channel (1). A couple of months ago it hit the top of the rising channel when it was trading around 20,000 and weakness started. Over the past year, Bitcoin has been creating what looks to […]
Should You Buy Lincoln Electric At This PE Multiple?
Lincoln Electric Holdings, Inc. (NASDAQ: LECO) trades at a P/E multiple of 24.7x, which is higher than the Industrials sector median of 22.9x. While this makes LECO appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the P/E ratio. […]
Wages: Same As It Ever Was?
With the second jobs report for 2018 now in the books, investors have once again witnessed a similar tale: solid job growth but no real progress on the wage front. This dynamic has certainly perplexed the money and bond markets, and I’m sure Federal Reserve (Fed) chair Jerome Powell was scratching his head as well. In fact, […]
