Author Archive: Jeremy Parkinson
The Federal Reserve Strikes Again!
With a concerned look on his face, my friend John said, “A special assessment would be close to $5,000 per home.” My wife Jo and I live in a Del Webb community in the Phoenix suburbs. Our community is responsible for maintaining our own roads. Here is the conversation that followed: John – “Most roads […]
Daimler One-Ups Elon Again; Reveals Electric Semi-Truck Weeks Before Tesla
Weeks before Tesla was supposed to shock the world by revealing their battery-powered semi-truck, Mercedes has once again one-upped the Silicon Valley darling by beating them to the punch. As Bloomberg points out, earlier Daimler revealed their E-Fuso Vision One prototype, an electric semi-truck that can carry 11 tons of cargo some 220 miles before having to […]
Blockchain And Gold Like Peanut Butter And Chocolate?
Even before the emergence of Bitcoin and the growing plethora of cryptocurrencies, several attempts had been made in the past to create digital currencies based on gold, but none of them gained widespread support. Will blockchain and Bitcoin succeed where other attempts failed? One of the common criticisms and challenges of bitcoin and other cryptocurrencies […]
WTI Crude Oil And Natural Gas Forecast – Thursday, October 26
WTI Crude Oil The WTI Crude Oil market fell during most of the session on Wednesday, reaching down towards the $52 level underneath. The $53 level above is resistance, and I think we need to break above there to pick up significant momentum, and continue the uptrend. When you look at this chart, it’s obvious […]
Canadian Dollar Weakens Further Despite Earlier Policy Warnings
Central banks are getting pretty good at having it both ways. Despite two rate hikes, one in July and one in September, the Bank of Canada (BoC) has talked its way to a net no change in the Canadian dollar (FXC) versus the U.S. dollar (DXY0). The U.S. dollar made a higher high against the […]
Day 279: China Still Not Yet Declared A Currency Manipulator
Not that I’m complaining. But seriously, it’s far past the “day one” of the new Administration when Donald Trump promised China would be declared a currency manipulator. The Treasury’s report was released last week. Treasury uses the following criterion: Pursuant to Section 701 of the Trade Facilitation and Trade Enforcement Act of 2015, this section of the […]
Gold Rises As Dollar Eases Ahead Of ECB Meeting
Gold prices ended Wednesday almost unchanged after a volatile session that saw prices swing between gains and losses as investors opted to remain on the sidelines ahead of the European Central Bank meeting. In the latest economic data, durable goods orders jumped 2.2%, while the prior print of 1.7% was revised higher to %2.0. Despite […]
Crude Oil Prices Fall With Stocks As Gold Gains In Risk-Off Trade
Crude oil prices edged lower, with the WTI benchmark tracking the S&P 500 downward to suggest broader risk appetite were the culprit behind the selloff. Markets shrugged off EIA inventory data that fell in line with API projections released Tuesday showing a slight build in raw-material stocks and strong outflows from refined product storage. As for the reason […]
Not Every FANG Made Goldman’s Super- Awesome New Growth Stock Team
Goldman spent what looks like a shit load of time scouring the globe for “secular growth stocks.” And the reason you should care about this is because when things are going ok, but not great, growth should outperform value. As far as Goldman is concerned, that’s what you’re about to see in terms of the […]
ECB Preview: Here’s What Draghi Will Announce On Thursday
Thursday’s ECB meeting is expected to be one of the most important in recent years: Mario Draghi has signaled, and is widely expected to announce a blueprint of what the central bank’s QE tapering will look like beyond 2017, and while no actual tightening will be implemented – either via rates of asset purchases – […]
