Author Archive: Jeremy Parkinson
GBP/USD: Reverses Losses On A Rally, Eyes 1.3300 Zone
GBP/USD: The pair took back its Tuesday losses on a rally on Wednesday. This development has opened the door for more strength towards the 1.3300 zone. Support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level. Below here will set the […]
A Market Outlook For The S&P 500, Price Of Copper And China
Last week, we provided our readers with an update on our S&P 500 forecast where we mentioned that the market correction didn’t happen in September / October 2017 but that doesn’t mean it won’t happen. We mentioned the following: We still remain very suspicious, and though the timing of our forecast is way off, we still believe […]
Headline Durable Goods Orders Up In September, Last Three Of Four Months
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in September increased $5.1 billion or 2.2 percent to $238.7 billion, the U.S. Census Bureau announced today. This increase, […]
The Coca-Cola Co 3Q17 Earnings Beat Estimates
The Coca-Cola Co (NYSE: KO) 3Q17 earnings were released before opening bell this morning, and the company posted non-GAAP earnings of 50 cents per share on $9.08 billion in sales. Analysts had been expecting earnings of 49 cents per share on $8.73 billion in revenue. In last year’s third quarter, the beverage maker reported earnings of 49 […]
Durable Goods Orders Bounce In September – Remain Below 2007 Highs
While total durable goods orders have stagnated below 2007 highs for the last 4 years, thanks to a better-than-expected 2.2% jump in September, the YoY gain was an impressive-sounding 8.3% (the 8th month in a row of annual gains). Context is king… Under trhe covers, eveything was rosy: U.S. Sept. Durable Goods Orders Rise 2.2%; Est. Up 1% […]
Aussie Dollar Dips On Data
The Australian Dollar tumbled about 0.8% versus the US Dollar after Aussie inflation data disappointed market players. The Australian Bureau of Statistics reported that 3rd quarter CPI unexpectedly slowed, both quarter-over-quarter and year-over-year, to 0.6% and 1.8%, respectively, below expectations of 0.8% and 2.0%. On a quarterly basis, CPI was still above the last quarter […]
What Makes A Good Economic Model?
In order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display of historical data. It is generally held that by means of statistical correlations one can organize historical data into a useful body of information, which in turn can serve as the […]
Enbridge Inc Stock Struggles To Keep Up With The Market
As far as the stock market goes, pipeline companies are about as safe as investors could ask for. The dividends are relatively stable and the Beta is often less than 1.0. Beta is simply a calculation that represents the tendency of a stock’s returns to respond to swings in the general market. It’s determined by […]
The Price And Maria
The bullish fundamentals on oil are becoming more apparent as both Saudi Arabia and Russia are signaling that they are committed to reducing the global oil supply glut and that they are signaling an extension of the current production cut agreement to the end of the year. Yet, it was comments by Saudi Crown Prince […]
Founding Trio Of $158 PE Titan Carlyle Is Stepping Down From Day To Day Operations
Carlyle, the favorite private equity firm of Washington D.C. and the “military industrial complex”, has named two executives as successors to the ageing founders of the $158 billion fund, the latest rare move in an industry where similar succession plans are not usually telegraphed in advance. Kewsong Lee and Glenn Youngkin have been appointed as […]
