Author Archive: Jeremy Parkinson
The S&P 500, Dow And Nasdaq Since Their 2000 Highs – Friday, March 9
This update is in response to a standing request for real (inflation-adjusted) charts of the S&P 500, Dow 30, and Nasdaq Composite. It includes the latest monthly close data. Here are two overlays — one with the nominal price, excluding dividends, and the other with the price adjusted for inflation based on the Consumer Price […]
ECB Changes Tone, As BOJ Does The Expected
Yesterday, the ECB completed its two-day meeting and decided to leave interest rates and deposit facility rates unchanged at 0.0% and -0.4% respectively. All this was in line with what the traders were expecting and as such, the euro was little changed. While traders were waiting for the ECB rate decision, they were mostly focused […]
US Private-Sector Employment Surges In February
Hiring at US companies accelerated in February, rising 287,000, the biggest monthly advance in nearly two years, according to the Labor Department. The faster increase translates into the strongest year-over-year rise since last August. The upbeat data gives the Federal Reserve another excuse to raise interest rates at the March 20-21 monetary policy meeting. Today’s results also […]
Jobs Report Confuses Everyone Except Stocks, Which Are Not Confused
By some accounts, that jobs report should be just what the doctor ordered, although we’ll see how things shake out over the course of the day. We got a “bigly” beat on the headline print and an underwhelming AHE number which seems to be precisely what stocks needed. aaaaand Goldilocks. — Walter White (@heisenbergrpt) March 9, 2018 […]
5 Dividend Growth Stocks Raising Dividends By 10%+ In 2018
Investors looking for stable dividend stocks, should consider the consumer goods industry. As opposed to more volatile industries like technology or industrial manufacturing, the top consumer goods companies can keep earnings intact, in good economies and bad. Consistent profitability helps them sustain their dividends, and grow them on a regular basis. We have compiled a […]
Central Bankers Never Get It Right
Central bank heads have been at it again last week. And they have clearly all been singing from the same hymn sheet. The messages have been very similar from the bosses of the Fed, ECB and BOJ. The head of the Swedish Riksbank had a different and much more interesting message. More about that later. […]
Stocks & Bond Yields Jump After Mixed Messages From Payrolls
Dow futures jumped 200 points, Treasury yields spiked, and the dollar index dumped-n-pumped back to unchanged as payrolls beat but average hourly earnings growth slowed modestly… offering The Fed a bone. And the dollar dropped… then bounced back to unch Treasury yields are spiking higher…
What A Dictator Wants
Apparently, President Donald Trump knows what a dictator wants. They want to be treated rough. Instead of being coddled and respected, they want to make sure that the guy they are dealing with is as tough as he is, and only then can you gain his respect, or maybe his fear. Instead of starting a […]
The Sun Is Shining Again
With the recent trade wars now seen as less damaging than perhaps at first sight, and with Donald and Kim now threatening to become the best of buddies, financial markets are seeing a shift in sentiment as the sun peeps out from behind the clouds once more. And this is signaled most strongly in the […]
BOJ Maintains Stimulus Ahead Of Kuroda’s Possible Exit
The Bank of Japan maintained its monetary stimulus on Friday at Governor Haruhiko Kuroda’s last policy meeting before possible reappointment. The central bank kept its asset purchase program unchanged, citing weak inflation rate and external risks, while at the same time stating that the bank is not thinking of adjusting its monetary policy until 2 […]
