Author Archive: Jeremy Parkinson
Friday’s Top Stock Stories
Stocks opened sharply higher and remained in positive territory for the entire session following the passage of a budget in the Senate, which was read as a sign of potential progress toward the Trump administration’s long-awaited tax reform plan. The early strength came despite the poor earnings report from General Electric (GE), which missed Wall […]
S&P 500 Snapshot: Up 0.51% From Thursday, 15% YTD
The S&P 500 opened Friday well above yesterday’s close and climbed throughout the day, closing with a daily gain of 0.51% and a weekly gain of 0.86%. Year-to-date, the index is up 15.02%. The U.S. Treasury puts the closing yield on the 10-year note at 2.39%. Here is a daily chart of the S&P 500. […]
“Great Rotation” Ahead; Will It Be Inflationary Or Deflationary?
Think back to the blaring headlines about the Great Promotion Rotation in the financial media in 2013. Perhaps the media circus started in January of that year when The Economist asked the question of whether the rise in bond yields signaled a “flight” out bonds and into equities. It was probably an earnest and right-minded question asked by The […]
Veritone Stock Analysis – Should You Join The AI Wave?
Veritone Inc. (VERI) is a cloud-based cognitive software company. In other words, it is a developer of artificial intelligence (AI) platform. It develops an exclusive artificial intelligence platform for numerous markets, not only in the US, but also globally. Artificial intelligence is perceived by many as the future solution to a majority of daily or more […]
One Trader Is ‘In A Good Mood’ Even Though Something ‘Horrible’ Could Happen This Weekend
Former trader and current man who is going to stay on hold for about another 61 seconds before he rips the phone out of the wall and throws it through a window, Richard Brelsow, is “in a good mood,” on Friday. That’s your breaking news right there. Richard actually says that in his final missive of week, […]
Loonie Tumbles After Canadian Retail Sales Suffer Biggest August Slump Ever
Blame the storms… oh wait! Despite rate hikes, exuberant discussions from BoC speakers about the economy, and ‘hope’ – a lot of ‘hope’, Canadian retail sales plunged in August. This is the biggest drop in retail sales since Dec 2015 and is the biggest August drop on record. And the reaction in the Loonie is […]
Markets…We Got Trouble: Debt & Retail Investors Prop Up Stocks
As the Dow Jones Index hits another all-time high today, smart money is rushing to the exits. You see, smart money knows when something is too good to be true. Unfortunately for the retail investor, they are doing quite the opposite. As institutions sell out on each new market price rise, retail investors are happily […]
Healthcare ETF (VHT) Hits New 52-Week High
Investors seeking momentum may have Vanguard Healthcare ETF (VHT – Free Report) on their radar now. The fund recently hit a new 52-week high. Shares of VHT are up approximately 29.2% from the 52-week low of $120.38/share. But could there be more gains ahead for this ETF? Let’s take a look at the fund and the near-term […]
EC Three Takeaways From The Q3 Earnings Season
We are in the thick of the Q3 earnings season now, with more than 700 companies on deck to release results this week, including 180 S&P 500 members. With results from 87 S&P 500 members already out, as of Friday, October 20th, we will have crossed the halfway mark by the end of this week. […]
The World’s Largest ICO Is Imploding After Just 3 Months
Earlier this summer, Tezos smashed existing sales records in the white-hot IPO market after the company’s pitch to build a better blockchain for cryptocurrencies made it one of the buzziest ICOs in the world. As we noted at the time, the company capitalized on that buzz by courting VC firms and other institutional investors with […]
