Author Archive: Jeremy Parkinson
What Made Gold Go Up
Yesterday, the Department of Labor announced that initial jobless claims dropped. Quite a lot. So naturally, markets reacted. The stock market began to rise. The euro rose, at least for a while. And the prices of our favorite heavy metals rose, particularly silver. Silver was around its low of $16.92 before the report. Two and […]
What Do Low Yields Imply For Bond Allocations?
Yields are still low but the Federal Reserve is expected to lift interest rates further. Conventional wisdom says that this scenario makes bonds a toxic asset class going forward. Maybe, but the analysis is more nuanced when we consider fixed-income from an asset allocation perspective, as a recent report from AQR Capital Management advises. The […]
Why October Is The Scariest Month For Stock Prices
Every October, many stock market investors celebrate their own pre-Halloween scare tradition, thanks to a calendar-based phenomenon called the “October Effect”, which is “the theory that stocks tend to decline during the month of October.” As Investopedia goes on to describe it, “the October effect is considered mainly to be a psychological expectation rather than […]
General Electric Company Q3 2017 Earnings Miss Sinks Shares
General Electric (GE) Q3 2017 earnings were released before opening bell this morning. The company posted adjusted earnings of 29 cents per share on $33.5 billion in revenue, coming up far short of the earnings consensus at 49 cents per share but beating the revenue estimate of $32.71 billion. In last year’s third quarter, GE […]
Financials Looking To Breakout Of Recent Consolidation, Energy Looking To Roll Over
My Swing Trading Approach Still long on the market. I dabbled to the short side some yesterday, it didn’t work. Now that is out of my system, I remain long and will look to add 1-2 new positions today on market strength. Indicators VIX – Pretty much flat yesterday, but that is quite impressive when you […]
Gold Up 74% Since Last Market Peak 10 Years Ago
10 year anniversary of pre-Global Financial Crisis market peak in S&P 500 on October 9th Gold up 74% since the last market peak a decade ago; 11% pa in USD, 9.4% pa in EUR and 12.4% pa in GBP Precious metal has climbed $736/oz on Oct 9th 2007 to $1278.75 ten-years later S&P 500’s 102% climb […]
EUR/USD And GBP/USD Forecast – Friday, Oct. 20
EUR/USD The EUR/USD pair broke out during the trading session on Thursday, slicing above the 1.18 level above. By doing so, we triggered a buy signal based upon hammers from the previous 2 sessions, and that means that the market will probably go looking towards the 1.19 level, and then possibly the 1.20 level. I […]
Morning Call For Friday, Oct. 20
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.21%) this morning are up +0.23% at a new record high on optimism that the Trump administration will be able to enact its tax reform plans after the Senate adopted a fiscal 2018 budget resolution by a 51-49 vote. Final approval of the measure will enable a […]
With European Sentiment Up, Market Cap Focus Should Be Down
The first three quarters of 2017 have started to see the long-awaited passing of the baton from U.S. markets to overseas markets. Year-to-date through September 30, the MSCI Europe, Japan and EM Indexes all outpaced the S&P 500.1 Given the younger ages of their respective rallies (consider this: if the U.S. bull market that was born in March 2009 were a person, it would […]
Weekend Reading: 24000 By Christmas?
This past week, the Dow crested 23000 sending the networks into a “tizzy.” It took about 5-minutes of crossing that magical “round number,” before questions raised of how long before the markets cross 24,000, and 25,000. The chart below shows the 1000-point milestones of the Dow going back to 2009. After a long break between 18,000 and 19,000 in […]
