Author Archive: Jeremy Parkinson
If Someone Doesn’t Explain Why Stocks Are Lower, You Might Just Have To Buy Gold
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what, generally speaking, is a pretty mild decline in global risk assets. U.S. investors woke up to a […]
EURUSD Recovers, Eyes Further Bull Pressure Towards 1.1879 Region
With the EURUSD pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break […]
Philly Fed Manufacturing Index: Continued Growth In October
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Why Are These 6 Dow Stocks Fairly Valued? – Part 4
<< Read More: Are These The 6 Best Stocks In The Dow Jones Industrial Average? – Part 3 << Read More: The 6 Most Expensive Stocks In The Dow Jones Industrial Average – Part 2 << Read More: The 6 Most Expensive Stocks in the Dow Jones Industrial Average – Part 1 Introduction Thus far, with the first […]
EUR/USD Support Bounce, USD Drops Ahead Of Pivotal ECB Meeting
Next week brings a pivotal ECB rate decision on Thursday. This is the last rate decision before the bank’s December meeting in which the current stimulus program is set to expire, and the large expectation for next Thursday is that we’ll see the European Central Bank ‘recalibrate’ their stimulus program. In latter September, the ECB’s Chief […]
Parallels Between 1987 Stock Market Crash And Today?
Steve Sosnick, Chief Options Strategist at Interactive Brokers, breaks down some similarities between the 1987 market and the current market. Video Length: 00:04:25
IBM Seems To Be Making Slow But Steady Progress
In its recent third quarter results, IBM (NYSE: IBM) came quite close to breaking the streak of 22 straight quarters of revenue declines. However, despite the revenue decline of 0.4%, it handily beat revenue and earnings estimates and looks set for a boost to its stock. IBM’s Financials Revenues for the third quarter declined 0.4% to […]
USD/JPY And AUD/USD Forecast – Thursday, Oct. 19
USD/JPY The US dollar rallied significantly during the day on Wednesday, breaking the top of the shooting star from Tuesday, which is always a very bullish sign. We tested the 113 level, and seemed to be ready to break above there. The fact that we close towards the top of the range is a good […]
Underlying Industrial Production Trend Ex-Hurricanes Remains Positive
A few weeks ago, I suggested a hurricane workaround for industrial production. That approach was to average the four regional Fed indexes excluding Dallas, and add the Chicago PMI, and finally discount for the unusual strength this year in these regional indexes vs. production. Here was my conclusion: The average of the 5 is 22.9. Dividing that […]
“It’s A Synchronized Global Risk-Off” On The Anniversary Of Black Monday
As Nanex’ Eric Hunsader shows, today’s trading session is shaping up – at least for now – as the biggest post-midnight selloff in the S&P in 2017. With a notable risk-off tone… Yield Curve Inverts, Yuan Slides As China GDP Growth Slows Despite all the talk of deleveraging, China did anything but according to its […]
