Author Archive: Jeremy Parkinson
Nearly All Of The Crypto Market Is In The Red
In the first half of today’s trading, nearly all the major cryptocurrencies have moved into negative territory. According to CoinMarketCap, 95 out of the top 100 cryptocurrencies (in terms of market cap) are now trading down compared to yesterday. As a result, the total market cap of the cryptocurrency market has dropped by 31bn USD […]
E Shake Shack: Impressive Expansion But Profit Concerns Weigh
Shake Shack (SHAK) is an casual restaurant chain based in New York City featuring designer shakes, burgers, and other quick-style food. As an investment, it has traded at a premium valuation for some time, and is currently in the middle of a 52-week range: Source: Yahoo Finance What we like about the name is that it […]
Trump Plays With Fire On Trade
With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that “Trade wars are good, and easy to win.” It seems like Trump thinks the conflict will play out […]
BoJ Hawkish Outlook Expected In This Weeks Monetary Policy Meeting
The Bank of Japan will be holding its monetary policy meeting later this week on Friday. The BoJ’s meeting comes on the heels of the ECB meeting on Thursday. While no changes to interest rates are expected from the BoJ, the central bank’s statement is likely to garner a lot of attention. The markets continue to […]
Oil: Trade Trip Up
Oil prices got a scare on reports that chief economic advisor to President Donald Trump, Gary Cohn is resigning, raising fears that the world is on the brink of an all-out tariff and trade war. Gary Cohn, the former Goldman Sachs banker, is said to be quitting because of his opposition to the steel and […]
“Job Market Is Red Hot, Threatens To Overheat” Zandi Warns After ADP Beat
Amid 50-year lows in initial claims but slumping survey data, ADP printed a much-better-than-expected 235k (200k exp), a modest downtick from an upwardly revised January. Job gains were very broad-based and Mark Zandi confirmed “we’re going into the 3s” for unemployment. “The job market is red hot and threatens to overheat. With government spending increases and tax cuts, growth […]
Sector Internals + Best Performing Russell 3,000 And S&P 500 Stocks YTD (2018)
So far this year, the S&P 500 is up 2%, while the average stock in the Russell 3,000 (an index that contains large-cap, mid-cap, and small-cap stocks) is up 0.9%. These performance numbers highlight how the largest stocks in the market have boosted the performance of major indices. There are some big discrepancies when you […]
Australia’s Economy Grew At Slower Pace In Q4, 2017
Australia’s economy expanded at a slower pace in the final quarter of 2017 as the fall in exports weighed on rebound in household consumption. The economy grew at 0.4 percent in the final quarter, down from the 0.7 percent recorded in the third quarter, the Australian Bureau of Statistics reported on Wednesday. On a yearly […]
DAX: Correction Ended
DAX is correcting higher degree cycle from February 2016. Short-term Elliott Wave view suggests that Primary wave ((X)) ended with the rally to 12597.51. The decline from there is unfolding as a Zigzag Elliott Wave structure where Intermediate wave (A) ended at 11725 and Intermediate wave (B) is proposed complete at 12270.50 high in New York earlier today. However, Index […]
Morning Call For Wednesday, March 7
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 -0.74%) this morning are down sharply by -0.95% and European stocks are down -0.33% as global stocks slide on concern over U.S. trade policies. The resignation late yesterday of President Trump’s economic adviser, Gary Cohn, a free-trade proponent, has bolstered concern President Trump will go ahead with […]
