Author Archive: Jeremy Parkinson
The S&P 500 Is Now Overvalued On 18 Of 20 Metrics
With the market now stuck in the “Icarus Rally” melt-up predicted earlier in the year by BofA Michael Hartnett, in which EFTs, algos and desperate carbon-based hedge fund managers are all chasing performance, i.e. beta, in the last weeks of the year, at least until the inevitable “Humpty Dumpty great fall“, some have been naive enough to […]
Chinese Economy Sustains Growth In 3Q; Expands 6.8%
The world’s second-largest economy, China, sustained growth in the third quarter following improved factory output and consumer spending. Gross domestic product expanded at 6.8 percent year-on-year in the third quarter, same as predicted and 0.1 percent lower than the first half of the year growth of 6.9 percent. Retail sales surged 10.3 percent from a […]
EUR/USD Daily Analysis – Thursday, October 19
EUR/USD rebounded from 1.1730 after approaching 1.1669 support, indicating that the short term downtrend from 1.1879 is complete. Further rise to test 1.1879 resistance could be expected in the coming days, a breakout of this level could trigger further bullish movement towards next resistance level at 1.2029. Near term support is at 1.1730, only a […]
E Market Briefing For Thursday, Oct. 19
It’s not a ‘Rodney Dangerfield’ market – as it gets too much respect. Very smart analysts sum it up by saying ‘hallelujah’ or even calling it the ‘greatest bull market ever’. That’s the case ‘even if’ the market holds up and doesn’t break. However in an internal way the market has been correcting rotationally; and […]
We Have Met The Enemy… And He Is Us
Warning: I’m going to jump all over the show today. Live with it. When your umbilical cord was severed, and you’d only just entered this world, you had approximately 100 billion brain cells. At some point in the future (hopefully very distant), an old man in sturdy boots and a trench coat will throw dirt on […]
Ethereum Price Remains In The Bullish Zone After Byzantium
Ethereum price was rising steadily before and during the Byzantium fork. It even managed to touch the 350 USD level. Since then, it dropped briefly below 300 to touch a low of 287 USD. Even with this recent drop, we maintain a Bullish stance on Ethereum price, even with the recent price movement. Here is why. First […]
4 Warren Buffett Stocks To Buy Ahead Of Q3 Earnings
Who doesn’t want to get as lucky as Warren Buffett in the investment world? Since Berkshire Hathaway Inc.’s (BRK-B – Free Report) inception, the holding company has yielded a stellar return of nearly 21%. Buffett’s investing style has always remained simple: buy shares in great companies and hold them for a significant period of time. These […]
Sinking Apartments (Not From Storms)
Housing construction continues to slow in 2017, dragged down by fewer multi-family projects. Total permits and starts have essentially flatlined since 2015, a further slowdown from one already slowdown. The single-family market is still growing but at a historically tepid pace, leaving the pace of construction overall to be dictated by weakness in apartment development. […]
The Fragile Gold Industry: Gigantic Equipment, Massive Capital Expenditures & Rising Costs
The gold industry has been built on the leveraging of debt and energy. The days of using human and animal labor to produce the precious yellow metal are long gone. While some gold is still mined the old fashion way, the overwhelming majority is produced by using colossal-sized mining equipment, massive amounts of capital, energy, […]
Indexing: Valid But Flawed
I caught an interesting exchange on Twitter between old friend Mark Yusko and Lance Roberts as follows; This conversation gets to the heart of one of the major themes of this blog going back to the beginning. Indexing, where the context is buying passive funds and holding on no matter what, is, of course, valid […]
