Author Archive: Jeremy Parkinson
Dow At 23,000, Now What?
By Steve Sosnick (Video length 00:01:38) Steve Sosnick, Chief Options Strategist at Interactive Brokers, examines the state of the market as the Dow hit 23,000.
Beige Book Signals Inflation & Healthcare Concerns Amid Modest Growth
Despite major disruptions from Hurricanes Harvey and Irma, all 12 Federal Reserve Districts indicated that economic activity increased in September through early October. Several Districts noted increased manufacturing input costs, citing storm impacts (with 58 mentions of the word Hurricane) and labor constraints (employers were having difficulty finding qualified workers), but The Fed notes healthcare service providers were less upbeat. Full Fed Summary: […]
Five Decades Of Middle-Class Wages: September 2017 Update
We’ve updated this series to include Friday’s release of the Consumer Price Index as the deflator and the September monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,346, down 12.9% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government […]
Comments On A Flattening Yield Curve And The Spec Record Short VIX
(Audio length 00:12:54) Chris Temple and I look at the continued flattening of the yield curve in the US – click here to visit the Fred site and see the latest yield curve chart. We discuss the factors at play that are keeping this yield curve flat. We also draw some correlations to the US equity markets […]
Not Enough Leverage For A Recession?
With the business cycle lasting over 8 years, many are wondering when it will end. Because the last recession was so severe, people have been making a business out of spreading fear. There were two large drops in about a 10 year period making some think bull markets always end in devastation. Many people avoided […]
The EU Is Still Sweet On Protectionism
The European Union has finally put an end to nearly 50-years of quotas on sugar prices. Despite the seemingly good news, the measure is overshadowed by the fact that the EU not only maintains large tariffs on sugar imports, it also recently announced that it will probably continue backdoor-protectionism regardless. 50 Years of Market Distortion […]
Dollar Denial
At this point in the longer term process of unwinding the Fed’s prior emergency activities, the yield curve was supposed to flatten. That was the plan all along. If monetary policy was successful, or had even run into just dumb luck somewhere in the last ten years, here where policymakers declare the economy to be […]
4 Blue Chip Stocks To Buy Ahead Of Q3 Earnings
The Dow hit yet another landmark level on Tuesday, breaching the 23,000 barrier for the very first time to create a new intraday record. The blue-chip index ended the trading day marginally below this mark, closing at 22,998. But even so, it serves to illustrate that things haven’t been this good for blue-chips for quite […]
