Author Archive: Jeremy Parkinson
E Canadian Full-Time Jobs Rebounded In September
The Canadian job market has recovered strongly over the past year. In September 112,000 new, full-time jobs were created, even though part-time employment shrunk by an almost equal number. “On a regional basis, September job creation was driven by gains in Ontario (+35K) which more than offset declines in Quebec (-8K), Alberta (-8K) and British […]
World Markets Update – Monday, October 16
All eight indexes on our world watch list have posted gains for 2017 through October 16. The top performer thus far is Hong Kong’s Hang Seng with a gain of 30.42%, followed by India’s BSE SENSEX at 22.56%. In third is our own S&P 500 with 14.24%. The Last Four Weeks The tables below provide […]
China’s Foreign Reserves Are Declining. Why, And What Effects Could This Have?
from the St Louis Fed — this post authored by Ana Maria Santacreu and Heting Zhu China has been a net lender to the rest of the world since 1994. However, its current account surplus started to decline 10 years ago. Why is this occurring, and what effects might it have on U.S. assets? A current account […]
Morgan Stanley Sees “Greater Risk For A Correction Than We’ve Seen In A While”… But There’s A Catch
As U.S. equity markets casually melt up to all new highs with each passing day, Morgan Stanley Equity Strategist Michael Wilson, whose 2,550 year-end price target from back in August was just breached in a matter of months, says he’s getting somewhat concerned given Fed tightening, tax cut legislation that looks increasingly unlikely to pass, […]
Tim Jackson: The High Price Of Growth
A finite planet cannot sustain infinite economic growth. Modern society is addicted to and engineered for perpetual economic growth. Now, a fourth-grader can tell you that nothing can grow forever, especially if you have finite resources. But that simple realization is eluding today’s central planners, despite multiplying evidence that growth is becoming harder and harder […]
Global Inflation Continues To Underwhelm
Chinese producer prices accelerated in September 2017, while consumer price increases slowed. The National Bureau of Statistics reported this weekend that China’s PPI was up 6.9% year-over-year, a quicker pace than the 6.3% estimated for August and a 5.5% rate in July. Earlier in the year producer prices were driven mostly by 2016’s oil rebound, […]
4 India ETFs To Brighten Your Portfolio This Diwali
The effect of prime minister Narendra Modi has been intense in the economy and the stock world, leading to heavy gains for the major bourses since last Diwali. The BSE Sensex has gained more than 15% while the National Stock Exchange index (Nifty) has fetched higher returns of nearly 17%. Will the bullish trend continue […]
Weekly Gasoline Price Update: Regular And Premium Down Two Cents – Monday, Oct. 16
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down six cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.07 and Santa Barbara, CA is the most expensive city, averaging $3.20. Arkansas […]
Old Traders Say To Watch This
Video length: 00:09:01 Funds continued to shuffle capital around the market leaving the indices mostly unchanged. In tonight’s video we look at the record low volatility and the bets traders are placing on it. Also, we look at one area of the market old school traders say to watch…
Why TERP Fell Below $11.50 And The Profit Opportunity
Terraform Power (TERP) shares plummeted to $11.50 today after Brookfield Asset Management (BAM) announced that the “stock” merger election option was oversubscribed. This was not at all unexpected (I predicted as much last week), nor does the stock decline indicate any uncertainty about Terraform’s future under Brookfield’s control. The reason the stock fell was because the only TERP […]
