Author Archive: Jeremy Parkinson
Lithium Vs. Oil: An Unstoppable Divergence In The Energy Market
Lithium continues to torch oil in 2017. The Global X Lithium & Battery Tech ETF (NYSE: LIT) has been hyperbolic all year — up 57% to date. Meanwhile, the iPath S&P GSCI Crude Oil TR ETN (NYSE: OIL) is down 16%. The divergence between these two key energy commodities is shocking. See for yourself… So […]
E Why The Market Might Be Underpriced
Market Outlook As confirmed in the updated graph below, the overall equity market has been in a bullish uptrend since the third quarter began. Basically all the major indices have seen across-the-board gains over the second half of the year, which historically is supposed to be the worst for market performance. The majority of market […]
Macro Mondays: Social Security
Welcome to another edition of Macro Mondays! Today I think we would address a topic that is of great importance to millions of Americans, yet many might not fully understand the implications behind it. I’m talking, of course, about Social Security — the program that helps keep millions of seniors funded in retirement as well […]
China Wants The World’s Reserve Currency
In the aftermath of WWII the American economy was that shining city on a hill. After saving mankind from the Nazi’s, America had the only intact manufacturing base and was the repository for most of the world’s gold. Those circumstances propelled the US dollar to world’s reserve currency status. And for the past seventy years, […]
Exelixis Surges After Cabometyx Granted Priority Review, Meets Endpoint In Trial
Shares of Exelixis (EXEL) jumped in early trading after the biopharmaceutical company said it received priority review from the U.S. Food and Drug Administration for a treatment for advanced renal cell carcinoma. Separately, the company said a global Phase 3 trial met its primary endpoint of overall survival. FDA PRIORITY REVIEW: Exelixis announced this morning […]
Car Manufacturers Are Electrifying Copper, “The Metal Of The Future”
As many of you know, copper is often seen as an indicator of economic health, historically falling when overall manufacturing and construction is in contraction mode, rising in times of expansion. That appears to be the case today. Currently trading above $3 a pound, “Doctor Copper” is up close to 28 percent year-to-date and far […]
Q3 Earnings Preview: Strong Start From Banks And High Expectations For Netflix Tonight
The big banks kicked off earnings season on a fairly high note when they reported last week, with JPMorgan and Bank of America beating on both the top and the bottom line, Citi only beating on the top line, while Wells Fargo missed on both. Overall the Estimize community is expecting another strong earnings season, […]
Mississippi Company Economics
We have seen today’s economics in action before. Not in the 1720 South Sea Bubble – that was a simple stock market frenzy, similar to that of 1999, with a debt conversion scheme buried in it, but no excessive leverage. However, the almost exactly contemporary Mississippi Company/ Banque Royale scheme, devised in Paris by the […]
