Author Archive: Jeremy Parkinson
Resiliency Demonstrated
The resiliency of the status quo is again on display. After much chin wagging and finger pointing after the Italian elections and the modest decline in Italian assets, they have bounced back today. Italian bonds and stocks are participating in today’s advance. Italian equities were off 0.5% yesterday and are up a 1.1% near midday […]
Goldman Rips Trump’s Tariffs With Point-By-Point Takedown
And the hits just keep comin’. On Monday, markets managed to shake off the trade war threat and incessant balderdash from Donald Trump, who continued to broadside U.S. trade partners, accusing Canada of mistreating American farmers, Mexico of not doing enough to stop the flow of drugs into the country, and Europe for “sending cars in here […]
RBA Leaves Rates Unchanged At 1.50 Percent
The Reserve Bank of Australia on Tuesday left its interest rate unchanged at 1.50 percent, saying while the economy remained strong with a healthy labor market, wage growth remained low. According to the central bank, improved global economy and the low unemployment rate in some advanced economies are supporting global commodity prices but Australia’s terms of trade are […]
Momentum Factor Still Leads After Surge In Market Volatility
The US stock market this year has taken investors on a white-knuckled ride, but the momentum factor’s performance leadership has remained a constant in the US equity factor space, based on a set of proxy ETFs. For year-to-date performance through yesterday’s close (Mar. 5), the iShares Edge MSCI USA Momentum Factor (MTUM) remains the clear […]
Tech Leader Working On 18-Year Breakout
Since the 2009 lows, would you rather have owned Semiconductors (SMH) or the S&P 500? Since the 2009 lows, Semiconductors are up 550%, more than double the returns of the S&P. This very strong index is now making an attempt to “Escape” from where it was back in 2000! SMH has remained inside of rising channel (A) since the […]
EURUSD: Sideways Movement Below 1.2360 Continues
Previous: On Monday the 5th of March, trading on the euro closed slightly up. The single currency recovered to 1.2349 after having dropped to 1.2269. The dollar has yet to readjust since the introduction by the US of aluminium and steel import tariffs, so the euro bulls, smelling weakness, have quickly seized the initiative. UK Prime […]
Europe Will Retaliate To Trump Trade War With 25% Tariffs Targeting GOP States
Following through with threats of retaliation made earlier in the week, the European Union on Tuesday is preparing punitive tariffs on iconic US brands produced in Republican-controlled states as US trade partners try to do anything and everything they can to stymie President Trump push to impose massive tariffs on steel and aluminum imports. In what would […]
San Diego, CA Real Estate Market Trends & Analysis
The San Diego real estate market is firing on all cylinders, as is indicated by a recent “hot list” published on Realotr.com. More specifically, however, San Diego real estate made the top 10 list of cities where homes were selling the fastest. At number nine on the list, homes in San Diego are moving off the market at […]
Ripple, Steller Lumen Moving In Lock-Step
Traditional Markets Investors who bought yesterday’s lows were rewarded. Fears about a trade war and monetary tightening seem to have dissipated and low equity prices were too good to pass up. After a 1%+ day on Wall Street, Asia has carried the momentum this morning and Europe has opened strong. As you can see, nearly half of […]
Sensex, Nifty Trade Marginally Higher; Consumer Durables & Metal Stocks Gain
Indian share markets pared some of its morning gains and were trading marginally higher during the noon session amid firm Asian markets. Gains were largely seen in consumer durables stocks, metal stocks and energy stocks. The BSE Sensex is trading higher by 75 points and the NSE Nifty is trading up by 31 points. Meanwhile, the BSE Mid Cap index is […]
