Author Archive: Jeremy Parkinson
Stocks Surge To More Record Highs But Taylor Chatter Spooks Bonds, Dollar, & Gold
Another day, another record high… Video length: 00:00:02 To begin – ‘Murica, fuck yeah!! North Korea headlines and ‘John Taylor For Fed Head’ headlines prompted some turmoil in FX markets, bond markets, and commodity markets… but stocks didn’t even blink… Trannies were worst with Small Caps clinging to unch but GS, AAPL, JPM, and […]
Oasis Petroleum Inc., Ensco Plc: Eyes On Oil As Saudi Arabia Purportedly Considering Alternatives To IPO For Saudi Aramco
The crude markets and oil stocks such as Oasis Petroleum Inc. (NYSE: OAS), ENSCO PLC (NYSE: ESV), and Transocean LTD (NYSE: RIG) are rather quiet despite the recent news from the Financial Times. In an article entitled, ‘Saudi Aramco considers shelving international IPO’, the Financial Times reports that the Saudi’s, long regarded as the central bank of oil, are considering selling private shares of its […]
Netflix, Inc. 3Q 17 Earnings Send Shares Higher After Hours
Netflix 3Q 17 earnings were released after closing bell tonight, and the company reported earnings of 29 cents per share on $2.985 billion in revenue. Analysts had been expecting earnings of 32 cents per share on $2.97 billion in revenue. In the year-ago quarter, Netflix posted 12 cents per share in earnings on $2.29 billion in revenue. […]
Confusion On Profits, Wages, And Taxes At The White House
The White House is pushing the line that their proposed cut to corporate tax rates will lead to an increase in average household income of more than $4,000. “Reducing the statutory federal corporate tax rate from 35 to 20 percent would, the analysis below suggests, increase average household income in the United States by, very conservatively, $4,000 […]
Energy Stocks Are Not Bullish Yet, They Are Neutral
Are energy stocks bullish? Some analysts are getting bullish now, right at a time when the price of crude oil is rising. Admittedly, both crude and energy stocks have been in great shape since June. However, both are bumping into heavy resistance now. Moreover, the U.S. dollar seems to be stopped falling. Before looking in the […]
Sears Drops After Top Shareholder Berkowitz Steps Down From Board
Shares of Sears Holdings (SHLD) dropped in afternoon trading after the company said Bruce Berkowitz is leaving its board, effective October 31. BERKOWITZ LEAVES BOARD: Sears announced this morning that Bruce Berkowitz will step down from its board of directors, effective October 31. Berkowitz, who joined the board of Sears in February 2016, is the […]
EUR/USD: A Bullish Move Out Of The Range?
EUR/USD is off the highs but has never gone too low. The pair is still trading on relatively high ground and quite stuck in a range. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: USD Support To Fade Soon; Where To Target? – ING ING FX Strategy Research notes […]
USD/JPY Headed Back To 111?
There was very little movement in currencies on Monday and this lack of volatility could be indicative of trading for the rest of the week. With no major U.S. economic reports scheduled for release and Fed Chair Janet Yellen not speaking again until after the markets close on Friday, political headlines are the only […]
NAFTA Discussions Impacting Currencies
(Audio length 00:12:41) With NAFTA negotiation in round 4 there has been quite a bit of news and speculation regarding what will be decided. After asking our regular guests about their thoughts Marc Chandler is one of the only ones to have comments as he has been following along thanks to moves in the currency […]
October 2017 Empire State Manufacturing Index Near Post Recession Highs
The Empire State Manufacturing Survey improved and now is near post Great Recession highs. It was above expectations. Important internals were in expansion but declined. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around erratically. Expectations from Bloomberg / Econoday were for a reading […]
