Author Archive: Jeremy Parkinson
Emerging Markets: Preview Of The Week Ahead – Oct. 23
EM FX closed the week on a firm note, as softer than expected US CPI data weighed on the dollar. We continue to believe that investors are underestimating the Fed’s tightening potential. Meanwhile, idiosyncratic political risk remains high for MXN, TRY, and ZAR. China reports CPI and PPI Monday. The former is expected to rise 1.6% […]
Sideways Consolidation
The S&P 500 Index (SPX) is consolidating in a sideways range. As SPX consolidates, sentiment from the Twitter stream is painting a triangle. The break of the triangle will point the next direction in the market. If it breaks to the downside, we’ll probably need a small dip before the market can continue upward. A break […]
German DAX Index Touches All-Time Highs, Good For European And Global Markets
The German DAX is not only the leading stock market index of Europe but it also represents most often global markets. The DAX rose to all-time highs this week, and that tells something about the strength of global stock markets. Almost half a year ago we noticed that Global Stock Markets Are Outperforming U.S. Stock Markets […]
AUD/USD Weekly Analysis – Sunday, October 15
AUD/USD failed in its attempt to break below the resistance-turned-support trend line on the weekly chart now at around 0.7700 and rebounded strongly from 0.7732, indicating that correction of the downtrend from 0.8124 is underway. A further rally is still possible in the coming days and the next target would be in the 0.8000 area. However, another […]
Positioning Your Portfolio As 2017 Wanes
By John Davi, ETF.com First, let’s address the recent FOMC announcement, which always brings a healthy amount of debate. The Fed told us that inflation was softer while economic growth was stronger. It has more conviction in its near-term policy path, while it lowered the long-run neutral rate. From a big-picture standpoint, the Fed still remains […]
EBay (EBAY) Gears Up For Q3 Earnings: What’s In The Cards?
eBay Inc. (EBAY – Free Report) is scheduled to report third-quarter 2017 earnings on Oct 18 after the bell. We expect eBay to perform well driven by strength in its marketplaces active users and net transaction revenues. Shares of eBay have gained 28.3% year to date, significantly underperforming the industry’s 52.7% rally. Marketplaces Active Buyers to Drive Growth In […]
Citigroup Economic Surprise Indices Have Little Bearing On Equity Market Performance
One set of indices that seems to cycle from positive to negative over a relatively short period of time are the Citigroup Economic Surprise Indices (CESI). This aspect of these indices means they gain prominence from a commentary standpoint when they reach high and low points. What is important for investors to know is the […]
Kuroda, BoJ Recommit To Ultra-Loose Policy Ahead Of Japanese Elections
Fundamental Forecast for JPY: Neutral It was a mixed week for the Japanese Yen: The Currency put in a gain against the U.S. Dollar but fell against the British Pound and Australian and New Zealand Dollars. As global markets were fixated on the Federal Reserve meeting minutes and U.S. data for much of this week, little by way of excitement […]
September Retails Don’t Bode Well For Department Store Sales Trends
As we enter the 2nd week of earnings season having witnessed the 1st week of earnings season provide a relatively small boost to the major indices, I can’t help but to wonder what we will hear coming from the retail sector in the next couple of weeks. Retailers, by and large, won’t begin reporting their […]
Yellen Says Asset Prices Are ‘High’, Draghi Says ‘People’ Still Aware That Stocks Sometimes Fall
Let Mario Draghi just be “clear”: he is not convinced that you are convinced that asset prices only go up, ok? Responding to a question from CNBC at a press conference at the IMF Annual Meetings in Washington on Saturday, the ECB chief said something to that effect. Specifically, this is the quote: Let me […]
