Author Archive: Jeremy Parkinson
Marshall Islands: Why The Island Nation Wants To Launch A Cryptocurrency
The Big Picture Cryptocurrencies and, more broadly, the mechanism that underpins them — distributed ledger technology — continue to emerge in importance. One key trend within that sphere is the creation and adoption of cryptocurrencies by nation-states as they seek to harness the technology to their advantage. Some, such as Venezuela, have sought to bypass […]
Fed Rate Hike Odds Increase; BOC, BOE May Odds Drop
FOMC MARCH HIKE ODDS HOLD AT 100%; JUNE ODDS EDGE HIGHER Rate hike odds for the Federal Reserve’s March meeting remain at 100%, so we’ve turned our attention further down the glide path to see what market participants think. Even as the odds of the second (June) and third rate hikes (by November) in 2018 have been pulled […]
Nordstrom Shares Slip On Earnings Miss, But Comps Manage To Grow
Nordstrom Inc. (JWN – Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of $1.20 per share and revenues of $4.6 billion. The stock is down about 3% to $49 per share shortly after the report was released. Currently, JWN is a #2 (Buy) on the Zacks Rank, and our consensus estimate trend […]
E Market Briefing For Friday, March 2
Combined catalysts that constantly deflect both rallies and declines are starting to wane; although there’s no argument that these battle line skirmishes ‘can’ persist for awhile, until heavy turbulence returns. What we had on Thursday actually broke only the 100-day Moving Average, with an excessive focus on Trump and protectionism. That means that if the […]
Two Measures Of Inflation And Fed Policy – Thursday, March 1
The BEA’s Personal Consumption Expenditures Chain-type Price Index for January, released this morning, shows that core inflation remains below the Federal Reserve’s 2% long-term target at 1.52%. The most recent Core Consumer Price Index release, also data through January, is higher at 1.82%. The Fed is on record as using Core PCE data as its […]
Significant Decline In Stocks On The Cards!
There is a whole lot going on across the markets after today’s trade! And a lot of opportunities developing in the charts. So let’s not waste time chatting, and get right into it! UPCOMING RISK EVENTS: USD: Revised UoM Consumer Sentiment.EUR: German Retail Sales m/m.GBP: BOE Gov Carney Speaks, Construction PMI, Prime Minister May Speaks.JPY: n/a. […]
The Brown Earth Dog Is A Fire Breathing Dragon
The dragon dance is a customary way to celebrate the Chinese New Year. We all know what dragons breathe-FIRE! Furthermore, where there’s smoke, there’s fire. Plus, as the element this year of the brown earth dog is water, bulls now have to hope its enough water to put out the fire, rather than just enough water to […]
Gap Shares Rally On Strong Earnings, Total Comps Up 5%
Gap Inc. (GPS – Free Report) just released its fourth quarter fiscal 2017 financial results, posting earnings of 61 cents per share and revenues of $4.8 billion. The stock is 9% to $34.55 per share shortly after the report was released. Currently, GPS is a #2 (Buy) on the Zacks Rank, and our consensus estimate […]
There Is An Agriculture Problem
Stock markets up on a stick. Valuations stretched. Bond yields near sixty-year lows. Real returns basically zilch. A decade of global financial repression has forced investors everywhere out the risk curve. Nothing is cheap. There is a reason that top quantitative research shops like GMO have forecasted future returns that look like this: Cries of that awful […]
13% Chance Of A Recession In 12 Months
Worst Decline In 2 Years With the S&P 500 falling 2.37% in the past two trading days, February closed with a whimper. Sometimes new money flows in on the first day of the month, so we’ll see how that plays out on Thursday. As you can see from the chart below, February was down 3.24% which […]
