Author Archive: Jeremy Parkinson
Payments Leader Verifone Systems Has 25% Upside Prior To Earnings
With competition in the payment processing space intensifying, companies looking to differentiate would do well to implement Amazon’s “Day 1” philosophy. Verifone Systems appears to have done as much, as management has adapted to today’s point-of-sale merchants requiring more than just payment processing services. Next generation products and services and divesting unprofitable business lines has […]
The US Market Sell-Off Intensifies And Metals Pushed Down As Well
Craig Hemke from TFMetalsReport joins me to first focus on the US market sell-off which has escalated in the past hours. We also look at the metals complex which is also selling-off but at least the stocks are holding up decently. We debate the sentiment for the metals and if it could actually get worse. […]
Sayonara
Just like I said………. And as I was declaring this weekend on Twitter how we were going to fall this week, here are the kinds of geniuses giving me a hard time………
Here’s Who Will Buy All That Treasury Supply (Now If Only We Knew The Price)
10Y yields are back near their lowest levels since last month’s CPI beat, having given back Tuesday’s Jerome Powell-inspired spike that derailed equities. They’ll be no shortage of narrative fodder on Thursday with Powell’s second act (this time in testimony to the Senate) and PCE on the docket, but panning out, the question still lingers: […]
Why Falling Interest Rates Could Be Bad For Stocks
Below looks at 2, 5, 10 & 30-year yields over the past 30-years. Yields remain inside of respective 25-year falling channels. Rallies over the past couple of years has each testing the top of these falling channels. When the tops of each falling channel were last touched in 2000 & 2007, yields declined and so did […]
Iran Bans Use Of US Dollars In Trade
In what may be a preemptive move against further US sanctions, Tehran announced that going forward, merchant purchase orders that are denominated in US Dollars would no longer be allowed to go through import procedures. According to the state-owned IRNA news agency, the policy is in line with an official request by the Central Bank […]
Strong ISM Manufacturing With An Inflation Aroma
The February ISM Manufacturing report for the Manufacturing sector came in much stronger than expected and rose to a level of 60.8 compared to last month’s reading of 59.1 and consensus expectations that were calling for a decline to 58.7. As shown in the chart below, February’s reading was the strongest for the headline index […]
GBP/USD Bearish Series Unfolds Ahead Of More BoE Rhetoric
GBP/USD remains under pressure despite the lackluster developments coming out of the U.S. economy, and the pair remains at risk of staging a larger pullback over the near-term as it preserves the series of lower highs & lows from earlier this week. The 1.5% reading for the core PCE, the Federal Reserve’s preferred gauge for […]
E Natural Gas Hits A 3-Week High
Natural gas futures in the April contract is hitting a 3-week high in today’s trade up 4 points at .2.71 as I have been recommending a bullish position from around the 2.66 level and if you took the trade I will now raise the stop loss to 2.56 as the chart structure is outstanding at […]
Crestmont Market Valuation Update
Quick take: Based on the February S&P 500 average of daily closes, the Crestmont P/E is 128% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric. The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
