Author Archive: Jeremy Parkinson
ECRI Weekly Leading Index: “Consensus Plays Catch Up To Our Global Growth Call”
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 145.2, up 1.2 from the previous week. Year-over-year the four-week moving average of the indicator is now at 3.62%, up from 3.17% last week. The WLI Growth indicator is now at 1.2, up from 0.7 the previous week. “Consensus […]
CPI Misses, Dollar, Yields Fall
Right, so CPI is the new NFP. I mean, basically. Nobody cares about NFP anymore. Especially not in the near-term as divining anything from the headline print is impossible due to hurricane distortions. That’s why the only thing that mattered in the September report was the AHE number. “It has become almost a cliche that […]
EUR/GBP Remains Vulnerable To The Downside On Bear Pressure
EUR/GBP- The cross remains biased to downside as it followed through lower on the back of its Thursday losses during Friday trading session today. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level. Its daily RSI is bearish and pointing lower […]
E Common Denominator Drivings Stocks Higher
Trading Strategy Even the bulls were amazed as technology companies and financial shares push higher, and U.S. stock indexes hit fresh record highs. The common denominator that is driving the stock market higher is QE or Quantitative Easing, and it’s still far from over, and going to take a while to unwind the last 10 […]
Bull Market Remains Unfazed During Global Disasters
Over the past quarter, North Korea successfully tested a hydrogen bomb; devastating hurricanes battered Texas, Florida and the Caribbean; political dysfunction in Washington featured more Russia controversy and significant White House staff turnover; Equifax reported a massive personal data breach; and the Fed indicated it remains on track to raise interest rates another 0.25% this […]
September Retail Sales: Up 1.6% MoM
The Census Bureau’s Advance Retail Sales Report for September released this morning showed a slight increase over the August figures. Headline sales came in at 1.6% month-over-month to one decimal. Today’s headline number was slightly below the Investing.com consensus of 1.7%. Core sales (ex Autos) came in at 1.0% MoM. Figures were revised going back to August […]
August 2017 Headline Business Sales Improved
Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) shows unadjusted sales grew relative to last month whilst inventories also grew. This is similar to the headline view. Analyst Opinion of Business Sales and Inventories This was a better month for business sales compared to last month – but inventories remain elevated. […]
Wells Fargo (WFC) Q3 Earnings In Line, Revenue Disappoints
Have you been eager to see how Wells Fargo & Company (WFC – Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Francisco-based money center bank’s earnings release this morning: In line Earnings Wells Fargo came out with adjusted earnings per share of $1.04, in line with […]
How Will Banking And Credit Work In A Cryptocurrency Economy?
What is the future of banking, central banking and financial intermediation in a world in which cryptocurrency is dominant? Let’s speculate a bit, with the proviso that no one can fully anticipate how these markets will evolve. It is no wonder that the ruling class is concerned. We can find hints in the speech by IMF head […]
Market History And Metaphors
“History doesn’t repeat itself, but it often rhymes,” Mark Twain supposedly once observed. As the Fed begins to shrink its balance sheet even as it determinedly jacks up interest rates, we would be prudent to consider where history has rhymed before and what we might learn from those instances. 2007–08 This is the tenth anniversary […]
