Author Archive: Jeremy Parkinson
Another Fed Freak-Out
Or, should I say, mini freak-out? After all the Dow Jones Industrials and S&P 500 indices were only down 299 and 35 points respectively (a mere 1.16% and 1.27%). This certainly was not a rout and it was very predictable. This is what you would expect from the market when a newly-minted Fed Chair, Jerome Powell, made […]
Above The 40 – An S&P 500 Breakdown Helps Drag Market To Edge Of Oversold
AT40 = 25.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.9% of stocks are trading above their respective 200DMAsVIX = 19.9%Short-term Trading Call: neutral (caveats below!)Commentary As I feared was likely, the S&P 500 (SPY) wasted no time in breaking its 50-day moving average (DMA) support. THE S&P 500 (SPY) slipped below […]
E S&P 500 Update
S&P 500 is turning down from 2788 swing high, which suggests a possibly completed complex correction within blue wave B. Another sign for a completed correction and more weakness is a breach below the lower channel line, which usually signals a change in trend, in minimum three waves. That said, we now think blue wave […]
TRON Sees Mild Gains On A Down Market As It’s Listed On LBANK
On a day that most major cryptocurrencies in top 20 were down, TRON, which has been under criticism by the media, managed to end Wednesday with gains. Are TRON and its token, TRX making a comeback? TRON [TRX] Gets Listed on LBANK Exchange The Singapore-based, non-profit organization and its founder, Justin Sun, have been under negative […]
E Market Briefing For Thursday, March 1
Neurotic swings persist without any change in Fed policy (other than wishful thinking from Bulls who wistfully would like to return to a ‘good news is bad news’ reactive market). That crowd, as I’ve noted recently, actually hopes the US economy does not respond to fiscal stimulus of any type; because they need very low […]
Chart Of The Week: China’s Thrifty, And What To Do About It
What makes China’s citizens so thrifty, and why does that matter for China and the rest of the world? The country’s saving rate, at 46 percent of GDP, is among the world’s highest. Households account for about half of savings, with corporations and the government making up the rest. Saving is good, right? Up to […]
Game Planning: Another Lost Decade
Meb Faber Tweeted out portfolio return expectations from various market participants looking out over the next ten years. Vanguard was at the low end looking for 4.5%, the “average investor” was in the middle at 10.2% and hedge funds think they will generate 13.0%. Depending on who you read you can find expectations in the three’s as […]
Why We Need Rise-Up Economics, Not Trickle-Down
Video Length: 00:02:33 How to build the economy? Not through trickle-down economics. Tax cuts to the rich and big corporations don’t lead to more investment and jobs. The only real way to build the economy is through “rise-up” economics: Investments in our people – their education and skills, their health, and the roads and bridges […]
Of Fiscal Deficit, Factory Growth, And Top Cues In Focus Today
Share markets in India closed on a negative note yesterday. Selling pressure was seen as sentiments remained negative following losses in global equity markets after hawkish comments from US Federal Reserve chair Jerome Powell that raised prospects of more interest rate hikes. At the closing bell yesterday the BSE Sensex closed lower by 162 points […]
Weekly Heating Oil Prices – Wednesday, Feb. 28
We’ve used data based on the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.09, down a penny from last week and up […]
