Author Archive: Jeremy Parkinson
Spotify Files For IPO, Seeks To List On NYSE Under Ticker ‘SPOT’
Spotify filed for an initial public offering and intends to apply to list its ordinary shares on the NYSE under the symbol “SPOT.” The filing states: “Unlike an initial public offering, the resale by the Registered Shareholders is not being underwritten by any investment bank. The Registered Shareholders may, or may not, elect to sell […]
Why U.S. GDP Hasn’t Really Increased Since 2000
While official sources forecast U.S. Gross Domestic Product (GDP) to surpass $20 trillion this year, the real figure is probably much less. So how much less is real U.S. GDP? Well, that depends on how it is measured.If we factor in energy consumption and the increase in total public debt, U.S. GDP is likely less […]
Hot Option Report For End Of Day – Wednesday, Feb. 28
Top tickers for end of day: FL, AIG, AAPL, LB, GE, BAC.
Where Next For The EUR/USD Ahead Of Italian Elections?
For longer term euro dollar traders and watchers, the daily chart on the MT5 platform for the EUR/USD is now at a key point, with several strong signals flashing warnings as we approach the Italian elections this weekend, and with still no resolution to the government of Germany. Of course it is normally Italy and […]
Xencor – Chart Of The Day
Something is going on with Xencor (XNCR)? The chart of the day belongs to Xencor (XNCR). I found the biopharmaceutical stock by using Barchart to sort today’s New 52 Week High list first for the highest technical buy signals, then I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy on 2/14 […]
Cautious On Bitcoin, Bullish On Blockchain?
Cryptocurrencies are all the rage. Their prices rallied significantly in 2017, bringing the total market capitalization to nearly $500 billion. But we don’t see them becoming part of mainstream investment portfolios soon. Crypto markets are highly volatile, fragmented, largely unregulated, and come with unique liquidity and operational risks. Cryptocurrencies have had wild price swings. […]
Latest Richmond Fed Non-Employment Index Shows US GDP At Or Close To Potential
The Richmond Fed has released the latest reading of its Hornstein-Kudlyak-Lange Non-Employment Index (NEI). At 7.93 percent, the NEI has now fallen below its pre-recession minimum of 7.99 percent, reached in March, 2007, and it is fast approaching the value of 7.70 percent reached in October 2000, just before the 2001 recession. Data for the NEI are […]
GBPJPY To 146?
Sterling was the day’s worst performer, losing nearly 1% of its value against the U.S. dollar. Brexit negotiations have taken a turn for the worse and could quickly turn into a political crisis for Prime Minister May. The EU released a draft of its Brexit agreement and in it they proposed a “common regulatory […]
The Albatross Of Debt: The Wall Street “Truman Show” And Why The Yield Shock Is Not Priced-In, Part 5
Market Talk – Wednesday, February 28
After the weak US retracement the DOW (futures) spent much of the Asian session around the mid 25,500 level. But, interesting that as we have been highlighting for a few weeks here that the DXY looking to be bottomed on time. Jerome Powell’s comments obviously shook markets, but worth comparing currency weighted equity index movements. […]
