Author Archive: Jeremy Parkinson
Musk’s Space Project Proves That It Should Be An Indicator Of What To Expect From The Model 3
Bloomberg reports that SpaceX has just made a successful launch of another reused rocket. When Musk first talked about building reusable rockets, the whole industry laughed. Now, they are, probably, not laughing. The economics of the whole problem are on Musk’s side, reusable rockets have a marginal travel cost equal to the cost of fuel (plus maintenance […]
Citi – Potential Double If This Resistance Taken Out
Citi Group doesn’t have much to brag about from a long-term perspective, as it remains 80% off its highs back in 2006. Citi has a good deal to brag about, per the gains it has achieved from its 2009 lows (Up several hundred percent). Below looks at Citi over the past 24-years and why the Power […]
Bitcoin Bull Bonanza
One of the most ironic posts on posts must be the one I did just back in January called Bitcoin’s Massive Bullish Base, which featured this chart: The entirety of the post’s text was as follows: “I’m not even going to try to understand the logic, but well-encrypted 1s and 0s of imaginary currency have formed […]
EUR/JPY Hidden Bullish Divergence Within The Zone
The EUR/JPY has formed a hidden bullish divergence and both the PPR and AP channel are pointing to the upside. Bulls are dominating the market so pullbacks could be possibly bought into on intraday time frame providing that the pair stays above the D L5 132.38. The POC zone is 132.80-95 ( D L4, AP […]
Billion Dollar Unicorns: What Are AUTO1’s Margins?
According to Technavio, the global used car market is projected to grow at a CAGR of more than 7% to reach 128.4 million units by 2021. The used car market in the mature EMEA market is projected to reach 36.03 million units by 2021 driven by the increasing aging population and rising fuel prices. AUTO1 […]
Household Debt Steals From Future Growth And Prosperity
For decades, the financial industry has insisted that it is a crucial engine to economic prosperity by increasing access to credit and ‘investment’ opportunities. Widespread acceptance of this narrative by governments and individuals alike, has led to decades of increasingly preferential treatment and deference to the financial sector and their requests. The more enriched the […]
Jobless Claims Back To Pre-Hurricane Levels
Weekly jobless claims came in lower than expected this week falling from 258K down to 243K. This week’s print was the lowest since 8/25, which was right before the triple whammy of hurricanes Harvey, Irma, and Maria struck the US and its territories. While the Department of Labor did note that claims from Florida, Puerto […]
It’s Time For JPMorgan To Start Trading Bitcoin
So, Bitcoin surged above $5,000 for the first time overnight, and at one point blew through $5,200 apparently on its way to $500,000 which we certainly hope it will hit sooner rather than later in order to help us all avoid this rather unpalatable scenario: Here’s the chart: Now, for one thing, that YTD “performance” (if you […]
Robust Growth: U.S. Imports From China; China Imports From U.S.
Tracking the growth rates of trade over time can be a valuable exercise because of what that figure can tell us about the relative health of the national economies engaged in that trade. For example, when a nation’s economy is growing more strongly than what its domestic economy can support on its own, it will […]
Weekly Unemployment Claims: Down 15K, Affected By Hurricanes
Here is the opening statement from the Department of Labor: In the week ending October 7, the advance figure for seasonally adjusted initial claims was 243,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 260,000 to 258,000. The 4-week moving average was 257,500, […]
