Author Archive: Jeremy Parkinson
Why Does FINRA Have An Investment Portfolio?
So here’s a weird one involving FINRA that you might have picked up in the last few days. Apparently, it has a large, $1.6 billion, investment portfolio and the returns have been weak, according to the Wall Street Journal, underperforming a 50/50 equity/fixed income portfolio for quite a few years. The WSJ article is woefully incomplete. […]
EURUSD: Pair Ready For A Downwards Correction
Previous: On Wednesday the 11th of October, trading on the euro/dollar pair closed up. In the European session, the euro appreciated to 1.1845. In the US session, buyers advanced further to 1.1869. The single currency was boosted by a general weakening of the US dollar and a slide in US bond yields. The euro was also […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 12
S&P 500 The S&P 500 initially fell on Wednesday but turned around to show signs of strength after the FOMC Meeting Minutes came out, showing that the markets can still expect the same amount of hawkishness out of the Federal Reserve that we have seen recently. Because of this, I think that it’s only a […]
FOMC Minutes Verdict: December Hike Still On
The Fed’s meeting minutes from the September meeting came out slightly more dovish than expected. Nevertheless, the FOMC remains on track to raise rates in December. This is the verdict according to the three opinions below: Here is their view, courtesy of eFXnews: USD: FOMC Minutes Didn’t Add Much To Dec Hike Call – CIBC […]
It’s Not Just The Markets: Economic Volatility Tumbles To 50 Year Lows
After a September with the lowest implied vol on record, October is starting off with the lowest (annualized) realized vol on record. Of course, as we have shown previously when looking across capital markets, it’s not just equities: vol has dropped to all-time lows across virtually every asset class. All of this should be familiar to […]
Stocks To Watch: MAS, EEP, AMGN
Thursday’s stock picks: Take a look at three trading ideas to prep you for the next trading session. Long Masco (MAS) Long Enbridge Energy (EEP) Short Amgen (AMGN)
Of Fiscal Consolidation, GST Updates, And Other Top Cues To Watch Out Today
On Wednesday, Share markets in India turned negative in the noon session and ended their day on a negative note. At the closing bell yesterday, the BSE Sensex closed lower by 90 points. While, the NSE Nifty finished lower by 32 points. Meanwhile, the S&P BSE Midcap Index finished down by 0.9% while the S&P […]
E Suppose You Were A Fly On The Wall At An FOMC Meeting
Let us suppose that you are a fly on the wall at the September FOMC meeting. Here is a representative sample of the information you would have heard regarding the key factors affecting inflation. If you were faced with these data would you support a continuation of rate hikes? Featured in the FOMC minutes are […]
What The Vice Index Really Says About Retail Forecast
Total Retail Spend Grows On Hurricane-Linked Demand First, I want to point out that the two hurricanes that have devastated Texas, Florida, and Puerto Rico have been horrible. Hundreds of thousands, if not millions of peoples’ lives were affected. And their circumstances have changed dramatically over these past couple months. BUT… these hurricanes were a […]
E The Potentially Rising Cost Of Oil
Oil hasn’t been the highest performing investment/commodity as of late. For the past several years, oil has been at somewhat of a historically low price (all things considered; like inflation etc.). There have undoubtedly been various currents flowing towards this end, among them OPEC members increasing outflow from their reserves, the rise of the “Bakken”, […]
