Author Archive: Jeremy Parkinson
Treasuries: Too Far Too Fast?
Since the September low point last year US 10-Year bond yields have risen 90bps, this compares to 125bps from the low point in July 2016 through to March 2017, or if you count it as one big move they’ve gone up 158bps. What ever way you put it the move in bonds has been substantial, […]
Steel ETF Soaring: Will The Trend Continue?
The steel industry has been surging lately given the possible tariff talks on foreign producers of steel and aluminum in the interest of national security. Trump is looking to impose severe tariffs of 24% on steel imports and 10% for aluminum imports. Additionally, President Donald Trump’s latest statement on reviving the industry has bolstered the […]
Markets: Powell Testimony
What is happening with the markets after Powell’s testimony? Well, thank God. Pretty much what I hoped for and talked about yesterday.
The Inevitability Of A Massive Stock Market Crash In 2018
iStock.com/zimmytws It’s More Than a Correction, Nothing Can Stop a Major Stock Market Crash in 2018 The recent stock market events have been described as an overdue correction. But evidently, the reporting and analysis has not been sharp enough. Investors appear to gradually be getting back in. The market sent them a clear signal that […]
Most Active Equity Options And Strikes For Midday – Tuesday, Feb. 27
Top tickers for midday: PZZA, AAPL, BAC, PBR, GE, WFT, AMD, INTC.
Looks Like Corporate America Hasn’t Heard About The Trump Tax Cuts
News must travel slowly to corporate headquarters these days. How else can we explain the fact that corporate America isn’t rushing out to invest in response to the big tax cut Congress voted them last year? According to data released by the Commerce Department orders for non-defense capital goods fell by 1.5 percent in January after dropping […]
Discovery (DISCA) Q4 Earnings Beat, Scripps Buyout On Track
Discovery Communications, Inc. (DISCA – Free Report) performed well in the fourth quarter of 2017, wherein revenues and earnings surpassed the Zacks Consensus Estimate. The company’s earnings (excluding $2.46 from non-recurring items) of 47 cents per share surpassed the Zacks Consensus Estimate of 39 cents. The bottom line, however, declined 9.6% on a year-over-year basis owing to higher […]
Powell’s Hawkish Hint Hurts Stocks, Boosts Buck
Investors were on edge ahead of Jerome Powell’s highly-anticipated Humphrey-Hawkins testimony to the House Financial Services Committee. While Powell was seen as the status quo candidate to replace outgoing Fed chair Yellen, some traders still harbored some uncertainty about his qualifications, which include extensive policymaking experience, but less formal experience (including the conspicuous lack of a doctorate […]
Consumer Confidence Surges To 2000 Highs But Stock Market Hope Plunges
Conference Board Consumer Confidence measures beat expectations handily in February with headline data at its best since Nov 2000. However, while investors are increasingly sure of higher interest rates, hopes for a higher stock market plunged from record highs. This is the biggest monthly drop in bullish investor stock market expectations since March 2007. “Consumer confidence […]
Richmond Fed Manufacturing: Robust Growth In February
Today the Richmond Fed Manufacturing Composite Index was at 28 for the month of February, up from last month’s 14. Investing.com had forecast 15. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 20.7, which indicates expansion. The complete data series behind today’s […]
