Author Archive: Jeremy Parkinson
Fears Of Next Financial Crisis Stem From Confusion Over Last One
A NYT article on the seemingly healthy state of the world economy carries the headline, “The economy is humming. Banks are cheering. What can go wrong?” The piece is written as though we need to fear the possibility that another financial crisis is just around the corner. We don’t. It’s become popular in the economics […]
Powell Is Now The Fed Chair Front Runner – Less Negative Market Impact Than Warsh?
Twelve companies from the S&P 500 are reporting earnings this week. The results will start coming faster next week which is why I said that was the beginning of earnings season. This means FactSet’s chart of bottom up expectations has moved to tracking Q4 earnings estimates. As you can see from the chart, estimates have […]
Weekly Gasoline Price Update: Regular And Premium Down Six Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down six cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.09 and Santa Barbara, CA is the most expensive city, averaging $3.28. Oklahoma […]
Tap Q3 Growth With Revenue-Weighted ETFs
The overall Q3 earnings picture for the S&P 500 looks weak with projected earnings growth of 2.3% after double-digit growth in each of the first two quarters of the year. Additionally, earnings growth in the last quarter of the year is expected to be in high single digits. Expected Q3 revenue growth of 5% is also lower […]
Active Fund Managers Face A Major Dilemma: Momentum
Active equityfund managers are staging a comeback. After years of underperformance, during which active managers lost tens of billions of dollars in assets to passive funds, during the first half of this year, over half of all US equity mutual funds outperformed their benchmarks, according to the latest flagship scorecard from SPDJI. Equity hedge funds are also doing well, gaining […]
October Realized Volatility Is Now The Lowest On Record
After September was declared the lowest volatility month on record, October is starting auspiciously, if only for the vol sellers. After last week stocks rose again on renewed hopes of a Trump tax deal and following a payrolls report which showed the hottest wage inflation since the financial crisis, the S&P 500 closed the week 1.19% higher, while […]
Another Government Is Attempting This Dangerous Mining Strategy
One of the world’s fast-growing mining trends has taken another twist this week. As I’ve been discussing for several months, governments in mining nations globally are obsessing about “value-added” production. Demanding that miners upgrade and refine metals in-country, instead of exporting lower-value products like concentrate. And this week, another government got on that bandwagon. In […]
Aurora Upsizes Financing Deal To $60 Million – Here’s The Details
Earlier today, Aurora Cannabis Inc. (ACBFF) (TSX:ACB) announced that the company would be raising $50 million CAD in a bought deal financing round. As of midday today, Aurora has just announced that they’re upsizing the financing round to $60 million CAD. This new offering amounts to 20,000,000 units, at a price of $3.00 CAD per unit. Each unit […]
