Author Archive: Jeremy Parkinson
All In Or All Out?
I love this line from a recent John Bogle interview: “One thing that I strongly urge: Don’t ever, ever, ever if you’re an investor think of being out of the market or in the market,” Bogle is discussing the “fully valued” nature of today’s stock markets and advocating slight changes to one’s allocations. He says it’s […]
E Market Briefing For Monday, Oct. 9
Projecting the path of this weekend’s hurricane (Nate) is more accurate than the old explorer routes; and probably more precise than gauging direction a fairly exhausted stock market advance will take over the very near future. In my view this past week was one of lower-volume thrusts to new high levels; a form of exhaustion; […]
Ripple Price Very Close To Mega Breakout
Ripple’s price chart looks awesome. It is very close to a mega breakout. However, investors should only get excited once a breakout is confirmed, the same goes for Ripple. We wrote recently that Ripple’s price would be very bullish for 2018 once above 0.26 USD. And Ripple is very close to that price right now. Ripple’s […]
The Italian Experiment And The Truth About Government Debt
Money is a slippery concept. Today we think of it as paper certificates and coins. But actually, anything that is generally accepted in trade can be considered money. The rise of cryptocurrencies is demonstrating this truth. In wartime scarce but desirable and easily transported commodities such as cigarettes, alcohol, jewelry and valuable paintings can act as currency. […]
A Futurist’s Vision Of Energy
Recently a client drew our attention to a presentation by Stanford University Futurist Tony Seba. He has made a splash with his predictions of imminent, dramatic changes in the transportation industry. In less than a generation he expects a world of self-driving (i.e. autonomous), electric vehicles (EVs) supported by a heavily solar/wind-powered electric grid. In June […]
GBP: Further Weakness Likely, But Not Inevitable
Talking Points: UK Prime Minister Theresa May remains under pressure ahead of the start of the fifth round of Brexit negotiations between the EU and the UK. Both fundamentally and technically, GBP/USD looks set for further falls. However, there’s bound to be a correction at some point; the key question is when. Fundamental Forecast for GBP: Bearish GBP/USD […]
Emerging Markets: Week Ahead Preview – October 8
EM FX ended the week under pressure, as US data points to a rate hike in December and perhaps more in 2018. FOMC minutes this Wednesday will be closely studied for clues. US retail sales and CPI data Friday will also be important. We believe the most vulnerable currencies in this environment are ZAR and TRY, but one could […]
Everything Changes When Bond Yields Begin To Rise
This week (Monday – Thursday) the Dow Jones closed at new all-time highs, with Friday’s close being just a whisker from making it five in a row. Looking at the daily closes for the Dow Jones (Blue Plot below) with its 52Wk High Line (Green Plot), since late October of last year, they’ve almost overlaid […]
Bulls Still In Charge
After reaching 2508, SPX consolidated for a few days down to 2489, and when it failed to go lower but broke above 2510 instead, it identified the correction as a re-accumulation pattern which carried a potential count to about 2575. I thought that there would be a phase consolidation taking place between 2530-2540, but the […]
2550 And 2600 Resistance
Here’s an updated support and resistance chart for the S&P 500 Index (SPX). 2600 is the next resistance level if 2550 can be cleared with maybe a small stall in the 2565 to 2575 area. You can see the Twitter sentiment chart for SPX here. The breadth and bullish and bearish chart is here.
