Author Archive: Jeremy Parkinson
Breadth Lagging New Highs
Below is a chart of the S&P 500-tracking SPY ETF from our Interactive Chart Tool platform (use it for free at any time here). If current prices hold, the S&P will make a new all-time closing high today…eclipsing highs last made in early August. We’ve been covering underlying market breadth quite a bit over the last few […]
ETF Watchlist: Week Of September 11, 2017
In doing some research this past week, I came upon a thread encouraging readers to talk about their worst investment or stock trade they’ve ever been a part of. It was a fascinating read that reminded me of the one thing that most people don’t feel like talking about. And that is that everybody has […]
Who’s Happy With Their Yen Short?
Ok, well if you wanted to look at just one thing to gauge sentiment on Monday, USD/JPY would probably be just as good a choice as anything. Between the rebound in Treasury yields and the evaporation of the safe haven bid, multiple factors are weighing on the yen and USD/JPY is set for its biggest […]
August 2017 Consumer Expectations: Show Mainly Stable Outlook
from the New York Fed Results from the August 2017 Survey of Consumer Expectations show a mainly stable outlook. Inflation expectations were unchanged at the one-year horizon and decreased slightly at the three-year horizon. Employment and wage growth expectations signal continued strength of the labor market, while consumers’ expectations of year-ahead increases in taxes continue to rise. […]
For Stocks, Diagnoses Come Before Prescriptions
Been to a doctor lately? Did your doc order a slate of tests to diagnose your condition? Physicians aren’t the only ones concerned with analytic assays. Economists, for example, have been fretting over the so-called “Trump Bump” that developed last November: Is it a permanent condition or merely a temporary lesion that will resolve itself […]
Will The Central Bank Party Continue? One Trader Notes “It’s Always Flow, Not Stock, That Matters”
Last week, former fund manager Rich Breslow made it clear that “the only thing standing between this being full-blown panic versus the frenetic gyrations we’re seeing is the central bank put.” He is, of course, correct. One glimpse at the following chart tells you all you need to know about ‘trading’ in these ‘markets’. However, as Breslow […]
Economic Noise Striking A Cautionary Tone
This article discusses an unusual but interesting indicator I designed to gauge the background economic noise emanating from an economy and show how it impacts on sentiment and reflects key underlying trends. The chart comes from the latest edition of the Weekly Macro Themes where we also looked at the indicator for Europe and emerging markets. As […]
United Natural Foods: Big Upside On Positive Earnings
Written by Finbox.io United Natural Foods, Inc. (NasdaqGS: UNFI) shares have taken a big hit following news of Amazon’s acquisition of Whole Foods. However, this may be completely overblown leading to significant upside in the stock’s current share price. Either way, investors should expect to gain further understanding around the acquisition’s potential impacts when management reports earnings […]
Another New High: Finally
With the S&P 500 poised for an all-time closing high today, bulls are breathing a sigh of relief after what seems like forever since the S&P 500 last record close. The reality is that the last record closing high for the S&P 500 was a relatively recent 23 trading days ago. The chart below […]
