Author Archive: Jeremy Parkinson
Quiet Korea Sparks Panic Bid For Stocks, Dollar As Gold, Yen Dumped On Asia Open
The end of the world did not happen… Buy stocks, dump gold, and back up the dollar truck… Safe-Haven precious metals, bonds, and Yen are for losers… It’s stocks you want… And load up on dollars…
EURUSD Daily Analysis – Monday, Sept 11
EURUSD stays above the bullish trend line from 1.1662 to 1.1823 and remains in the uptrend from 1.1662. As long as the price is above the trend line, the upside movement could be expected to continue and next target would be at 1.2165. On the downside, a clear break below the trend line support could bring […]
Dollar, Futs On The Rebound Early As Irma, Kim ‘Disappoint’
Well, I suppose this was inevitable. With yields, gold, and the dollar all having priced in a Cat. 5 landfall from Irma and another ICBM launch from North Korea headed into the weekend, anything short of the worst case scenario was bound to be met with something of a relief rally. As Bloomberg notes, the […]
Which Of These 5 Stocks Will Win This NFL Season?
NFL season is now upon us. So far Kansas City Chiefs have recorded a shock defeat of the defending Super Bowl LI champion New England Patriots 42–27 in the NFL Kickoff Game. To mark the first week of play, we decided to take a quick look at the team owners and rank them according to […]
Revisiting The US Yield Curve
In a blog post in February of last year I explained that an inversion of the US yield curve has never been a recession signal. Instead, the genuine recession signal has always been the reversal in the curve from ‘flattening’ (short-term interest rates rising relative to long-term interest rates) to ‘steepening’ (short-term interest rates falling relative to […]
S&P 500 Snapshot: Up 9.94% YTD
The S&P opened Friday at its intraday low, hit its high within a couple of hours, and remained mostly flat for the remainder of the day. The index closed the day with a 0.15% loss from Thursday and is up 9.94% YTD. The U.S. Treasury puts the closing yield on the 10-year note at […]
Sensex Opens Firm Tracking Positive Asian Stock Markets
Asian stock indices are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 1.38%, while the Hang Seng is up 0.92%. The Shanghai Composite is trading up by 0.23%. The US equity benchmarks ended the last trading session of the week lower amid concerns about the economic impact of Hurricane Irma. Back home, share markets […]
You Have Been Warned: The Situation In The Markets Is Much Worse Than You Realize
It’s about time that I share with you all a little secret. The situation in the markets is much worse than you realize. While that may sound like someone who has been crying “wolf” for the past several years, in all honesty, the public has no idea just how dire our present situation has become. […]
S&P And MSCI May Change The Composition Of The Telecommunications Sector
In July of this year S&P Dow Jones Indices and MSCI announced they were considering making changes to the current GICS Telecommunications Sector. Any changes would be announced in November and go into effect in 2018. Currently, the telecommunications sector represents about 2% of the S&P 500 Index. S&P’s and MSCI’s intent is to broaden the composition […]
Is The Yuan About To Tumble After Friday’s Shocking PBOC News? Here Is Goldman’s Take
In a move that stunned China currency watchers, late on Friday (local time) Bloomberg reported that China’s central bank decided that it would remove a reserve requirement for financial institutions trading in FX forwards for clients by cutting it to zero from 20% currently. The change would take place on Monday, September 11 (it has yet to be […]
