Author Archive: Jeremy Parkinson
Bear Market Rally Fizzles: Global Stocks Down On BOJ Disappointment; Oil Slides For 2nd Day
Was that it for the great February/March bear market rally? After soaring by 200 S&P point from the February 11 lows, the S&P 500 appears to have finally hit a resistance at a point where GAAP P/E is now a frothy 23x, and where even Goldman says the S&P500 is overvalued based on conventional market […]
WTI Crude Oil And Natural Gas Forecast – 3/15/2016
WTI Crude Oil The WTI Crude Oil markets fell on Monday as the market is starting to run out of steam. The $38 level seems to be rather resistive, and it seems to extend all the way to at least the $40 handle above. Remember, US shale oil producers have suggested that they will flood […]
Freeport-McMoRan: Liquidity Analysis And Implications
Analysis Overview – Freeport-McMoRan (NYSE: FCX) has surged by 167% in the last two months and the rally can sustain if the company is successful in its deleveraging initiative through sale of assets. This article analyzes the potential cash inflow and outflow for the next 24 months to conclude that there are reasons to remain […]
Morning Call For March 15, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 -0.56%) are down -0.50% and European stocks are down -0.71% as a slide in commodity prices drags down raw material and energy producing stocks. Freeport-McMoRan is down over 5% in pre-market trading as the price of gold drops to a 1-1/2 week low and Schlumberger Ltd. SLB is down over 1% in […]
Iphone Demand For March Quarter Ahead Of Expectations, Says Morgan Stanley
Apple (AAPL) iPhone demand for the March quarter is ahead of expectations, says Morgan Stanley Morgan Stanley analyst Katy Huberty. Huberty reported that the firm’s iPhone Tracker, which is based on sell-through data, implies demand for 56.5M iPhones in the March quarter, which she notes is “far ahead” of the firm’s estimate of 49M iPhones. […]
FX Market Trains Spotlight On Fed
With the Bank of Japan policy decision out of the way, markets can zero in on the US Federal Reserve Bank’s next meeting which concludes tomorrow. Janet Yellen, the chief of the Fed, is expected to affirm markets that US interest rates will continue to rise in the months ahead. Analysts believe that the Fed […]
EU Bullet Report – Currencies In The Spotlight
AUD/USD posted strong gains for a second straight week, gaining 150 points. The pair closed at 0.7555. This week’s highlights are RBA minutes and Employment Change. USD/CAD: The Canadian dollar posted strong gains for a third straight week, gaining about 130 points against the US dollar. USD/CAD closed the week at the 1.32 line and is […]
Buy & Hold Can Be Risky, Too
Holding stocks for the long run has obvious appeal. The historical record shows that if you simply ignore the short-term noise and focus on the next 10 or 20 years, you’ll do fine, and perhaps substantially better than fine. The big risk is that you chicken out midway through the next period of subpar performance. […]
The State Of The Global Economy
Europe sets the tone but will Asia follow……. On Thursday, 10 March 2016, the European Central Bank (ECB) announced a series of 6 significant policy decisions aimed at driving growth, raising production and stimulating overall economic activity. Among the most significant policy decisions was the increase of asset purchases by €20 billion per month, […]
GBP/USD: Sells Off On Price Weakness
GBP/USD: The pair followed through lower on the back of its Monday losses on Tuesday. This development leaves GBP/USD threatening further downside pressure in the days ahead. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below […]
