Author Archive: Jeremy Parkinson
Goldman Warns Its Clients They Are Overlooking “The Largest Macro Market Risk”
In the aftermath of Friday’s market “reassessment” and subsequent surge, when the ECB’s “bazooka” was found quite stimulative for risk assets after all (as opposed to the Thursday post-knee-jerk reaction) one would think that Goldman which still has a 2,100 year end target on the S&P500, would be delighted. Oddly enough, just like Bank of America, Goldman’s reaction […]
Daily Market Analysis – 3/14/2016
Video length: 00:01:31 During the day on Monday, we don’t really have much in the way of economic announcements, so we believe that this market will be very technically driven. Ultimately, this is a market that could be choppy, because we have a lot of things to think about. Without a doubt, the ECB […]
Is There A Limit To Draghi’s Negative Interest Rate Madness?
On Thursday, ECB president Mario Draghi lowered the deposit rate on money parked at the ECB to -0.4% from -0.3%. Draghi also cut the main refinancing rate by 5 basis points to 0%. How low can he go? Is there a limit? There is indeed a practical limit to negative interest rate madness, and it’s […]
Canada`s Changing Financial Landscape, Part 3: Lifecos And Real Estate
Lifecos Although innocent bystanders in the 2008 financial crisis, the life insurance companies were most impacted by the knock-on effects of the fall in equity prices, declines in long-term interest rates, poor credit quality of debt and a general decline in economic activity. As Table 1 demonstrates, the industry remains permanently ( i.e. long lastingly) impaired. Share […]
GBP/USD Forecast March 14-18
GBP/USD posted strong gains for a second straight week, as the pair climbed 150 points. GBP/USD closed the week at 1.4366. This week’s highlight is the Average Earnings Index Employment Change. Here is an outlook on the major events moving the pound and an updated technical analysis for GBP/USD. UK Manufacturing Production impressed with a gain of 0.7%, much higher […]
Fed Reserve Accommodates Investors Since 2008 But May Exit Party Unannounced
The Federal Reserve has wielded an undue amount of influence in the market’s recovery rally since the 2008 recession. Its accommodative monetary policy and quantitative easing (“QE”) have made for a most potent cocktail, “stimuflating” both asset classes and investor confidence. What people forget is that sometimes the hostess, no matter how gracious and entertaining, concludes that […]
Gold Sets Up To Pullback On Correction
Gold: With Gold rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level. Further down, a cut through here will open the door for a move lower towards the 1,220.00 level. […]
Moving Average Crossover Alert: Select Income REIT
Select Income REIT (SIR – Snapshot Report) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SIR broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend. This has already started to take […]
Crude Oil Volume Profile Observations
As mentioned last week on Twitter, I thought to provide some observations with TPO [time-price opportunities] and volume profiles. We will take a look on the WTI Crude oil market as it seems most traders are in love with this lovely beast. However, you can use this process on any other market as well. Last […]
Chipotle Ties Executive Pay To $700 Stock Price Target
In a regulatory filing Friday, Chipotle (CMG) stated, “In light of the challenges we faced during 2H15 and the resulting decline in the price of our common stock, in February 2016 the compensation committee of the board awarded performance shares to our executive officers that will be tied solely to highly challenging absolute stock price […]
