Author Archive: Jeremy Parkinson
Why Bank Of America (BAC) Is My Favorite Bank Stock
Bank of America (BAC) is my favorite bank stock right now, and its future looks a lot brighter. The share price could double from here. Bank of America has underperformed for a number of years in an already-shaky banking sector, with added uncertainty regarding interest rates, economic growth, lending, income generation, and regulation. But the […]
Virtuix Sets Equity Crowdfunding Launch Date For March 23, 2016
Dear Early Investor, Big news in the equity crowdfunding world this week. Virtual reality startup Virtuix has announced that it will be open to the public for investment on March 23. The company plans to raise between $10 million and $15 million. This will be Virtuix’s Series A financing. It has raised $8 million to date. The share […]
S&P 500 Snapshot: A Four-Week Rally In Play
Yesterday’s market indecision (up and down head fakes ending in a flat finish) gave way to an unambiguous conviction. Our benchmark S&P 500 rallied at the open and rose in a couple of waves to its 1.64% closing gain, just a tick below its intraday high. The popular financial press offered a couple of explanations: […]
China Bank Activity And Total Social Financing Did Not Suggest Anything Good
China’s Total Social Financing hugely disappointed in February, as January’s surge was not followed as if renewed economic enthusiasm. The net flow was RMB 780 billion compared to the record RMB 3.42 trillion the month before. This latest update was instead among the lowest monthly totals since 2010. New loans added up to just RMB […]
ECB Stimulus Disappoints
On a disappointing new ECB Stimulus package, stocks around the world sold off in true “sell on the facts” fashion, following the ECB announcements. European Central Bank President Mario Draghi and his policy-making compatriots delivered a bigger-than-expected stimulus plan Thursday, but also signaled that policy makers aren’t likely to further cut interest rates—sending a mixed signal […]
5 Costly ETF Mistakes You Can Easily Avoid
ETFs are becoming increasingly popular with investors due to their low cost, transparency, easy tradability and tax efficiency. The ETF revolution has made it possible for individual investors to get a convenient, diversified access to almost any investment strategy in virtually any corner of the investing world. Retail investors now have access to many investment […]
Credit Card Debt In The United States Is Approaching A Trillion Dollars
For the first time ever, total credit card debt in the United States is approaching a trillion dollars. Instead of learning painful lessons from the last recession, Americans continue to make the same horrendous financial mistakes over and over again. In fact, U.S. consumers accumulated more new credit card debt during the 4th quarter of […]
Risk Is Low You Say?
I am seeing more and more analysis reporting things like ‘my proprietary indicators have gone positive’ or ‘market risk has now cleared according to my indicators’ and so on and so forth. You’re about a month too late there guys. A market bounce was almost pre-coded due to sentiment that got way over bearish in January and February. Indeed, […]
Welcome To The Currency War: China Devaluation Watch
Not so long ago, a big Chinese currency devaluation seemed both inevitable and imminent. The story went like this: China had borrowed tens of trillions of dollars in response to the Great Recession and squandered much of it on uncompetitive factories and ghost cities. The companies and governments that own these worthless assets were about […]
Could A Significant Hedge Fund Performance Shift Be On The Way?
Is hedge fund performance about to change? While it is too early to categorize this as a trend, there is a subtle shift taking place on the HSBC Hedge Weekly performance list that we’ve been noting. Last week, with nearly ¾ of the top 20 hedge funds being of the managed futures CTA variety, public discussions […]
