Author Archive: Jeremy Parkinson
IPO Lockup Expiration: Virtu Financial
Virtu Financial – (NASDAQ:VIRT) – Sell or Short Recommendation – PT $21.25 October 13, 2015 ends the 180-day lockup period on Virtu Financial Inc. . With the conclusion of the lockup period, the company’s pre-IPO shareholders will have an opportunity to sell their own shares totaling over 15 million units, roughly equal the shares trading on the […]
Indicator Triggers First Time Since 2000, “Threats & Opportunities” That Follow
Below is a quick view of indices in the states this morning. Click on the picture to enlarge As you can see, each remains inside of 4-5 year rising channels and each created a potential bullish reversal pattern (bullish wick) this past week, at/near support levels. With our 125/5 indicator sending us a signal for the […]
Jobs Report Moves Fed One Step Closer To QE IV
The September Non-Farm Payroll Report came in with a net increase of just 142k jobs. The unemployment rate held steady at 5.1% and the labor force participation rate dropped to the October 1977 low of 62.4%. Average hourly earnings fell 0.04% and the workweek slipped to 34.5 hours. There were significant downward revisions of 22k […]
Silver & Crude Are Soaring
While gold remains unchanged, silver prices are surging higher this morning as crude oil jumps supposedly on geopolitical tensions… but technical resistance looks key… Silver is breaking above its 100-day moving-average and Crude is pulling away from its 50-day moving average (after being glued to it for a month). Charts: Bloomberg
Lashed To The Zero Bound – The Fed’s Ship Of Fools
If you don’t think financial markets have been utterly destroyed by central bank intrusion then how can you explain Friday’s 460 Dow point reversal higher after the post-NFP low? It was pure machine rage triggered by another implied “lower for longer” Fed policy signal. While I think the BLS establishment survey isn’t worth the paper it’s manipulated on, it did take a […]
Risk Premia Forecasts | 5 October 2015
The expected risk premium for the Global Market Index (GMI) dipped again in September. GMI — an unmanaged, market-value weighted mix of the major asset classes — is projected to earn an annualized 3.2% over the “risk-free” rate in the long term. (For details on the equilibrium-based methodology that’s used to generate the forecasts each […]
EC The Most Important Investing Risk
The stock market has averaged compound total returns of about 9% a year over the last 100+ years. This means a doubling of your money about every 8 years. When your money doubles every 8 years on average you will eventually become very wealthy. And that’s only if you match the market returns. Surely, some investors should beat […]
Great Graphic: Evolving NPL Challenge In Europe
Former Federal Reserve Chairman Bernanke has argued that the poor productivity has held back growth in the US. This seems true in Europe as well, but it has an additional problem: nonperforming loans. As a fraction of all EU loans, the nonperforming share has doubled since 2009 to one trillion euros or 9% of the region’s […]
Target Date Funds As Aid In Portfolio Design
Investors in or near retirement should be aware of portfolio design leading fund sponsors suggest as appropriate Leading target date funds appear to generally have less severe worst drawdowns that a US 60/40 balanced fund The funds have slightly higher yields than a US 60/40 balanced fund Target date funds have underperformed a US 60/40 […]
