Author Archive: Jeremy Parkinson
What Goldman Is Telling Its Clients: Sell In May, And Don’t Come Back For One Year
While Goldman gives the following explicit warning in all of its public research pieces: “Our asset management area, our proprietary trading desks and investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this research”, the reality is that in recent months Goldman’s chief equity strategist David Kostin has […]
Chopped Into Another Marginal All-Time High
T2108 Status: 53.0%T2107 Status: 54.1%VIX Status: 12.4General (Short-term) Trading Call: Neutral.Active T2108 periods: Day #144 over 20%, Day #103 above 30%, Day #47 above 40%, Day #2 over 50% (overperiod), Day #13 under 60%, Day #213 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or (SPY)SDS (ProShares UltraShort S&P500)U.S. Dollar Index (volatility index)EEM (iShares […]
Is A 50% Hedged ETF A Good Idea?
U.S. dollar strength is on a roller-coaster ride this year with the currency strengthening massively in the early part of the year on rising rate speculations in the U.S. but falling against a basket of key global currencies since April 2015. Market participants were earlier strongly wagering on the faster-than-expected rise in Fed rates that […]
Athens Could Default On June 5
The financial situation in Athens remains in limbo. After another week of no progress between the Alexis Tsipras government and its creditors, the International Monetary Fund is showing signs of impatience and is threatening to pull out of any new bailout compromise. Last week, Greece withdrew its SDR reserves in order to make a large […]
U.S. Income Inequality Places It In Bad Global Company
Plutarch, the famous Greek historian, is attributed to saying “An imbalance between rich and poor is the oldest and most fatal ailment of all republics“. Whether we agree on what causes this problem (or cirumstance for those of you who do not see it as a problem) is not nearly as important as the inevitable outcome […]
U.S. Farmers In “Dire Straits”: JPM Warns Of Imminent Liquidity Crunch
Despite the government’s ‘advice’ to young debt-laden students, the tragedy of the American farmer continues with worryingly pessimistic views on the future of the industry. With farmland prices falling for the first time in almost 30 years, credit conditions are weakening dramatically and the Kansas City Fed warns that persistently low crop prices and high input costs reduced profit […]
Insider Trading Report Edition 256: Notable Buys And Sales
Welcome to edition 256 of Insider Weekends. Insider buying almost doubled again last week with insiders buying $143.37 million of stock compared to $74.57 million in the week prior. Selling also increased with insiders selling $1.83 billion of stock last week compared to $1.04 billion in the week prior. Sell/Buy Ratio: The insider Sell/Buy ratio is calculated by dividing the […]
4 Strong Reasons To Buy Japan ETFs Now
U.S. stock indexes remain stuck in range this year. While stocks may still grind higher if the monetary policy stays ultra-accommodative and the economic growth picks up, many have started worrying whether their valuations look stretched now considering prospects for earnings growth. Some investors have started looking for better opportunities in international markets. ETFs […]
First Quarter S&P 500 Earnings Surprising On The Upside
Companies report their earnings at different times, which means that there are four quarterly “earnings seasons“, a period of 6-8 weeks after the beginning of every quarter when companies make their prior quarter earnings results public. Analysts track the results of various companies on an ongoing basis as they are reported throughout the earnings season, […]
Weighing The Week Ahead: Will The Interest Rate Spike Threaten Stock Prices?
This week’s economic calendar includes the most important housing data, but the market context will prove irresistible to the pundits. Stocks continue at the top of the trading range, and even broke through for a few minutes. Even more interesting is the bond market. Interest rates decisively broke their trading range and also showed a […]
