Author Archive: Jeremy Parkinson
Low Cost Manufacturing In Asia – The Mighty Five – MITI V
The MITI V is the latest acronym to emerge from the wordsmiths at Deloitte’s. Malaysia, India, Thailand, Indonesia and Vietnam. All these countries have a competitive advantage over China in the manufacture of labour intensive commodity type products like apparel, toys, textiles and basic consumer electronics. According to Deloitte’s 2016 Global Manufacturing Competitiveness Index they […]
Crude Breakdown Could Take Stocks With It, Says Joe Friday
When an asset takes out horizontal resistance to the upside, it is nice to see the old resistance tested as new support, before pushing higher. The S&P 500 traded sideways for nearly 18-months, before breaking out to the upside and then testing old resistance as new support at (1) below. Once this support held, the […]
Gold $10,000 Coming – “Time To Prepare Is Now”
James Rickards: Long-Term Forecast For $10,000 Gold James Rickards, geopolitical and monetary expert and best selling author of the ‘The New Case for Gold’ has written an interesting piece for the Daily Reckoning on why he believes gold will reach $10,000 in the long term. Gold in USD Adjusted for Inflation 1970-2017 – Macrotrends.net He warns […]
Will Snap Pass The IPO Test?
After years of flipping between will it or won’t it, messaging service Snap (NYSE: SNAP), finally went public. The market has been looking forward to the IPO. But Snap will have to do more than just publish user metrics now. To justify its valuation, Snap will have to show its ability to drive revenue growth and […]
E S&P500 Could Be In For A Bear Market
E-mini S&P500 reached our 2375-2383 resistance zone as expected from where we can already see some bearish pressure coming in. Ideally, that’s start of a new impulsive leg down, beneath 2352 if we consider idea of a completed expanded flat formation.If that’s correct, then market will break below 2353, likely next week. S&P500, 1H
Solid Jobs Report But Divergence Between Jobs And Employment Is Still Strong
Initial Reaction Today’s employment report shows a robust increase of 235,000 jobs. And for the first time in many months, the rest of the report was good as well. Revisions The change in total nonfarm payroll employment for December was revised down from +157,000 to +155,000, and the change for January was revised up from […]
EC Happy 8th Birthday Bull Market! Has The S&P 500 Become Dangerously Overvalued?
Introduction According to an article in Quartz today, March 9, 2017, marks the 8th birthday of the US bull market which started on March 9, 2009. According to the article, this is the 2nd longest and 4th strongest bull market in history for the S&P 500. However, before we celebrate too excessively, we should pause and take a look at […]
China Central Bank Admits It Has A Debt Problem, Warns No Easy Solution
It’s a well-known risk, perhaps the biggest to the global financial system: China’s debt is too high, with estimates ranging from 250% to 300% of GDP per the IIF: And while China has largely ignored, or avoided, discussing the troubling implications of its unprecedented debt load, this changed today when the head of China’s central […]
Unexpectedly Higher South American Crops Impact US Bean & Corn Exports
Market Analysis The USDA continued its recent trend of unexpected surprises on their monthly report. This time it was in their South American production estimates when they made some significant increases in the continent’s soybean and corn crop outlook. These larger numbers also impacted the world’s ending stocks and the US balance sheets for the […]
EUR/USD Settles Above Resistance On Hawkish ECB Leaks
The decision of the European Central Bank hardly moved the euro until Draghi uttered his words about a lack of urgency. And now the common currency gets another boost, and not only from the NFP. According to reports, the ECB discussed the option of raising rates even before bond-buying ends. The Federal Reserve initially tapered QE from early 2014 before […]
