Author Archive: Jeremy Parkinson
Bitcoin ETF Approval Odds At 50% As Decision Nears
What was once considered doubtful (by no less than myself) has become at least a coin flip and may actually be more likely than not. I’m talking about the potential SEC approval of the Winklevoss Bitcoin ETF (COIN). I was skeptical of how the SEC might react to volatility in the price of bitcoin, the number of […]
Small Caps Trendline Failure
Hurrah!!! Here’s the Russell 2000….. ……so, naturally, we’re finally making some headway on the ultrashort ETF as well!
Frothy Market Awaits Consolidation And New Catalysts
Last week, in the wake of the President’s address to Congress, stocks rallied hard but ran into a brick wall at Dow 21,000, Nasdaq 5,900, and S&P 500 2,400. For the moment, optimism is high due to solid economic and corporate earnings reports along with the expectation that economic skids will soon be greased by […]
US Credit Card Debt Sees Biggest Drop In Over Four Years
The credit-card fueled spending spree came to a screeching halt in January, when according to the latest just released consumer credit data from the Fed, revolving credit tumbled by $3.8 billion. This was the first decline since February of 2016, and the biggest drop since December 2012. On the other hand, the far more generous […]
Two Signs Stock Market Investors Are Preparing For (Much?) Higher Interest Rates
It’s become a bit passé by now to highlight the big hawkish shift in the traders’ expectations for next week’s FOMC meeting; unless you’ve been living under a rock, you know the market-implied likelihood of a 25bps rate hike has shifted from relatively unlikely (85%) in the last couple of weeks, driven by a run of solid […]
NAV Premiums Of Certain Precious Metal Funds And Trusts – Front Running
For those of you who wondered why there was such concentrated selling in the mining stocks a few weeks ago, perhaps this latest bear raid on the precious metals provides an adequate explanation. See the second chart below. As a reminder, Non-Farm Payrolls this week, and the FOMC the next.
PHI Group Signs Investment Agreement For $10 Million Funding
NEW YORK, March 07, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc. a U.S. public company focusing on acquisitions and investments in natural resources, other select industries and special situations(www.phiglobal.com) (OTCMarkets: PHIL), announced today that it has signed a definitive investment agreement with Azure Capital (the “Investor”) for a $10 million equity line facility to fund working capital […]
Salesforce Climbs After AI Deal With IBM Unveiled
The shares of Salesforce (CRM) are rising after the company unveiled a “global strategic partnership” with IBM (IBM) for the development of artificial intelligence products. NEWS: Salesforce and IBM last night announced that they would partner “to deliver joint solutions designed to leverage artificial intelligence.” IBM and Salesforce said they would begin the partnership by […]
Jill Tries To Climb IPO Hill
Despite the “retail winter” that Amazon (AMZN) has wrought on the industry, investors remain interested in finding defensible niches in the business. One meme that has gained some momentum is around “brands that control their product, distribution, and destiny.” J. Jill (JILL) is a woman’s clothing brand that started out as a catalog business in 1959. […]
Are Stocks Overbought?
On Monday, the market sold off slightly. The sell-off was either a continuation of the selling pressure caused by the market being overbought after the Trump-speech rally or because the stock market finally realized rate hikes are coming fast and furious this year. In my opinion, the market shouldn’t have rallied after Trump’s speech because […]
