Author Archive: Jeremy Parkinson
Here’s A Market That’s ‘Unambiguously Stretched’
Regular readers know that we, much like at least one or two credit strategists we’ve spoken with at one of the major banks, believe that when it comes to Teflon assets, credit has in fact been the poster child for resilience. Sure, vol. is low across the board, but the extent to which spreads have […]
10 Low PE Stock Picks For The Enterprising Investor – July 2017
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected 10 low PE stocks for the Enterprising Investor. These companies have the lowest PEmg (price / normalized earnings) ratio out of all companies reviewed by ModernGraham. Each company has been determined to be suitable for the Enterprising Investor […]
Russia Is All The Rage
For oil and the markets, Russia is all the rage. There is the big OPEC/non-OPEC pow-wow in Russia and reports that Special Prosecutor Robert Mueller is opening an investigation into President Donald Trump’s business transactions with Russia one day after the President said that that would be a red-line for him. Of course Robert Mueller […]
Dollar Continues Downward Slide
The dollar weakened further early Friday morning with no end to the spiral in sight after European Central Bank President Mario Draghi making comments on Thursday afternoon that sent the common currency to near two-year highs against the greenback.The dollar is now 10 percent down against the euro since the start of 2017. The dollar’s […]
Post-BoC Canadian Dollar Rally Vulnerable To Softening CPI
– Canada Consumer Price Index (CPI) to Slow for Second Month in June. – Core Inflation to Hold Steady at Annualized 1.3% for Six Consecutive Months. – Retail Crowd Remain Stubbornly Net-Long USD/CAD Since June 7, When It Traded Near 1.3481. Trading the News: Canada Consumer Price Index (CPI) Another slowdown in Canada’s Consumer Price Index (CPI) may tame the […]
Rail Week Ending 15 July 2017: Economic Intuitive Slowing Continues
Week 28 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors slowing continues. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis, rail over […]
EUR/USD: Draghi And Trump Sink The Dollar
Yesterday, trading on the euro/dollar pair closed up. By the end of the day, the euro had appreciated by 115 pips against the dollar, reaching 1.1630. The rate had dropped to 1.1479 before Mario Draghi’s press conference. The European Central Bank decided to maintain rates at their current levels. The base rate remains at zero, […]
E Why Is Inflation So Low, Virtually Everywhere
“The most important lesson from the 1930s, as well as from the modern-day Japanese experience, is that monetary policy provides no answer for a chronic deficiency of aggregate demand. Addressing it is a task primarily for fiscal authorities. The idea that central banks should consider making a new promise to raise their inflation targets is […]
Euro Surges To 2-Year High In “Bipolar” Draghi Reaction; Futures Flat
The euro’s surge to an almost two-year high put a cap on the global market rally in Friday’s quiet session, with most major exchanges consolidating after a second strong week of gains. The MSCI Asia-Pacific index declined for first time in ten days while the European Stoxx 600 index was fractionally in the green as […]
Oil At Important Resistance Area
Oil price got rejected yesterday once it reached the Daily Kumo (cloud) resistance at 47.30$. Oil price could be making a double top reversal here if we see price remaining below the Daily Kumo (cloud). A rejection at current levels will bring pressure to oil prices. A break below 46-45.70$ could signal a reversal confirmation […]
