Author Archive: Jeremy Parkinson
Hardest To Borrow
Written by IB Securities Lending Desk The following table shows the 15 hardest to borrow securities during the week of 7/12/17 – 7/18/17.
Alcoa Inc. 2Q 2017 Earnings, T-Mobile US Inc. 2Q 2017 Earnings Released
The Alcoa 2Q 2017 earnings and T-Mobile US 2Q 2017 earnings reports were released after closing bell tonight. Alcoa posted adjusted earnings of 62 cents per share on $2.9 billion in revenue, against the consensus estimates of 60 cents per share and $2.85 billion in revenue. The aluminum maker reported $2.3 billion in revenue and […]
Oil Prices Firmed Up And The Entire Stock Market Is Happy About It
The short-term trend continues to be impressive. Oil prices firmed up and the entire stock market is happy about it. The Medium-Term The weekly chart of the S&P Equal Weight is pointed higher, and the momentum indicator is encouraging. The Leader List This has turned into a broad based stock market rally. Almost all of […]
Will The JCB End Its Addiction To Government Bonds?
Bank Of Japan Is In Trouble The unwind potential of the central banks’ assets that is about to hit the market is remarkable in its scope; the fact that it’s all happening at once only adds to the drama. There could be currency implications if the ECB decided to increase its bond buying while the […]
USDJPY: Weakens Further With Eyes On 111.00 Zone
USDJPY: The pair continues to hold on to its downside pressure closing lower on Wednesday and opening the door for more declines. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110.50 level and […]
Qualcomm, Inc. 3Q 2017 Earnings: Shares Fall After Results, Guidance
The Qualcomm 3Q 2017 earnings report was released after closing bell tonight. The chip maker reported non-GAAP earnings of 83 cents per share on $5.37 billion in sales, compared to the consensus estimates of 81 cents per share on $5.26 billion in revenue. In the same quarter a year ago, Qualcomm reported $1.16 per share in earnings […]
Nasdaq Record Highs But Trannies Tumble Most In 2 Months As T-Bills Turmoil
Bonds go nowhere, Dollar goes nowhere, Gold goes nowhere… news is dead… But stocks limp higher on near-record low volumes as volatility is curb-stomped asymptotically to zero… Video length: 00:04:05 Small Caps were the day’s best performer (on another squeeze) as Russell VIX plunged to a new record low (12.3) The Dow managed gains on […]
Stocks Touch Record Highs: Full Wednesday Visual Recap
Stocks hit record highs because you know, “sacred cow” and also because of some reassuring words from the President… After a day in which it spent some time in double-digits, the VIX stayed at a 9-handle all day: Oil rose to a near six-week high after the EIA report showed crude and product stockpiles […]
Global Bond Yields Still Favorable For Gold Despite Hawkish Rhetoric
In the past few weeks, a coordinated barrage of hawkish comments by central bankers of some of the world’s most advanced economies have pushed long-term bond yields higher, clearly weighing on gold prices. At the annual ECB forum in Sintra, Portugal, President Mario Draghi talked about a strengthening and broadening global recovery supporting nascent reflationary forces […]
