Author Archive: Jeremy Parkinson
Low Volatility ETFs Still In Play
Yellen’s dovish comments may be fueling a market rally at the end of one of the most volatile quarters in years, but these haven’t buried low volatility ETFs. The new-found optimism on Yellen’s hint of a ‘cautious’ rate hike trail perked up investors sentiments lately, helping U.S. bourses to score gains for two back-to-back days […]
E The Daily Shot And Data – April 6, 2016
Greetings, This morning we start with China where the service sector PMI (from Caixin/Markit) came in above expectations. This had a calming effect on stock markets in Asia and pushed the S&P futures higher. Source: Markit Here are several other China-related developments we are tracking. 1. Auto sales growth in China rose. Source: MNI 2. […]
Silver Prices Ease Following Stable Stock Markets
Silver prices (FXCM: XAG/USD) have eased back from yesterday’s high of $15.23 as the slide to global stock markets abated today. The stable stock markets is lowering the demand for safe haven assets such as Gold and Silver. Silver’s technical trend is downwards below the March 31 swing high of $15.56, as the March 31 […]
India Trims Interest Rate
The Indian economy was tipped to break into the ranks of the world’s powerhouse economies, but it has seen significant setbacks since the Global Financial Crisis struck. The value of the Rupee has fallen dramatically against the US Dollar in recent years; prior to the worst onslaught of the crisis in 2008, a Dollar would […]
Pfizer, Allergan Terminate $160 Billion “Inversion” Merger; Banks Lose Over $100MM In Fees
Less than two days after the US Treasury cracked down on inversion deals, and one deal in particular, Pfizer’s (PFE) pharma record $160 billion acquisition of Allergan (AGN), the two companies announced the deal is officially over. From the press release: Pfizer Announces Termination of Proposed Combination with Allergan Pfizer Inc. today announced that the […]
The Janet Yellen Market Rally!
Currently, we are experiencing the SPX topping formation. Again, it is dangerously overextended. The SPX staged a strong rally due to the repeated actions of Central Bankers, during the month of February 2016. Presently. we are truly living, investing and trading in ‘unprecedented’ times. Another push higher is not out of the question, at this […]
Japan’s Abe Expresses Concern Over Intervention
The US Dollar was trading near to a 17-month trough versus the Japanese Yen after Shinzo Abe, Japan’s Prime Minister, hinted that the Bank of Japan’s intervention in the Yen’s rise might not be as evident as it appears. According to Abe in a recent media interview, countries, including Japan, should avoid “arbitrary intervention” solely […]
African Markets Plumb New Lows As Economic Uncertainty Triggers Capital Flight
So far in 2016, no market has been spared the toxic blend of plunging oil prices, global growth headwinds and policy uncertainty. For Africa, these forces have combined with government mismanagement and deep-rooted corruption that have made the investing climate more uncertain than ever. However, jitters about Sub-Saharan Africa stretch way back. Over the past […]
E Mid Cap Best & Worst Report – April 6, 2016
The best mid cap sectors are utilities and technology. The highest scoring mid cap industry is oil & gas equipment & services. After rolling scores to reflect second quarter seasonality, the average mid cap score is 57.78, which is below the 61.67 four week average score. Historically, the second quarter offers coin-flip seasonality with mid […]
Buying Dollar Bills For $1.10
The following research was jointly produced by: J. Brett Freeze, CFA of Global Technical Analysis and 720 Global As we have previously noted, a large majority of companies, including 94 of the S&P 100, have actively repurchased shares since 2011. These companies often announce and execute share repurchases without providing a rationale to shareholders. As a fiduciary of […]
