Author Archive: Jeremy Parkinson
Will Draghi Drag The Euro Back Down? Preview
The European Central Bank convenes to make its mid-summer decision and they probably planned not to rock the boat too much. However, given the recent rise in the euro and also in bond yields, they might want to cool tapering expectations back down. In the past, Draghi managed to drag the euro down. Will he […]
Market Forecast: OPEX Week July 2017
I have SPX falling to 2444/45 Wednesday and GDX down to near 21.90/.93. By Friday SPX should be tagging 2479 +/- and GDX to near 22.99/23.00. Past cycles and VOL cycle suggest an up open tomorrow that will be sold. By 11:00 EDT we should see a sell-off to 2444/45 SPX. Wisdom dictates late day […]
Indian Indices Continue Momentum; Telecom Sector Gains
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the telecom sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 162 points (up 0.5%) and the NSE Nifty is trading up 48 points (up 0.5%). The BSE Mid Cap index is trading up by […]
Market’s Rock Goddesses And Mere Mortals
A list called “The Top Tens” voted for the “Best Female Rock Singers of All Time.” In no way meant as a personal endorsement, their number one pick is Amy Lee of Evanescence. I chose her to headline today’s Daily. Why? If we consider her a rock goddess, then her song, My Immortal speaks to her sadness […]
EUR/USD: Overbought After 1.15 Break; What’s The Trade? – Danske
EUR/USD made a big break and is already eyeing 1.16. Has it gone too far? Here is the view from Danske: Here is their view, courtesy of eFXnews: Danske Bank FX Strategy Research notes that EUR/USD has entered into an overbought territory after breaking above 1.15 overnight, driven by general USD weakness after Republican Senate majority leader […]
Death By A Thousand Cuts
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 54 = 21,574 SPX + 1 = 2460 (record) NAS + 29 = 6344 (record) RUT – 3 = 1427 10 Y – .05 = 2.26% OIL + .30 = 46.32 GOLD + 8.30 = 1243.00 BITCOIN + 0.45% = 2338.41 USD ETHEREUM […]
The ‘Mystery’ Of The Missing Inflation Solved In 1 Chart
DM central bankers are looking for inflation. But no matter how hard they try, they can’t find any. And that right there is throwing a monkey wrench in the whole “it’s time to roll back crisis-era policies” narrative. Of course we all know that’s absurd. There’s plenty of inflation and indeed it’s showing up in […]
Share Markets In India Open In Green; Aurobindo Pharma Soars 5.7% On USFDA Approval
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.83% while the Hang Seng is up 0.29%. The Nikkei 225 is trading up by 0.11%. The US markets ended on a high note with the Nasdaq Composite hitting a record high on Tuesday while Goldman Sachs Group dragged the Dow lower on lower earnings. […]
UBS Explains Who’s Most At Risk In The Next Consumer Deleveraging Cycle
In their 2Q 2017 survey, UBS found that, for the first time since at least 2014, the trajectory of financial health of low-income households has started to diverge from that of more affluent households. Per the graph below from UBS’ credit strategy team led by Matthew Mish, while a firming job market has helped households making over […]
