Author Archive: Jeremy Parkinson
This Indicator Suggests A Bear Market Is Now Underway And It’s Likely To Be A Painful One
NYSE margin debt fell again during the month of February. After the selloff in stocks that kicked off 2016, this should come as no surprise. Investors are usually forced to reduce leveraged bets during these sorts of episodes in the stock market. In fact, this forced selling can actually exacerbate the volatility. And because margin […]
Initial Unemployment Claims Rolling Average Again Worsens. But Still The Longest Streak Of Claims Under 300,000 Since 1973
Weekly Initial Unemployment Claims The market expectations (from Bloomberg) were 260,000 to 275,000 (consensus 266,000), and the Department of Labor reported 276,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 259,750 (reported last week as 259,750) […]
Dear Janet, You Have A Problem – The Fed Policy ‘Death Cross’
“Stock whisperer” Janet Yellen has a major problem. Despite the world’s central banks’ coordinated easing-driven surge in stocks off the mid-Feb lows, consumer comfort in America has collapsed to its lowest since Dec 2015. The “wealth creation” engine is not transmitting to animal spirits and exuberance among average joes… despite Jim Cramer’s exposition that “Yellen is speaking for the […]
HH Looking At Muted Returns? Your 401(k) Might Be Your Best Friend
First-quarter 401(k) account statements will be arriving in mail boxes in a few short weeks. When they do, a lot of Americans will wonder why they even bothered contributing. For all of the day-to-day noise, the market is going to finish the quarter pretty much where it started. And to think, the market hasn’t even crashed […]
3 Best-Ranked Large-Cap Blend Mutual Funds To Buy Now
Large-cap blend mutual funds seek to offer value appreciation through capital gains with relatively less volatility by investing in both value and growth stocks. Blend funds, which are also known as “hybrid funds”, owe its origin to a graphical representation of a fund’s equity style box. In addition to diversification, blend funds are great picks […]
Earnings Watch: BlackBerry Software Revenue Seen Pulling It Back From The Brink
BlackBerry (BBRY) is expected to report fourth quarter earnings before the open on Friday, April 1, with a conference call scheduled for 8:00 am ET. BlackBerry manufactures and markets mobile devices, such as smartphones, and creates software and services for those devices. EXPECTATIONS: Analysts are expecting losses per share of (10c) on revenue of $563.18M. […]
Cash Scrapped
Kiss your cash goodbye! The word is that things would be more convenient, crooks would be confounded and diseases might be thwarted if we’d just get rid of filthy currency as the most essential form of personal financial liquidity. Currently circulating in the corridors of world financial powers, it may appear as an enlightened technical […]
February Real Median Household Income Was Fractionally Below January’s Post-Recession High
The Sentier Research median household income data for February, released this morning, came in at $57,129. The nominal median declined $159 month-over-month but is up $2,562 year-over-year. That’s a decline of 0.1% MoM and 4.7% YoY increase. Adjusted for inflation, the latest income was down $63 MoM but up $2,031 YoY. The real numbers equate to increases […]
3 Things: Fed Levitation, Employment, Savings Rate
Fed Levitation What is going on at the Federal Reserve? On Tuesday, Janet Yellen comes out and announces that despite inflation being on the rise and employment below 5%, she is not going to raise the Fed Funds rate 4-times this year, nor even two times this year, but rather most likely none. Of course, this “one […]
VRX Seeks Amendment And Waiver To Credit Facility
Valeant Pharmaceuticals International (VRX) continues to be in news. On Wednesday, the stock dropped more than 6% even as the company announced that it has initiated the process to secure an amendment and waiver to its credit facility. The amendment will allow VRX to extend the deadline to file its 10-K to May 31 (from […]
