Author Archive: Jeremy Parkinson
Earnings Estimates Nonsense: Russell 2000 PE Is Negative, Operating Estimate 16.75
As earning reports rolled in, I have been watching the as-reported PE of the Russell 2000, Nasdaq, and S&P 500. The PE of the Russell 2000 is now negative. Meanwhile, the fluff estimate based on “operating earnings” by Birinyi Associates is a mere 16.75. Earnings Estimates The above chart from the Wall Street Journal. When the […]
Possible April Fed Hike Boosts Dollar
The dollar held firm on Tuesday, extending its rebound for a second session after several Federal Reserve officials in separate appearances supported the case for a hike in interest rates at the next Fed meeting in April. The U.S. central bank surprised investors last week by lowering its outlook for rate increases in 2016 and […]
Three Software Stocks Better Than Microsoft Right Now
Over the years, the software industry has changed the way organizations conduct their businesses and people connect with each other on the back of technological progress and innovations. When we think of the software industry, the first name that comes to our mind is Microsoft Corporation (MSFT – Analyst Report). Its operating systems are installed on the majority of […]
Strong U.K. CPI Report To Fuel GBP/USD Rebound
– Headline U.K. Consumer Price Index (CPI) to Pick Up for Fourth Consecutive Month. – Core Rate of Inflation to Hold Steady at Annualized 1.2% for Second Straight Month. Trading the News: U.K. Consumer Price Index (CPI) Another uptick in the U.K. Consumer Price Index (CPI) accompanied by stickiness in the core-rate of inflation may generate a […]
Domino’s Unleashes Pizza-Delivery-Robot As 2 Out Of 3 Americans Expect Jobs To Be Automated
The automation of the global workplace is spreading and, as Pew recently found, 65% of Americans now believe their job will inevitably be done by robots. In a low-growth world, every low-skill job is up for grabs by the robot/drone horde as the need to cut costs is core business for every CFO (aside from share buybacks) […]
Daily Market Analysis – 3/22/2016
Video length: 00:01:48 The markets on Tuesday will have several different announcements coming out of the European Union, and as a result it’s very likely that the markets will focus on Europe in general. At this point in time, it looks as if the stock markets will probably be where most of the action is, […]
Weekly Forex Technical Outlook – 22nd March, 2016
EUR/USD (1.125): EUR/USD has paused in its rally but the bias remains to the upside for now if prices manage to clear the upper resistance at 1.130 and remains above the previous high at 1.118 – 1.115. To the upside, the next level of interest comes in at the resistance high of 1.148, which was […]
E A Cabal Of Central Bankers
What would happen ‘if’ a cabal of central bankers secretly agreed at G20 / Shanghai, to debase both currencies and keep rates low, so as to lift (or sustain) financial assets near or at high levels? That’s a concern the markets face in a two-way dilemma. One aspect is of course the realization that slow […]
GBPUSD: Targets Further Downside Pressure
GBPUSD: Having the pair weakened on Monday, further bear pressure should follow. On the downside, support lies at the 1.4300 level where a break will turn attention to the 1.4250 level. Further down, support lies at the 1.4200 level. Below here will set the stage for more weakness towards the 1.4150 level. Its daily RSI […]
The Great Inflation-Unemployment Trade-Off Stupidity
The 15th March Financial Times article that I rubbished in a blog post last week contained the comment: “the 1970s ‘Phillips Curve’ trade-off between unemployment and inflation is alive and well“. Unbeknownst to me at the time, since I never tune in to Federal Reserve press events, Fed chief Janet Yellen said almost exactly the same thing […]
