Author Archive: Jeremy Parkinson
People Not In Labor Force Soar By 608,000
While the payrolls report (and wage gains) was an unmitigated disaster for anyone seeking “evidence” of an economic rebound (i.e., the Federal Reserve), there was some good news in the Unemployment rate which declined from 4.4% to 4.3%, the lowest going back to 2001. There is just one problem with the above “silver lining”: the […]
Drop In The Us Unemployment Rate Not Sufficient To Mask Disappointing Report
The US unemployment rate unexpectedly fell to 4.3%, a new multi-year low, but it is a misleading optic for what is a disappointing report. It is likely not weak enough to put much doubt into expectations for a Fed hike later this month, but it will reinforce the caution in the Beige Book and in recent […]
Hugoton Royalty Trust: A 6% Yielding Bet On Oil And Gas Prices
Royalty trusts can be a good place to look for investors focused primarily on high dividend yields. And, many royalty trusts pay dividends each month. Hugoton Royalty Trust (HGT) is no exception – the company has a high dividend yield of 6.4% using its trailing twelve month dividends. You can see the full list of established […]
Non-Farm Payrolls Only 138K, Wages Stuck At 2.5% – USD Crashes
A disappointing US jobs report on all fronts: only 138K jobs gained and wages are up 0.2% as expected but with a downwards revision. Year over year, salaries are stuck at 2.5%. The unemployment rate is down to 4.3% but the participation rate also falls to 62.7%. Revisions are negative but so is the real unemployment rate. […]
Top Ranked Value Stocks To Buy For June 2
Here are four stocks with Zacks Rank #1 (Strong Buy) and strong value characteristics for investors to consider today, June 2: Big 5 Sporting Goods Corporation (BGFV – Free Report) : This sporting goods retailer has seen the Zacks Consensus Estimate for its current year earnings soaring 16.8% over the last 60 days. Big 5 Sporting Goods Corporation […]
China’s Leverage Crackdown And What It Means For Stocks
For the last several decades, China’s economy has been growing at an extraordinary clip and now stands as the second largest economy in the world. Inevitably that rate must slow, which is exactly what has happened each year since 2010. The absolute rate of growth of the economy is a strong point of pride in […]
E-Mini S&P500 Ahead Of NFP
The S&P 500 is trading at all time highs with some sharp price move up from 2403 that we see as a fifth wave rally, the final part of a five wave recovery from 2345 called an impulse wave*. There are some Fibonacci levels around 2440 that may play an important role for the next […]
Sterling ‘Risk’ Spikes To Post-Brexit Highs Ahead Of UK Election
The premium to bet on the pound’s volatility in the next two weeks relative to one-month wagers has surged to the highest level since the aftermath of the Brexit vote ahead of next week’s U.K. snap election. As Bloomberg notes, even though polls suggest Prime Minister Theresa May remains on track to increase her parliamentary majority… But, so-called butterfly options… Show the pound’s […]
EC Risk Premia Forecasts: Major Asset Classes – Friday, June 22
The projected risk premium for the Global Market Index (GMI) ticked higher in May. GMI, an unmanaged market-value weighted mix of the major asset classes, is expected to earn an annualized 5.4% (over the “risk-free” rate) in the long run – 20 basis points above last month’s estimate. Adjusting for short-term momentum and longer-term mean-reversion factors (defined below) […]
Dollar Marks Time Ahead Of U.S. Jobs Report
The foreign exchange market is becalmed, leaving the US dollar narrowly mixed. The euro has been confined to less than a 20-pip range through the Asian session and most of the European morning. The news stream is light. The US withdrawal from the Paris Accord may have garnered the headlines, but as a market force, […]
