Author Archive: Jeremy Parkinson
A Deluge And An Eclipse
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 6 = 20,981 SPX + 1 = 2388 NAS + 23 = 6048 (record high close) RUT – 2 = 1417 10 Y – .02 = 2.29% OIL – 1.01 = 48.61 GOLD – 5.50 = 1264.50 Today brought a deluge of earnings. […]
The Newest ETF May Be The Best Yet
The idea behind the ETF Industry Exposure & Financial Services ETF (TETF) is simple: ETFs are the fastest-growing investment category ever. From a single fund, SPY, in 1993 ETFs now total just over 6,000 different offerings. ETFs have grown at over an annual rate of 19.4% over the last decade and now have more than […]
Tomorrow’s GDP Report Will Confirm The ‘Jobs Saved’ Economy Remains
The advance estimate for GDP is scheduled for release tomorrow, and by current estimates it should be a total washout. Yet another first quarter is expected to be a disaster, the fourth in a row and the third straight under the “residual seasonality” regime that was supposed to reveal the hidden economic strength obscured by […]
AUD/USD Forms A Doji After Confirming Below Ichimoku
After Australia’s Consumer Price Index disappointed the markets, AUD/USD confirms below the Ichimoku cloud, forming a Doji Candlestick pattern. Here is a quick IDDA overview to help you develop a trading strategy for our mate Down Under as traded versus Ms. USA. 1- Technical Points Daily Time Frame: For new Invest Divas here let me explain that Technical Analysis is […]
Baidu Beats Q1 Earnings And Revenue Estimates
Baidu, Inc. (BIDU – Free Report) released its financial results for the first quarter of 2017, posting earnings of $0.66 earnings per share and revenues of $2.3 billion. Currently, Baidu is a Zacks Rank #3 (Hold) and is up 0.64% to $187.86 per share in trading shortly after its earnings report was released. Beat earnings estimates. The […]
The “Japanisation” Of European Banks: A Lethal Danger
The “Japanisation” of banks is the new illness of contemporary finance. Stemming from Japan, it is expanding progressively, especially in Europe. How does this disorder translate? Well, banks are drifting away from their core business – lending to companies – because companies have lower credit needs in a no-growth environment and, furthermore, companies tend, more […]
Gold Prices May Rise As Soft US GDP Cools Fed Rate Hike Bets
Gold prices are adrift in familiar territory, mirroring consolidation in the US Dollar and the priced-in 2017 rate hike path implied in Fed Funds futures. The spotlight now turns to first-quarter US GDP figures. Consensus forecasts point to an annualized gain of 1 percent, a steep slowdown from the 2.1 percent recorded in the three months through December 2016. A […]
Don’t Worry: “It’s Only 1997” Besides “It’s Different This Time”
Two articles in the last two days, one on Bloomberg, the other on the Wall Street Journal, provided key reasons we should not worry about stock market bubbles. It’s only 1997 (P/E valuations have not exceeded the dot-com bubble in 2000 yet) It’s different this time (always a classic argument) It’s Only 1997 Bloomberg explains In Dot-Com Bubble […]
Directing Traffic Flow During Earnings Season
I have a fascination with traffic cops. They keep track of which cars to hold up and which ones to let move forward. They watch pedestrians crossing the street. They blow whistles. They often entertain, moving their arms and legs like dancers. Anything that distracts them from doing their job can result in all-around havoc. […]
