Author Archive: Jeremy Parkinson
Bloomberg Explains Why “Nobody Believes This Rally”
Last week, when looking at the latest fund flow data, we noted an unexpected finding: as BofA itself said, “clients don’t believe the rally, continue to sell US stocks” and added that the “smart money” has now sold stocks in the face of this bear market rally for a near record seven consecutive weeks.” We also explained who […]
Gold Falls As Stocks Climb, Dollar Rebounds
Gold prices slipped for a third straight session and settled at $1243.60 per ounce, losing $11.77, as strength in equities markets and a rebound in the dollar sapped demand for the metal. Stock markets in the U.S. closed higher yesterday although weaker than anticipated existing home sales data limited gains. Sales of existing homes fell […]
The Predicament Between Gut Feeling And Actionable Intelligence
You know that moment when you start feeling like something in in the market isn’t quite right? Maybe it seems like stocks have reached an extreme, or that there is a big event on the horizon, or just a gnawing in your gut that something is due to change. That sensation is hitting me right […]
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 […]
