Author Archive: Jeremy Parkinson
US Consumers Tap Out: Credit Card Defaults Surge To 4 Year High And It’s Getting Worse
Two weeks ago, when JPMorgan launched Q1 earnings season, we noted that while the results were generally good, one red flag emerged: the company’s credit card charge offs rose to just shy of $1 billion, the highest in four years. It wasn’t just JPM: all other money-center banks reported similar trends, so we decided to look […]
Indian Indices Remain Range Bound; Metal Stocks Witness Selling
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the metal sector and FMCG sector witnessing maximum selling pressure. Consumer durables sector is trading in the green. The BSE Sensex is trading down 72 points (down 0.2%) and the NSE Nifty is trading down by 11 points (down 0.1%). The BSE Mid Cap index is trading up […]
ECB To Reduce QE- Euro Vulnerable To Dovish Draghi
– European Central Bank (ECB) to Retain Zero-Interest Rate Policy (ZIRP), Narrow QE Program. – Will the Governing Council Increase Its Efforts to Ward Off a Taper-Tantrum? Trading the News: European Central Bank (ECB) Interest Rate Decision The European Central Bank (ECB) is widely expected to retain the zero-interest rate policy (ZIRP) as it struggles to achieve its […]
Why The Traditional “Emergency Fund” Is A Bad Idea
Now I am sure that I’m going to get a lot of heat for this one, so just let me say that if you do have an emergency fund, that is great, but you are only halfway there. In general, people start an emergency fund to set aside the funds needed in the event of a personal […]
Sizeable Stock Market Gains – Trend Following
New Highs…Confidence …all of the above on the stock market. Trend followers should buy new highs. High can go higher. The complete opposite of trying to buy the low and be smart. Buying new highs or all time highs takes a different mindset. However, it probably best to take emotions out of the trade and […]
Above The 40 – A Stretched S&P 500 Loses Bid For Overbought Status
AT40 = 68.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 65.4% of stocks are trading above their respective 200DMAsVIX = 10.9 (volatility index)Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), pushed into overbought territory today with an intraday high of 72.7%. AT40 […]
ECB Preview: Dovish Draghi Or A Dose Of French Delight?
The European Central Bank is unlikely to change its policy in the upcoming meeting, but it could hint about the next steps. The removal of the “use all instruments” phrase helped push the euro higher until Draghi clarified it was not that important. Will the fall in inflation trigger some dovishness and a hint for […]
Devil In The Detail
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 21 = 20,975 SPX – 1 = 2387 NAS – 0.27 = 6025 RUT + 8 = 1419 (record close) 10 Y – .02 = 2.31% OIL – .41 = 49.15 GOLD + 5.00 = 1270.00 Here’s the good news – it wasn’t […]
Sensex Opens Flat; Axis Bank Falls 1.7% On Weak Q4 Results
Asian markets were mostly lower in morning trade following the lower close on Wall Street as investors analyzed details on U.S. President Donald Trump’s highly-anticipated tax reform plans. The Nikkei 225 is off 0.24% while the Hang Seng is down 0.05%. The Shanghai Composite is down 0.47%. Meanwhile, stock markets in Europe closed their previous session on a positive […]
P2P Lender China Rapid Finance Lays Out Terms For IPO
China Rapid Finance (Pending: XRF), a Shanghai, China-based peer-to-peer (P2P) lender, has announced its terms for its upcoming IPO. The company plans to raise $105 million through the offer of 10 million shares priced between $9.50 and $11.50 per share. Assuming the company prices at the midpoint of its price range, it would have a market […]
