Author Archive: Jeremy Parkinson
“Risk Off” Making Some Headway
Global “Risk Off” has been Making Some Headway. Last week saw ten-year Treasury yields (TNX) drop 15 bps to 2.23%, the low since the week following the election. German bund yields declined another four bps to a 2017 low 19 bps. The Crowded Trade hedging against higher rates is blowing apart. The Crowded yen short […]
Stock Trading Alert: S&P 500 Broke Below Recent Lows, New Downtrend Or Just Correction?
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next […]
Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday
Boom! It’s Monday. Let’s hit the ground running in China, where we got a raft of econ data overnight. People like bullet points, especially when they’ve got a vacation hangover, so here’s the quick take: CHINA 1Q GDP GROWS 1.3% Q/Q; EST. 1.5% CHINA 1Q GDP GROWS 6.9% Y/Y; EST. 6.8% CHINA MARCH INDUSTRIAL OUTPUT […]
Macro Mondays: Annuities
In some form or another, you may have heard annuities mentioned on infomercials or by well-known insurance providers…or even as a viable option if someone wins the lottery. But what exactly are annuities, and why are they primarily the favorite child of insurance salesmen (and ladies)? Today on GradMoney’s Macro Mondays, we introduce you to […]
China Steel Production Hits Record Output: Minimum GDP Growth In Last 26 Years Is 6.7%
If you believe in economic data from China (no knowledgeable person does) then you will likely accept as fact this Reuters headline: China first-quarter GDP grows faster than expected 6.9 percent. China’s economy grew 6.9 percent in the first quarter from a year earlier, slightly faster than expected, supported by a government infrastructure spending spree and a frenzied housing […]
EC Angst In America, Part 4: Disappearing Pensions
“Companies are doing everything they can to get rid of pension plans, and they will succeed.” – Ben Stein “Lady Madonna, children at your feet Wonder how you manage to make ends meet Who finds the money when you pay the rent? Did you think that money was heaven sent?” – “Lady Madonna,” The Beatles […]
Sensex Begins Week On A Flat Note; Indiabulls Real Estate Soars 40%
Indian share markets began the trading week marginally lower dragged by metal stocks, power stocks and PSU stocks. The sentiments also remained frail on account of weak Asian markets. At the closing bell, the BSE Sensex stood lower by 48 points, while the NSE Nifty finished down 12 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 0.2% and 0.5% respectively. […]
A Short History Of The Post-WWII Oil Price, From A Technical Perspective
This is part I of a 3-part series introducing Plunger’s “Trade of the Year”. This section gives a review of the oil price from 1946 to present explaining the essential forces which powered its price through various bull and bear markets. It explains how we ended up where we are today in the oil market. […]
The S&P 500 In Week 3 Of April 2017
The third week of April 2017 had bigger negatives than positives for the U.S. economy and markets, with stock prices behaving accordingly during the week. In this case, we think that those negatives led investors to bet that the Fed would delay the timing of its next expected rate hikes into the third quarter of […]
Easter Monday Blues For The US Dollar
Trading remains thin on Easter Monday. While more markets are open in comparison to Good Friday, volume remains low. This does not prevent the markets from moving, and it is against the US dollar, which was previously hit by Trump. There are several geopolitical tensions that can explain the rise of the safe-haven Japanese yen, but why are […]
