Author Archive: Jeremy Parkinson
Gold Prices May Edge Up On Soft US Inflation Data
Talking Points: Commodities digest as Good Friday holiday drains liquidity Gold prices may edge higher if US CPI falls short of forecasts Crude oil prices stuck as futures markets shutter for the week Commodities marked time as trading activity fizzled ahead of closures for the Good Friday holiday across most major financial markets. Crude oil prices will see their next […]
Chart Of The Day – Traders Are Too Bearish
Traders are too bearish. Stocks are going to bottom early next week and the frantic put buying seen in this chart will likely prove futile.
Gold Shines Amid Geopolitical Concerns
The price of gold entered 2017’s Easter long weekend on a five-month high in response to a cascade of geopolitical events and mid-week comments by United States President Donald J. Trump. With the precious metal inching toward the psychological barrier of $1,300 per ounce, some are recalling the dark days following 9/11 when it broke through $1,900, […]
5 Dividend Growers At “Free Lunch” Prices Today
Written by Brett Owens (ContrarianOutlook.com) Most dividend stock prices are on the high side, but, believe it or not, there are a few quality dividend growers that are still pretty cheap…There aren’t many firms growing their payout meaningfully every year and selling below book today… [but here are] 5 dividend growers at “free lunch” prices […]
Goldman: Forget Trump Rally, Now Look At Fundamentals
As a market built on Trump rally optimism meets a legislative reality that might not be able to get much done, including any meaningful tax reform, where does one invest in a market environment which Goldman Sachs now categorizes as “Gridlock” in the subtitle of a “Where to Invest Now” report? With median stock prices trading […]
Atlanta Fed Slashes Q1 GDP Forecast To Just 0.5%, Lowest In Three Years
Just over two months ago, the Atlanta Fed “calculated” that Q1 GDP was going to be a pleasant 3.4%, confirming that the Fed had made the correct decision by hiking not only in December, but also last month. Since then, the Fed’s own GDP estimate has crashed in almost linear fashion, and as of this […]
Retail Sales Unexpectedly Decline, Revisions Even Worse
There are several economic reports out today, none of them any good, especially retail sales, the most important of the reports. Weakness was expected in this corner but not by those who still insist the economy is strengthening. Retail sales declined 0.2% in March vs an Econoday consensus reading of 0.0%. Moreover, the Census Bureau […]
Oil Closes Higher On International Energy Report
On Thursday, oil prices closed slightly higher after a very bullish international energy report. Optimism that an On Thursday, oil prices closed slightly higher after a very bullish international energy report. Optimism that an extension to the output cut deal will be put in place also helped keep oil prices higher.output cut deal will be […]
EUR/USD Forecast Apr. 17 – 21
EUR/USD managed to rebound from the lows ahead of Easter, getting back to the range. Will it stay there? Inflation figures and PMIs stand out ahead of the French elections. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. Tension is rising towards the French elections, with the emergence […]
It’s Time For A “Tactical Rally” In Bond Markets: Deutsche Bank
If last week marked the “throwing in the towel” moment for Deutsche Bank’s Dominic Konstam with regard to the prospect of higher long-end rates, this week looks to mark a complete rethink of his team’s thesis (at least in the near-term). Yes, Konstam’s latest note (out a day early this week to account for the holiday) still […]
