Author Archive: Jeremy Parkinson
Lines In The Sand
Here we go again – Fed Day, March 2017. While this is but the first of several central bank meetings this week – the Bank of Japan, the Bank of England, and the Swiss National Bank are also slated to meet – the gathering of Janet Yellen’s bunch is likely the most important. The futures […]
Inflation Monitor – March 2017
We have had a crazy winter here in the northeast. Some days it’s hot some days it is bitter cold. I cannot remember a February where we had more than 10 days of 65-degree weather. It was nice while it lasted. Now we are back to a more normal 19-degree temperature. I guess it is […]
EC General Mills: A Safe Dividend Stock Down 15% Since July
General Mills (GIS) is a blue chip stock that has paid uninterrupted dividends for 117 years. The company’s dividend has increased each year since 2004 and boasts a 10.4% annual growth rate over the last decade. Despite General Mills’ impressive history, the company’s stock price is down more than 15% since early July 2016 while the S&P […]
Fed Watching Can Be A Costly Distraction
Another hike in the federal funds rate on Wednesday appears all-but-certain. Experts, prediction markets, and Fed officials themselves all indicate that the central bank is ready to raise target rates 25 basis points to a range of 0.75%-1.00%. Amidst all the clamor of another rate hike, the stock market is responding, yet again, with a […]
Real Estate At Financial Crisis Lows, Opportunities?
Below is a performance comparison between the S&P 500 and Real Estate ETF (IYR) over the past 10-years. Since the highs in 2007, IYR has little to brag about as it’s net asset value has declined 10%. The S&P during this same time frame is up 66%. CLICK ON CHART TO ENLARGE Below compares the relative performance of Real […]
E American Labor Share Continues To Decline
The February jobs report gives us another snapshot of how the income for American worker is undergoing change. Continuing a recent trend, average hourly earnings rose a modest 0.2 per cent and weekly hours worked remained unchanged for last month.The modest increase in wage income, at a time when the country is very close to […]
Fed Preview: 3 Scenarios For The Dots That Move The Dollar
Expectations for the March meeting went from a non-event to certain hike. But is the Fed just “sneaking in” a move now and will take a break? Or are they about to hit the accelerator pedal? We discuss the considerations facing the FOMC and the scenarios. The dot-plot regarding rates matters most, but also note […]
2017 IPO Prospects: WeWork Diversifies To Drive Revenue
Analysts estimate that the global coworking market now has more than 7,000 vendors. Coworking operators help make it easier for companies to have a physical office location by enabling sharing of workspace. One such vendor, now looking to go public, is New York-based WeWork. Photo credit: Jambounce Music/Flickr.com. WeWork’s Offerings WeWork was founded in 2010 by husband-wife […]
China’s NPC Ends With New Initiatives
The market’s immediate focus is on today’s FOMC meeting and Dutch elections. However, China’s annual legislative session (National People’s Congress) ended earlier today, and Premier Li unveiled a new initiative. Late this year, China will allow overseas funds to buy onshore bonds in Hong Kong. Details on the mechanics, including implementation timeframe, were not immediately available, but […]
Inflation
Inflation is finally gaining a little traction as recent reports begin to hint at increases. From a wholesale level it is up 2.2% in the last 12 months. Wholesalers are not always able to pass along the increases to retailers and thus to the consumer, but they make every effort to do so. In February […]
