Author Archive: Jeremy Parkinson
Rate Hike Wednesday – How Will The Markets React?
There is a 100% chance the Fed will raise rates today. That’s the consensus and I, of course, agree as I’ve been saying they HAVE to hike since the last meeting. Now that everyone agrees with me, let’s move on to contemplating the result of the Fed hiking and what it means for the year […]
Are The New Impact ETFs Pro-Discrimination?
Socially responsible investing has been around for decades. While the results of social investing products has been somewhat mixed, there’s little question that these products fill a niche for certain belief-based investors. There’s definitely a group that wishes to avoid “sin stocks” that deal with gambling, alcohol, weapons, etc. and these products provide these folks […]
European Ardagh Group Set For A Strong IPO This Wednesday
Ardagh Group (Pending:ARD) expects to raise $300 million in its upcoming IPO ($345 million if the underwriters exercise their option to purchase additional shares). Based in Luxembourg, Ardagh Group is a supplier of rigid packaging solutions, including metal and glass containers for the food and beverage markets. Ardagh Group will offer 16.2 million shares at […]
Quick Guide To T. Rowe Price GNMA Fund (PRGMX)
T. Rowe Price GNMA (PRGMX – Free Report) a Zacks Rank #2 (Buy) invests exclusively in securities that are backed by the full faith and credit of the U.S. government, primarily GNMA mortgage-backed securities, and investments linked to these securities. The T. Rowe Price GNMA fund, managed by T. Rowe Price, carries an expense ratio of 0.59%. Moreover, […]
Stagflation Strikes As US Consumer Prices Surge At Fastest Pace In 5 Years
After the hotter-than-expected PPI print, Consumer Prices confirmed that inflation is running hot with the fastest rise since Feb 2012. Notably core CPI (at 2.2%) has been above The Fed’s mandated 2% ‘price stability’ level for 15 months in a row. Of course, one of the big drivers of this price surge is in shelter and […]
Most Overvalued Stock Market On Record — Worse Than 1929?
The US stock market today has never been more dangerous and overvalued, according to respected Wall Street market analyst John Hussman. Indeed, Hussman goes as far as to say that “this is the most dangerous and overvalued stock market on record — worse than 2007, worse than 2000, even worse than 1929” as reported by Marketwatch. For some […]
The Corporate Bond Market: The Start Of The Matter
Of all virtues to which we must ultimately aspire, forgiveness demands the most of our souls. In our naivety, we may fancy ourselves man or woman enough to absolve those who have wronged us. But far too often, we find our pool of grace has run dry. So deeply burdened are we by our emotions that grace to us […]
US Inflation And Retail Sales Mostly In Line With Expectations – USD Ticks Up
Inflation and retail sales data for February leave the stage open for the Fed. Most data comes out as expected: core CPI is 2.2% y/y as predicted. Retail sales are up 0.1%, core sales are up 0.2% and the retail control group is up 0.1% a small miss. There are upwards revisions to retail sales numbers. […]
E The Trillion Dollar Coin
“Change is good, but dollars are better.” -Unknown Recently I penned an article highlighting the country’s fiscal condition. This year’s Ides of March (15th) acquires special significance with the expiration of the Obama-Boehner debt ceiling deal, the Fed meeting, and an election in the Netherlands. Unless there’s an increase in the debt ceiling, the Treasury will be […]
Supply Slide Drive
Crude oil is back on a supply side drive after the American Petroleum Institute (API) reports an oil supply drop, perhaps signaling that last week’s massive crude oil supply increase was a fluke! This comes after mixed data from OPEC surrounding Saudi Arabian production numbers where the Saudis reported a production increase, perhaps to send […]
