Author Archive: Jeremy Parkinson
Dollar Continues Strong, Awaits Fed Comments
The dollar edged up against the euro and yen on Monday continuing its rebound last week following hints from U.S. Federal Reserve officials that an interest rate hike could be introduced sooner than anticipated. The coming week should provide investors with a series of indicators that will help gauge whether the U.S. economy is robust […]
Weekly Market Outlook – At A Crucial Juncture
Weekly Market Outlook – March 28, 2016 After five straight weeks of gains, the market finally buckled. It wasn’t a big pullback last week – only 0.6% – but all big trends start out with that first small step. We at least have to acknowledge the possibility that last week’s weakness may be the beginning […]
Wilshire 5000 Attempting To Accomplish Something Rare
This picture caught my eye, as some think certain things are hard to accomplish, due to age. Speaking of “age and accomplishments,” the chart below of the Wilshire 5000 came to my mind. CLICK ON CHART TO ENLARGE As mentioned above, this very broad index remains inside of 5-year rising channel (A), as the 5-year trend […]
China Beige Book Reveals Employment Plunges To 4-Year Low, Capex Worst In History
Back in December, New York-based China Beige Book International released what they called a “disturbing” set of data that pointed to pronounced weakness in the Chinese economy. “National sales revenue, volumes, output, prices, profits, hiring, borrowing, and capital expenditure were all weaker than the prior three months,” the firm – whose CBB is modeled on the Fed’s […]
Market Cap To GDP: An Increase In The Buffett Valuation Indicator
Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that “it is probably the best single measure of where valuations stand at any given moment.” The four valuation indicators we track in our monthly valuation overview offer a […]
Morning Call For March 28, 2016
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.23%) are up +0.28% after last Friday’s data showed the U.S. economy expanded more than expected in Q1. European markets are closed for Easter Monday. Also, May crude is up +0.51%, which is giving a boost to energy producing stocks. San Francisco Fed President Williams said that global […]
Economy Healthier Than Expected
There are a number of economic reports due out this week that should point to the health of the U.S. economy. U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with the gross domestic product showing an increase of 1.4% annual rate instead of the previously reported 1% pace, […]
E The Daily Shot And Data – March 28, 2016
We begin with a few updates on the energy markers. 1. US miles driven reaches another record as Americans hit the road. This has resulted in elevated gasoline demand which remains firmly above the 5-year range. Source: Credit Suisse Gasoline expenses are quite low as a share of disposable income and should continue to add to […]
E Stocks To Buy Pre-Brexit
*Tomorrow’s Barron’s suggests buying not one but two of our existing holdings, both of which I have already partly exited, with profits on one and a loss on the other. The profits were on Marine Harvest Group (MHG), the Norwegian supplier of cheap protein from salmon fish-farms to the world. It is gaining from an algae outbreak in Chilean […]
Futures Rise In Thin Trading On Back Of Yen Weakness; Europe Closed
With European markets closed across the continent on Monday as the Easter holiday continues, overnight Asia was busy with the Shanghai Composite letting off some steam, and closing down 0.7% at session lows on concerns the Shanghai and Shenzhen home bubble have been popped prematurely by the politburo. Japan was a different story with the Yen […]
