Author Archive: Jeremy Parkinson
Despite A Short-Term Dip, Prospects For The KOSPI Remain Strong
On April 27, I had argued on an article written for Seeking Alpha that the KOSPI stock market index had significant room left to run based on general stock undervaluation, coupled with prospects of lower interest rates and rising exports. The KOSPI had been trading at a level of 2150 on April 27 but has since lowered to under 2100 before […]
Yields & USD
The 10 vs. 2 year yield spread is up slightly and the 30 vs. 2 is up significantly. This continues a trend of late that brings the yield curve further into the discussion as it has for weeks now refused to go back down (this time). Here is the live 30 vs. 5 showing a […]
LA To Gradually Hike Minimum Wage To $15 By 2020; Already Weak Growth Prospects Just Got Worse
In yet another triumph of stupidity over common sense, a triumph that is sure to cost jobs, slow growth, and encourage more robotic replacement of workers, Los Angeles’ Minimum Wage on Track to go up to $15 by 2020 The Los Angeles City Council on Tuesday backed a plan to raise the city’s minimum wage to […]
“One Of These Things Is Not Like The Other”
It is very rare to see Dow Industrials hitting new highs as Dow Transports prints new range lows… one of them is wrong here… Click on picture to enlarge h/t Brad Wishak As Dana Lyons recently noted, …while not all divergences mark tops, many tops are marked by divergences. So it has been the case with […]
Secular Trends In New Residential Building Permits And Housing Starts
Yesterday we reported separately on the latest residential building permits and housing starts in the government’s report for April data, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is foolish […]
Housing Recovery – Real Or Memorex
There are probably quite a few of you reading this article who do not remember the old“Memorex” commercials when “cassette tapes” were THE recording technology of the day. Video Length: 00:00:34 It was yesterday’s release of the housing starts data that reminded me of that slogan –“Is it live, or is it Memorex?” In July of 2013, I asked the question of […]
American Eagle Outfitters Soars On Strong Earnings
The shares of American Eagle Outfitters are trading higher after the company reported stronger than expected earnings for the first quarter. The stock price of the company was $16.59 per share, up more than 5% around 12:29 in the afternoon in New York. American Eagle Outfitters financial results American Eagle Outfitters reported earnings of $0.15 per […]
Analysts Positive On Yahoo! Inc. Despite Alibaba Spin Off IRS Tax Rumors
Yahoo! (NASDAQ: YHOO) shares plummeted 8% during trading on the afternoon of Tuesday, May 19 and rebounded up 2 % in pre-market trading the following morning after the company affirmed plans to spin off e-commerce giant Alibaba (NYSE: BABA) despite rumors that the IRS will tax the move. The stock drop was due to investors overreacting […]
Frackers Predicted To Fall Like Lehman Bros.
In November 2007, the relatively unknown hedge fund manager David Einhorn raised major concerns about the accounting at Lehman Brothers. It led him to bet against the company, and short the stock. No one paid much attention… until Lehman Brothers collapsed. Einhorn’s reputation was made, and his firm, Greenlight Capital, became one of the hedge funds to […]
