Author Archive: Jeremy Parkinson
Crude Rally About To Sputter?
There is a distinct possibility that the recent oil rally is about to run out of steam. We have two potential issues on the horizon for crude markets: 1. The physical oil market seems to be facing challenges resulting in a disconnect from the futures market. We’ve seen this movie before, and it doesn’t end […]
Peter Schiff’s Encounter With Ben Bernanke
On his Friday podcast, Peter Schiff told the story of his encounter with Ben Bernanke at the SALT Conference last week. He managed to snap a photo with the former Federal Reserve Chairman, which you can see here. Peter first discusses the latest economic data, then starts talking about. Bernanke:00:13:00 Audio Length: 00:30:04 Follow along […]
ETSY Crashes Over 40% From IPO Highs In 3 Weeks
From a high of $35.74, ETSY – the company that sells arts and crafts online – has collapsed almost 44% in the 3 weeks since its much-heralded IPO. Down another 9.5% today, and closing in on its IPO price of $16, it appears the ‘public’ stock markets are exposing the ‘private’ stock bubble a little too clearly […]
Looking Ahead Of Wall Street: Cisco Systems, Shake Shack, King Digital Entertainment
Earnings season is continuing to roll on as three big companies are reporting this week. What should investors be looking for? Cisco Systems (NASDAQ: CSCO): Technology company Cisco Systems will announce it’s third quarter 2015 earnings results on Wednesday, May 13 before the market opens. The company is expected to post earnings of $0.53 a share […]
EC Emerging Market Preview: Week Ahead
Guest post from my colleague Dr. Win Thin EM assets are again being pulled in two directions. EM equities are getting a boost from the PBOC rate cut over the weekend, while EM currencies are starting off soft this week as the strong US jobs report puts Fed lift-off back on the radar screen. US retail […]
This Will Not End Well
Last week we looked at the major role buybacks have played in the US stock rally. This week we have proof of the lack of underlying growth in the form of sales and earnings. One could only be delusional if you think that fundamentals can catch up to prices as illustrated in the following charts. […]
Amazing Bond Picture
A geek looks upon the chart below in amazement as the daily patterns in 3 different items combine to send a message. Now, what is that message? Inflation expectations are on a bounce? Yes, we have fully anticipated that. The rise in 30 year yields is due to an inflationary expectation? Yes. Risk is still […]
The Economist Playing Fast And Loose With Data
The Economist generally does a good job analyzing economic and financial data and synthesizing/discussing the results. But once in a while the authors try to pull a fast one on the readers. Here is an example. In the chart below the author argues that the current US unemployment rate is abnormally low. Given how weak […]
Germany Gives Greece Grexit Referendum Greenlight
Headline risk surrounding Greece will likely weigh heavily on investors’ minds throughout the week as Syriza faces one of its biggest tests yet when a €750 million payment to the IMF comes due on Tuesday. Despite rampant skepticism and a warning from Germany’s Schaeuble that countries can “accidentally” become insolvent, FinMin Varoufakis claims Greece will […]
US Borrows Short-Term Funds For Free
US government debt managers may be envious of many European countries that are able to sell debt with a negative yield. The Federal Reserve has made it clear that it intends to begin normalizing interest rates when it becomes more confident that its mandates will be achieved. Fed officials think such an opportunity will present itself […]
