Author Archive: Jeremy Parkinson
Market Commentary: Higher Open Bouncing Up From Yesterday’s Poor Performance
Written by Gary Gary is off , and the market open comes from our syndication partner Investing.com. U.S. stocks inched up at the open on Tuesday as a pair of big M&A deals boosted market optimism a day after the S&P 500’s worst performance in a month. The Dow Jones industrial average (DJI) rose 24.71 points, or […]
VIX (Fear Index) – Lowest Yearly Average Since 2006
CLICK ON CHART TO ENLARGE When it comes to investors fearing the stock market, this year won’t set any records for “excess fear.” The above table highlights annual averages for the VIX (Fear Index) over the past 24 years. The VIX index has hovered (on average) at low levels this year, the lowest average since […]
The Q Ratio And Market Valuation: Monthly Update
Note from dshort: Here is my monthly update with extrapolated data since the most recent Fed Z.1 report (through Q2). However, I’ll post a new update on December 11th, an hour or two after the Federal Reserve’s noon release of the Q3 Z.1 release. The Q Ratio is a popular method of estimating the fair value […]
Otsuka Pharmaceutical To Acquire Avanir Pharmaceuticals
TOKYO–(BUSINESS WIRE)–Otsuka Pharmaceutical Co., Ltd. is pleased to announce an agreement with Avanir Pharmaceuticals, Inc.(AVNR) (“Avanir”) in which Otsuka America, Inc., a US subsidiary, acquires Avanir for USD 3.5 billion in an all-cash tender offer. The contract was signed on December 2, Japan time. Avanir Pharmaceuticals Avanir is a biopharmaceutical company specializing in CNS diseases. […]
E Large Cap Best And Worst Report – December 2, 2014
Since 2010, our top scoring weekly has outpaced the SPX by a median 376 bps in the following year. The best performers from our list one year ago are RCL up 74%, FB up 65%, MU up 65%, AAPL up 50%, and HPQ up 45%. The best large cap sector is healthcare The top large […]
E Interview With CEO Of American Sands Energy
The following interview of Mr. William Gibbs was conducted by phone and email on November 28-29. Mr. Gibbs is CEO of American Sands Energy, [AMSE] an unconventional oil producer proposing to extract oil sands in Utah. The company expects to be in production of up to 9,000 barrels of oil per day within 2-3 years. Please give readers […]
The Dollar Comes Back Bid
After yielding ground yesterday, the US dollar comes back bid today. The main driver is the divergence that favors the US. Specifically, yesterday two people we have identified as part of the troika at the Federal Reserve, from where policy signals emanate, played down the disinflationary threat of the fall in oil, saying it would likely […]
Morning Call For December 2, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 +0.23%) this morning are up +0.17% and European stocks are unchanged after falling back from a 2-1/4 month high as China led a rally in emerging markets on speculation a slowdown in growth will prod China into expanding stimulus. The Russian ruble held near a record low against […]
Gold – The Pop
We closed above the 1217 level suggesting we will press a bit higher. We now need a closing above 1220 to signal a rally is possible up to the 1255 to 1275 area. We need a year-end closing above 1310 to shift gold into a neutral position. A number of emails have poured in asking […]
Risk Premia Forecasts | 2 December 2014
The expected risk premium for the Global Market Index (GMI) continued to fall in November. GMI, an unmanaged, market-value weighted mix of the major asset classes, is currently expected to earn an annualized 3.9% over the “risk-free” rate for the long term (for details on the methodology, see summary below). Today’s forecast is slightly below last month’s 4.0% […]
