Oct 19, 2017
Jeremy Parkinson
Finance
So much for the hurricane distortions of the US labor market… Just a few short weeks after initial unemployment claims jumped in the aftermath of Hurricanes Harvey and Irma, in the latest week the DOL reported that filings for unemployment benefits tumbled to the lowest level in 45 years, or since 1973, as all those workers […]
Oct 19, 2017
Jeremy Parkinson
Finance
The Bank of New York Mellon Corporation’s (BK – Free Report) third-quarter 2017 earnings per share of 94 cents surpassed the Zacks Consensus Estimate of 93 cents. The figure also came in 4.4% higher than the prior-year quarter tally. Results benefited from an improvement in both net interest revenues and fee revenues. Also, assets under management (AUM) […]
Oct 19, 2017
Jeremy Parkinson
Finance
It’s not often that you read a book by mistake. While browsing the Kindle store, I thought I’d stumbled upon a new book by Peter L. Bernstein. Some time ago, I had really enjoyed his book, Against The Gods; the remarkable story of risk. I was initially confused and then realized I was instead looking […]
Oct 19, 2017
Jeremy Parkinson
Finance
It’s been a very volatile ride for holders of Bitcoin recently. Bitcoin’s value right now is about four and half times as much as an ounce of gold. Back in 2013 enthusiasts were lucky to see bitcoin top $100. By the end of that year it was over $1000. In the beginning of this year, […]
Oct 19, 2017
Jeremy Parkinson
Finance
In a testament to the fact that, contrary to what Mario Draghi said in Washington last weekend, investors do not in fact believe that stocks can go down as well as up, there’s a mad scramble on Thursday morning to explain what, generally speaking, is a pretty mild decline in global risk assets. U.S. investors woke up to a […]
Oct 19, 2017
Jeremy Parkinson
Finance
With the EURUSD pair seen following through on the back of its Wednesday gains on Thursday, more strength is expected in the days ahead. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level. Further up, resistance lies at the 1.1950 level where a break […]
Oct 19, 2017
Jeremy Parkinson
Finance
The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index. The latest Manufacturing Index […]
Oct 19, 2017
Jeremy Parkinson
Finance
<< Read More: Are These The 6 Best Stocks In The Dow Jones Industrial Average? – Part 3 << Read More: The 6 Most Expensive Stocks In The Dow Jones Industrial Average – Part 2 << Read More: The 6 Most Expensive Stocks in the Dow Jones Industrial Average – Part 1 Introduction Thus far, with the first […]
Oct 19, 2017
Jeremy Parkinson
Finance
Next week brings a pivotal ECB rate decision on Thursday. This is the last rate decision before the bank’s December meeting in which the current stimulus program is set to expire, and the large expectation for next Thursday is that we’ll see the European Central Bank ‘recalibrate’ their stimulus program. In latter September, the ECB’s Chief […]
Oct 19, 2017
Jeremy Parkinson
Finance
Steve Sosnick, Chief Options Strategist at Interactive Brokers, breaks down some similarities between the 1987 market and the current market. Video Length: 00:04:25