S&P 500 And Nasdaq 100 Forecast – Tuesday, July 25
Jul 25, 2017
Jeremy Parkinson
Finance
S&P 500 The S&P 500 initially fell during the session on Monday, but turned around to form a bullish candle. By forming a hammer, it suggests that we are going to continue to see bullish momentum in this market, and as we are in the middle of the largest week of earnings season, it’s likely […]
Will The Euro Continue To Ignore Soft Data? German IFO On Tap
Jul 25, 2017
Jeremy Parkinson
Finance
Germany’s IFO business confidence survey headlines the economic calendar in European trading hours. Sentiment is expected to have soured in July after the headline Business Climate index climbed to the highest level in nearly three decades in the prior month. An outcome echoing recently disappointing regional news-flow might have weighed on the Euro, but it has proven resilient […]
Big Miss For Philadelphia’s Beverage Tax
Jul 25, 2017
Jeremy Parkinson
Finance
In June 2017, sales of naturally and artificially-sweetened beverages in Philadelphia subject to the city’s plummeted to be more than 40% below their estimated pre-tax quantities. That wasn’t what Philadelphia’s political leaders were expecting to happen, where the following chart shows how many millions of ounces of sweetened beverages were estimated to have been sold in Philadelphia […]
Facts About Carbon Emissions From Oil, Natural Gas, And Coal
Jul 25, 2017
Jeremy Parkinson
Finance
The BP Statistical Review of World Energy is a useful annual volume that compiles tables and charts about about energy production and consumption. The latest version, released June 2017, includes a table at the end on recent and current carbon emissions from oil, natural gas, and coal. As a footnote under the table emphasizes, this does not […]
Six Investing Faults That The Uber-Wealthy Avoid
Jul 25, 2017
Jeremy Parkinson
Finance
This may be surprising, but not everyone who is rich is famous and not everyone who is famous is rich. In fact, the vast majority of individuals who are classified as “ultra high-net-worth”(UHNW), or those with a net worth of at least $30 million, are people that you may have never heard of, and there’s […]
Amazon — The Many Thematic Tailwinds Pushing It For Forward
Jul 25, 2017
Jeremy Parkinson
Finance
Amazon.com Inc plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over Whole Foods Market Inc, according to the meeting’s organizer.Analysts and investors have speculated that Amazon is aiming to combine its expertise in order fulfillment with the grocer’s facilities to build […]
Nifty Hits Record High; 15 Points Shy Of 10,000
Jul 25, 2017
Jeremy Parkinson
Finance
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.13%, while the Hang Seng is down 0.06%. The Shanghai Composite is trading down by 0.17%. US equities finished mostly lower as Wall Street geared up for a major week of earnings and US Federal Reserve meeting. Meanwhile, Indian […]
The Fed Versus The Market
Jul 25, 2017
Jeremy Parkinson
Finance
The following monthly chart shows that the year-over-year (YOY) growth rate of US True Money Supply (TMS) made a multi-year peak in late-2016 and has since fallen sharply to an 8-year low. The downward trend in US monetary inflation since late last year has been driven by the commercial banks, meaning that the pace of […]
Technically Speaking: I Bought It For The Dividend
Jul 25, 2017
Jeremy Parkinson
Finance
Okay, I have to discuss something this week that has been bugging me. I have had several emails as of late suggesting one of the biggest investing fallacies stated during late stage bull market advances. “I don’t care about the price, I bought it for the yield.” First of all, let’s clear up something. Company […]
FOMC July 2017 Meeting Preview: Inflation Expectations And Balance Sheet Reduction
Jul 25, 2017
Jeremy Parkinson
Finance
The Federal Reserve Bank will be holding its monetary policy meeting today. The central bank meeting is expected to see the fed funds rate remain unchanged at 1% – 1.25%. The probability of a rate hike is also extremely low, according to the CME Group’s rate hike probability tool. Today’s FOMC meeting will not be […]