Chart Of The Day: Record Stock Buybacks Hit Escape Velocity
May 10, 2015
Jeremy Parkinson
Finance
As regular readers are no doubt aware, the persistent bid under the US equity market during Q1 came courtesy of price insensitive corporate managment teams who, in a rush to take advantage of rock-bottom borrowing costs just in case the Fed decides to go crazy and actually raise rates later this year, have issued a record amount of […]
Buy The Dip! 5 REITs On Sale Right Now
May 10, 2015
Jeremy Parkinson
Finance
Ever since the January high, REITs have been slowly shedding value, and some great bargains have appeared as of late. Take advantage, as now is the best time to buy shares in these five high-quality REITs that are still boosting their dividends every year. Equity (those that own real property) REITs were one of the […]
The Average Age Of A Minimum Wage Worker In America Is 36
May 10, 2015
Jeremy Parkinson
Finance
Did you know that 89 percent of all minimum wage workers in the United States are not teens? At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women. Millions upon millions of Americans are working as hard as they can (often that […]
2 Safe Blue Chip Growth Stocks For Every Portfolio
May 10, 2015
Jeremy Parkinson
Finance
Uncertainty in the markets is the common denominator so far in 2015. Uncertainty about oil, uncertainty about interest rates, and uncertainty about growth all contribute to the extreme volatility the market is experiencing. But, there is one certainty. Investing in these two undervalued blue chip stocks that are free cash flow machines is a must for every […]
Currency War Collateral Damage: China Stops Growing, Starts Easing
May 10, 2015
Jeremy Parkinson
Finance
When a country pegs its currency to a bigger one like the US dollar, it in effect outsources its monetary policy to the operator of that other currency. This confers several benefits, including the enforced discipline of the other, presumably more rigorous monetary regime and the simplicity of letting someone else stress over controversial policies […]
Dow Base Breakout
May 10, 2015
Jeremy Parkinson
Finance
Star of Friday was the Dow Jones Industrial Average as it cleared congestion dating back to March, although there is still the ‘bull trap’ from February to clear. Volume climbed to register as accumulation, and it came with a MACD trigger ‘buy’ and On-Balance-Volume ‘buy’ trigger. The S&P came close to an all-time breakout, but […]
Markets In-Review – Markets Rebound As Macro Concerns Dissolve
May 10, 2015
Jeremy Parkinson
Finance
Conservatives securing a surprising majority in the U.K. parliament helped push markets higher, towards the end of last week’s session. Unsurprisingly, signs of relief were mostly evident in the U.K. – yields in the U.K. lost about 8bp, as they hovered around 1.85% at the start of Friday’s session, while the German 10 year bund […]
China Cuts Rates (Again) In Desperate Bid To Buy Stocks, Rescue Economy
May 10, 2015
Jeremy Parkinson
Finance
For the third time since November, China has cut its benchmark lending rate. Hours ago, the PBoC slashed the 1-year lending rate by 25bps to 5.1% and the 1-year deposit rate to 2.25%. The move comes just three weeks after Beijing cut the reserve requirement ratio for the second time this year and marks a […]
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Is Amazon The Canary In The Market’s Coal Mine?
May 10, 2015
Jeremy Parkinson
Finance
Here we go again? In November 1999, I titled our newsletter “The Amazon Flows Between a Rock and a Hard Spot.” Amazon (NASDAQ:AMZN) had just hit a high of $96.88 (split-adjusted.) Wall Street analysts all raced to the same side of the lifeboat fawning over the brilliance of Jeff Bezos and the unstoppable AMZN, which […]
S&P 500: A Pause That Refreshes, Or Is The Top In?
May 10, 2015
Jeremy Parkinson
Finance
The current rally has reached extremes: more than three years above the neutral line of MACD and almost 500 points above the 200-week moving average. U.S stocks have been treading water for a while, and this raises a question: is this just another pause that refreshes a market on its way to new highs, or […]