PCE Price Index: August Headline & Core – Friday, Sept. 28
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
The BEA’s Personal Income and Outlays report for August was published this morning by the Bureau of Economic Analysis. The latest Headline PCE price index was up 0.11% month-over-month (MoM) and is up 2.22% year-over-year (YoY). The latest Core PCE index (less Food and Energy) came in at 0.04% MoM and 1.96% YoY. Core PCE remains below […]
Japan Focus: Positive Earnings Power
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
Japan is not a value trap. Against a backdrop of very attractive equity valuations—at 13.7x, the TOPIXprice-to-earnings (P/E) multiple has dropped back to the lowest 5% level reported over the past decade —the trigger for upside performance must come from positive earnings surprises. Our analysis suggests the probability of a sharp positive inflection in earnings visibility is about […]
Market Outlook Sees Treasury Yields Continuing To Trend Higher
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
The prospect of more interest-rate increases in the absence of rising inflation, based on the Federal Reserve’s latest forecast, strikes some as unnecessarily risky for the economy. But for good or ill, the central bank remains on track to lift rates further and the Treasury market (still) expects no less after the 25-basis-point increase from […]
JPMorgan Sees ‘Number Of Negative Implications’ For Tesla Shares From SEC Suit
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
JPMorgan analyst Ryan Brinkman reiterates an Underweight rating on Tesla with a $195 price target after the Securities and Exchange Commission filed a complaint Thursday alleging that its CEO Elon Musk violated federal securities law by making a series of false and misleading statements. The stock in premarket trading is down 12%, or $37.82, to […]
Morning Call For Friday, Sept. 28
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.25%) this morning are down -0.22% and European stocks are down -1.19% at a 1-week low as a sell-off in Italian bank stocks leads the overall market lower. Political risks in Italy are undercutting stocks after the Italian government agreed to set next year’s budget deficit target at […]
Sensex Ends Lower; Infibeam Crashes 70%
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
Indian share markets ended marginally lower on Friday, weighed down by automobile and information technology (IT) stocks. At the closing bell, BSE Sensex ended down by 97 points, while, NSE Nifty ended down by 47 points. Except energy stocks and bank stocks, all sectoral indices ended the day in red with metal stocks and realty stocks falling over 5%. Globally, Asian stock markets finished broadly higher today with shares […]
Fed Tightening Cycles: Broader View And Implications For Gold
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
It should be clear that the Fed’s tightening is bearish for gold, shouldn’t it? Our today’s about the history of the Fed’s tightening and its impact on the macroeconomic variables and the gold prices undermines that popular belief. We invite you to read it and draw precious metals investment conclusions from it. We often repeat that […]
The Fed, The Yield Curve And The Outlook For Emerging Markets
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
(Video length 00:23:11) Markets & Money Advisory’s founder and CEO Lars Christensen comments on the Fed rate decision, the risk of a yield curve inversion and the implications for global Emerging Markets.
Oil Mania Redux
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
By now, late September of 2018, it has become increasingly evident that something big is about to happen. What exactly that may be is anyone’s guess. But, whatever it is, we suggest you prepare for it now…before it’s too late. Several weeks ago, if you hadn’t heard, an undisclosed rich guy enthusiastically bid up and […]
Smucker: Will Next Year Recover 2018’s Market Loss?
Sep 28, 2018
Jeremy Parkinson
Finance, No picture
This week I’m seeking a prestigious and long-term dividend paying stock from the consumer defensive sector. That defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & […]