E Is The Medical Technology Market Due A Leg Up?
Nov 08, 2017Jeremy Parkinson0
The biotech industry is still one of the most progressive areas to invest in for those looking for opportunities in the healthcare sector. Companies continue to rival each other in coming up with the best treatments and vaccines. Research in the pharmaceuticals market will continue for eons because, after every question that is answered in […]
Everything Now On Slack
Nov 08, 2017Jeremy Parkinson0
The whole thing really does unravel at the unemployment rate. If it indicates the correct view of the economy, even close to “full employment”, then what follows is fairly typical and orthodox stuff. In the context of what the Fed is doing, short-term rate hikes are leading the longer end of the yield curve toward […]
Dividends By The Numbers In October 2017
Nov 08, 2017Jeremy Parkinson0
October 2017 was a good month for dividend-paying stocks in the U.S. stock market, although still with some cause for concern. The following chart shows the number of U.S. firms that have taken action to either increase or decrease their dividends in each month from January 2004 through October 2017. Let’s run through the numbers for October […]
USD Under Some Pressure Amid Tax Delay Talk
Nov 08, 2017Jeremy Parkinson0
The US dollar enjoyed signs of progress on enacting a massive tax reform. The suggested changes include changes to income taxes, estate taxes, and corporate taxes. The massive reforms could boost the US economy, at least in the short run. But now, there are reports about a delay in the corporate tax cut. The Washington […]
Alphabet Inc, Jacobs Engineering Group Inc, Wells Fargo & Co: Insights From Sequoia Fund’s Q3 Letter
Nov 08, 2017Jeremy Parkinson0
Sequoia Fund just released its Q3 letter, and the fund returned 3.71% net of fees for the three months, slightly trailing the S&P 500’s 4.48% return. For the entire year, Sequoia Fund generated a return of 13.73%, barely lagging the 14.24% return for the broader market. In terms of its comments, the fund talked about its Alphabet Inc (Nasdaq: GOOG) position […]
The Balance Of Payments In The USA
Nov 08, 2017Jeremy Parkinson0
Here’s a great new piece of research from the NY State Comptroller discussing the USA’s balance of payments. A lot of people don’t know it, but the USA is like 50 little countries all using the same currency. So we have trade imbalances that occur between the states. Those trade imbalances can’t be resolved by foreign exchange […]
GBP/USD Daily Analysis – Wednesdsay, November 8
Nov 08, 2017Jeremy Parkinson0
GBP/USD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. As long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3657, and further decline towards 1.2774 is possible after the consolidation. Support is […]
Sensex Trades Flat; Metal Sector Witnesses Selling
Nov 08, 2017Jeremy Parkinson0
After opening the day in green, share markets in India witnessed choppy trades and are currently trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and stocks in the IT sector leading the gains. Stocks in the metals sector are trading in red. The BSE Sensex is trading down by 15 points (down 0.1%), […]
WTI/RBOB Drop After Surprise Gasoline Build
Nov 08, 2017Jeremy Parkinson0
WTI held above $57 heading into the API print on the heels of Saudi chaos but both WTI/RBOB knee-jerked lower after API reported a lower than expected crude draw and a surprise gasoline build. API Crude -1.562mm (-2.45mm exp) Cushing +812k Gasoline +520k (-1.85mm exp) Distilates-3.133mm Following the previous week’s big gasoline draw and notable crude […]
Russell 2000 Doesn’t Take The Bait
Nov 08, 2017Jeremy Parkinson0
Some light selling across Large Caps and Tech indices meant there was little of interest for today’s action. The only action of note came in the Russell 2000. After inching towards ‘bull flag’ resistance the Russell 2000 took a leaf out of the sellers book and reversed back towards ‘bull flag’ support. It’s looking vulnerable […]