Author Archive: Jeremy Parkinson
ECB Game Day
The US dollar is enjoying a firmer tone against the major currencies today. It does not appear to be simply position adjustments ahead of the ECB meeting. Consider that Australia reported strong employment data, and after making new highs, reaching almost $0.8000, it has reversed to toy with yesterday’s low. A convincing break of that […]
Here’s The True Definition Of A Recession — It’s Not About GDP
According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business cycles, A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession […]
Offshore Money Is Pouring Into This Country At The Fastest Pace In 5 Years
Over the past week or two, we’ve been trying to drive home what we think is a very simple point: namely that investors seem to be grossly underestimating the risk associated with the following visual… See why that’s disconcerting? But apparently, no one is paying attention, because the KOSPI continues to hit new record highs […]
4 REIT Plays With Beat Potential In Q2 Earnings
Huge profits and earnings surprises can lure you this earnings season. But rather than accumulating stocks later, investing in those that are yet to release their numbers and poised to beat expectations can fetch you more gains. This is because an earnings beat essentially serves as a catalyst and raises investors’ confidence in a stock. […]
Forex Critical: The Australian Dollar – Too Much, Too Fast
Over two weeks ago I officially ended my bearishness on the Australian dollar (FXA). I made that call just in time. Against the weakening U.S. dollar, the Australian dollar has gone nearly parabolic. AUD/USD recently touched the 0.80 level, a new 26-month high. Source: FreeStockCharts.com The Australian dollar has powered higher against almost all major currencies and now […]
Basic Materials And Commodities
Since the Basic Materials sector is breaking out I would like to take an in-depth look at some of the stocks that make up the Basic Materials sector along with some commodities in general. Most commodities have had a tough go of it since they topped out in 2011, but there are some signs that […]
UK Retail Sales Beat With +0.6% – GBP/USD Jumps
Good news from the UK: consumers were more active in June. Retail sales are up 0.6% and this comes on top of an upwards revision. Year over year, sales are up 3%. Core retail sales are up 0.9% m/m and 2.9% y/y also ahead of expectations. All figures are better than predicted. GBP/USD recaptures 1.30 […]
Stocks Watchlist: TAP, MOS, CNP
Long Molson Coors Brewing (TAP) Long Mosaic (MOS) Short CenterPoint Energy (CNP)
What’s In The Shopping Carts Of Food Stamp Recipients?
Last November, the USDA published a report that provides some insight into the kinds of food and drink items that recipients of its Supplemental Nutrition Assistance Program (SNAP), which used to be called “Food Stamps”, are buying up with their government-issued EBT cards. In the chart below, we’ve taken the Top 10 items from Exhibit 6 of the report, which […]
“ECB Or Not To Be”: Here’s What Mario Draghi May Say Tomorrow
Looking at tomorrow’s main event, the much anticipated ECB announcement in which Draghi may (or may not) announce a hawkish shift to the centrral bank’s policies and/or reveal the bank’s tapering plans, Citi (whose titled we borrowed) gives the 30 second summary, and says that the market seems quite split on whether the ECB will […]
