Author Archive: Jeremy Parkinson
Yen Weakens As Abe Switches To Crisis Management Mode
Negative economic releases, scandals and polls are surrounding the Japanese Prime Minister Shinzo Abe, who appears to have switched to crisis management mode, leading the Japanese Yen to decline further since the beginning of the week. Weekend Polls The support for the Japanese Prime Minister Shinzo Abe slumped to record lows in multiple media polls […]
GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY At Crossroads
Video length: 00:07:13 The US Dollar (via DXY Index) is having a quiet morning after a lackluster day yesterday, as an empty economic calendar in the first two days of the week have left traders searching for catalysts. Today, important data releases are notably absent from the calendar in the North American trading session, and […]
E Monetary Normalization In A Nutshell
The chorus singing for a concerted effort to “normalize” monetary policy is getting louder every day. Monetary policy is highly accommodative with nominal rates barely above zero and, more significantly, with real rates negative. The latest mantra has been taken up with the possibility of financial instability arising out low-interest rates and bloated central bank […]
‘Mark It Zero!’: Goldman Says Oil Could Head ‘Below $40’
Goldman has seen enough. We’ve said this a couple of times over the past several days, but we’ll say it again: if those inventory numbers we got last week weren’t enough for crude to stage a sustainable bounce, then that suggests there’s a crisis of confidence here. And indeed we got still more evidence to […]
About Snapchat IPO Price
I’ve been seeing story after story about how that piece-of-shit company SNAP is now below its IPO price. Huge publications – – hundreds of times larger than our beloved Slope – – are making hay out of this big event, with such headlines as this: Now, there’s no reason to single out TechCrunch in particular, but I’ll do it […]
Redin IPO: The Modern Way To A Home
Company Overview & Success To Date Seattle-based real estate agent RedFin Inc. (RDFN) has filed for an IPO. The deal is expected to take place in late July or early August. The company was launched in 2004 and has raised $167M in venture funding. Notable investors include: Greylock Ventures, Madrona Ventures, and Draper Fisher Jurvetson. (S-1/A) Redfin’s […]
K. Hovnanian Enterprises, Inc. Announces New Senior Notes Offering
RED BANK, N.J., July 11, 2017 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE:HOV) (the “Company”) announced today that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), plans to issue an aggregate principal amount of up to $840,000,000 of senior secured notes with maturities in 2022 and 2024 (collectively, the “Notes”) in a private […]
Day Trading Stock Picks For This Week – Tuesday, July 11
Day trading stock picks likely to move big (up or down) during the week of July 11: CBI, WLL, HTZ, OAS, AMD, CLF, OCLR and few that are usually good day trading candidates: SPY, BAC, WFT, MOMO, AKS. Chicago Bridge & Iron (CBI) Average day range (30) is 7.62% and average volume (30) is 8.6 million. […]
Electrified: More Money In Electricity Than Oil
For the first time in history the globe has invested more money in electricity than oil according to the International Energy Agency(IEA) and while that may seem to inspire thoughts of electric cars and cheap shale oil, the truth is it’s a problem we will have to deal with at some point in the future. […]
“Silver’s Plunge Is Nearing Completion”
Silver’s plunge is nearing completion – Bloomberg analyst Silver’s 10% sharp fall in seconds remains “mystery” Plunge despite anemic global supply and strong demand Total silver supply declined in ’16 – lowest level since ’13 Silver mine production down in ’16, first time in 14 years Total silver supply decreased by 32.6 Mln Ozs in 2016 Supply deficit […]
