Author Archive: Jeremy Parkinson
US GDP Preview: Is The US Economy Grinding To A Halt? Finally The Hardest Data Of All
After a relatively slow 2016 with 1.6% growth, 2017 began with confusing data points. Business and consumer surveys point to robust growth. However, figures such as retail sales, durable goods orders and others point to a very slow rate of growth. Will the debate be settled now? The first release of GDP is the most […]
Advance Notice: Subtract 0.2 Percentage Points From GDP Report
Whatever the GDP report shows Friday morning, it’s likely to be on the high side by 0.2 percentage points. Of course, GDP is already one of the most revised stats, but this quarter estimate may be particularly bad due to methodology changes not implemented in time. The Wall Street Journal explains Why the GDP Report Could Make U.S. Growth Look Rosier […]
Sensex Opens Lower; Realty Stocks Drag
Asian equity markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.35%, while the Hang Seng is down 0.39%. The Nikkei 225 is trading down by 0.20%. The European markets ended Thursday’s session in the red as market participants were disappointed after the European Central Bank (ECB) again made no changes to its […]
GoPro Beats Q1 Revenue Estimates: Sales Up 19%
GoPro, Inc. (GPRO – Free Report) released its financial results for the first quarter of 2017, posting a loss of $0.44 per share and revenues of $218 million. Currently, GoPro is a Zacks Rank #2 (Buy), and is down 2.2% to $8.94 per share in trading shortly after its earnings report was released. Beat earnings estimates.The company […]
The Looming, Big Catalyst For Gold
Gold bulls were hopeful that Gold could break its 6-year downtrend but recent underperformance in the gold stocks and Silver argued otherwise. Those markets have been crushed in the past two weeks as US and global equities pushed higher. In fact, the S&P 500, small caps and global equity indices have rebounded back to recent […]
Record High For SPX:VIX Ratio
Today (April 27) marked another milestone as the SPX:VIX ratio hit an all-time high, along a record high on the Momentum indicator, as shown on the following Monthly ratio chart. We’ll see if that continues if Congress fails take over the reigns from the Fed (who are now tightening monetary policy) and move forward with President Trump’s fiscal policies to […]
A Deluge And An Eclipse
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 6 = 20,981 SPX + 1 = 2388 NAS + 23 = 6048 (record high close) RUT – 2 = 1417 10 Y – .02 = 2.29% OIL – 1.01 = 48.61 GOLD – 5.50 = 1264.50 Today brought a deluge of earnings. […]
The Newest ETF May Be The Best Yet
The idea behind the ETF Industry Exposure & Financial Services ETF (TETF) is simple: ETFs are the fastest-growing investment category ever. From a single fund, SPY, in 1993 ETFs now total just over 6,000 different offerings. ETFs have grown at over an annual rate of 19.4% over the last decade and now have more than […]
Tomorrow’s GDP Report Will Confirm The ‘Jobs Saved’ Economy Remains
The advance estimate for GDP is scheduled for release tomorrow, and by current estimates it should be a total washout. Yet another first quarter is expected to be a disaster, the fourth in a row and the third straight under the “residual seasonality” regime that was supposed to reveal the hidden economic strength obscured by […]
AUD/USD Forms A Doji After Confirming Below Ichimoku
After Australia’s Consumer Price Index disappointed the markets, AUD/USD confirms below the Ichimoku cloud, forming a Doji Candlestick pattern. Here is a quick IDDA overview to help you develop a trading strategy for our mate Down Under as traded versus Ms. USA. 1- Technical Points Daily Time Frame: For new Invest Divas here let me explain that Technical Analysis is […]
