July 2017 - Page 8 of 209 -

Housing Is Local: Use Caution Generalizing

Jul 27, 2017 Jeremy Parkinson Finance 0

The latest house price data, the S&P CoreLogic Case-Shiller Home Price Indices, illustrate a critically important point: real estate is local. That seems an obvious statement, but many of us have to make national or even global generalizations about the economy, the demand for mortgage debt, the net worth of households, or the need for new […]

FAANGs In Finance Pt. 3: Google

Jul 27, 2017 Jeremy Parkinson Finance 0

<< Read Part 1: FAANGs In Finance: Joining The Customer Journey << Read Part 2: FAANGs In Finance: Amazon What’s the #1 source for fast, accurate information? Google. With a culture of transparency and unparalleled data management capabilities, Google is positioned to help wealth managers engage clients by delivering the highest level of insight into their investments. […]

July 2017 Initial Unemployment Claims Rolling Average Unchanged

Jul 27, 2017 Jeremy Parkinson Finance 0

The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 235 K to 243 K (consensus 240,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 244,000 (reported last […]

Make Way For Uncle Buck

Jul 27, 2017 Jeremy Parkinson Finance 0

It has been a contrarian trade that has not yet worked out; by that I mean my short position on the Euro and preparation for a firming US dollar. Yesterday the market cheered the supposedly dovish Fed, and USD got smeared again as the world’s counter party paper boosted assets far and wide… on nothing […]

July FOMC Meeting And Gold

Jul 27, 2017 Jeremy Parkinson Finance 0

Yesterday, the Fed released its most recent monetary policy statement. How can it affect the gold market? In line with expectations, the Fed kept interest rates unchanged at between 1.00 and 1.25 percent: “in view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at […]

131% Surge In Civilian Aircraft Orders Propels Durable Goods Report: Diving Into The Details

Jul 27, 2017 Jeremy Parkinson Finance 0

Durable goods orders rose a whopping 6.5% in June led by civilian aircraft orders. Econoday economists expected a 3.5% rise. Excluding transportation, however, durable goods orders only rose 0.2% vs the Econoday consensus of 0.4%. Rounding out the report, a commerce department revision took May from -1.1% to -0.1%. Aircraft orders don’t dribble out day by day, […]

E Canadian Bond Investors Overreact To The Bank Of Canada’s Rate Hike

Jul 27, 2017 Jeremy Parkinson Finance 0

So often investors take one move on the part of a central bank as a signal that the universe has changed fundamentally. This is the case with the knee-jerk reaction on the part of bond investors and currency speculators following the Bank of Canada’s decision to hike its overnight rate by 25pbs. Now, there are […]

‘They’re Playing With Fire!’: There’s No Geopolitical Risk Priced Into Oil

Jul 27, 2017 Jeremy Parkinson Finance 0

Citi is out with a new take on crude, which is pretty interesting in the context of Goldman’s “green shoots,” note and against what certainly appears to be a brightening fundamental picture. As we detailed earlier today, oil hit an 8-week high on Wednesday, buoyed by EIA data which largely confirmed Tuesday’s bullish API numbers, jitters […]

‘Pot Odds’ Favor Downside In The Euro

Jul 27, 2017 Jeremy Parkinson Finance 0

(Video length 00:02:48) In Currency Cycles, we forecast the price action in the near term for the euro. The euro may still have a little upside left, but having just undergone a big rally, it’s due for a pullback as its intermediate cycle comes to a close. Ed. note: Pot odds are defined as the […]

Dow Chemical’s Q2 Earnings & Sales Trump Estimates

Jul 27, 2017 Jeremy Parkinson Finance 0

Dow Chemical (DOW – Free Report) topped earnings expectations in second-quarter 2017, helped by its cost-cutting and productivity actions, improved pricing and continued focus on consumer-driven markets. The U.S. chemical giant registered adjusted earnings (barring one-time items) of $1.08 per share for the quarter that comfortably beat the Zacks Consensus Estimate of $1.01. On a reported basis, the […]