December 2017 -

Australian Retail Sales Rebound In October

Dec 05, 2017 Jeremy Parkinson Finance 0

Australian consumers are buying once again, after months of weak spending and competitive discount. The retail sales rose 0.5 percent in October, according to the Australian Bureau of Statistics (ABS) report released on Tuesday. The strongest figure since May and higher than the 0.3 percent predicted by most economists. September number was also revised up to […]

Crude Oil: Weakens, Eyes The 56.73 Zone

Dec 05, 2017 Jeremy Parkinson Finance 0

Crude oil faces further downside pressure as it looks to follow through lower on Tuesday. On the downside, support resides at the 57.00 level where a break will expose the 56.50 level. A cut through here will set the stage for a run at the 56.00 level. Further down, support resides at the 55.50 level. […]

Markit Services PMI: Slower Expansion In November

Dec 05, 2017 Jeremy Parkinson Finance 0

The November US Services Purchasing Managers’ Index conducted by Markit came in at 54.5 percent, down 0.8 from the final October estimate of 55.3. The Investing.com consensus was for 55.9 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the […]

Billion Dollar Unicorns: 23andMe In High Gear

Dec 05, 2017 Jeremy Parkinson Finance 0

According to a recent report from Research and Markets, the global genetic testing market is estimated to grow from $4.6 billion in 2017 to $5.8 billion in 2022 at a CAGR of 11.7% driven by aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic […]

How Equity Returns Stack Up

Dec 05, 2017 Jeremy Parkinson Finance 0

With the S&P 500 finishing November with a gain of 3.1% on a total return basis, the index saw its 13th straight month of gains. That’s right. Since last November’s election, US equities haven’t seen a down month, which is pretty remarkable when you think about it. With such continuous strength, the S&P 500’s total […]

E More On Why Central Bankers Find It So Hard To Reach Their Inflation Targets

Dec 05, 2017 Jeremy Parkinson Finance 0

Why, after eight years of economic expansion, does inflation remain in the doldrums, presenting a real challenge to monetary policy? In an earlier blog, I looked at how the digital revolution cut the costs of manufacturing and also the delivery of services to the extent that this revolution thwarted any prospects of inflation accelerating. In […]

Dr. Copper Plunges To 3-Month Lows As ‘Global Growth’ Narrative Stumbles

Dec 05, 2017 Jeremy Parkinson Finance 0

Remember in October, as copper soared incessantly, signaling that the global ‘synchronized’ recovery was well underway and everything was awesome… well it’s not anymore! Copper is back below $3 as China slowdown concerns start to get priced in… Additionally, Bloomberg reports that copper inventories held in the London Metal Exchange’s global warehouse network jumped on Tuesday, ending a […]

October Trade Deficit At $48.7B, Worse Than Forecast

Dec 05, 2017 Jeremy Parkinson Finance 0

The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]

Bitcoin: What You Need To Know

Dec 05, 2017 Jeremy Parkinson Finance 0

Bitcoin is trading at over $11,000. What is it? Should you consider buying? Shelly Palmer explains the cryptocurrency and talks about the risks and possible rewards with Sukanya Krishnan and Jennifer Lahmers on Fox 5. Original Airdate: December 5, 2017

E The Bank Of Canada’s Interest Rate Policy Remains Cautiously Conservative

Dec 05, 2017 Jeremy Parkinson Finance 0

For many years now, the Bank of Canada has followed a low-interest rate policy to support the Canadian economy in the rocky period following the Great Recession. Since April of 2009, the target overnight policy rate has ranged between 25 basis points (BPS) and 100 BPS. The overnight rate was cut to 50BPS between July […]