March 2018 - Page 3 of 295 -

SPX Could Retrace Two-Year Rally

Mar 31, 2018 Jeremy Parkinson Finance 0

VIX pulled back from a test of its March 2 high at 26.22 a week ago, closing above Short-term support at 18.83. The next probe higher may exceed the prior high in the next 1-2 weeks. (Bloomberg) The prime suspects in last month’s global rout may be at it again. Inverse exchange-traded funds — which […]

Quick Take: GDP Linked Bonds?

Mar 31, 2018 Jeremy Parkinson Finance 0

There is a core concept in finance that states that an investor should be properly compensated for the amount of risk taken. While central banks have certainly distorted the amount of compensation per degree of risk, the axiom still holds true. It is in this light that we recently read an article entitled GDP-linked bonds could […]

The Simple Reason Why Steel Tariffs Will Destroy More Jobs Than They Create

Mar 31, 2018 Jeremy Parkinson Finance 0

The US maps below show: a) the share of each US county’s employment in steel- and aluminum-producing industries in 2016 (top map) and b) the share of each US county’s employment in steel- and aluminum-using industries (bottom map). The maps were featured in a recent New York Times article titled “How Trump’s Protectionism Could Backfire.” Here’s a slice: Tupelo […]

Have Investors Priced In Veeva Systems Inc’s Growth?

Mar 31, 2018 Jeremy Parkinson Finance 0

Veeva Systems Inc. (NYSE: VEEV), a healthcare firm with a market capitalization of $10.3 billion, saw its share price increase by 30.7% over the prior three months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock. Is there still an […]

Peeking Into Future Through Futures, And How Hedge Funds Are Positioned, Via CoT

Mar 31, 2018 Jeremy Parkinson Finance 0

Following futures positions of non-commercials are as of March 27, 2018. 10-year note: Currently net short 305.2k, down 8.1k. For the first time since mid-December last year, 10-year Treasury yields went under the 50-day moving average this week. On March 21 – the day the FOMC concluded its two-day meeting by raising the fed funds […]

ECB Doubles Bond Purchases Just As Market Hits Turbulence

Mar 31, 2018 Jeremy Parkinson Finance 0

We find it amusing how much digital ink continues to be spilled to predict i) when the ECB will end its QE and ii) whether it will hike before or after it finally stops purchasing government and corporate bonds, or funnier yet, start selling them. The reason for that is that over the past 4 […]

S&P 500 Ends Quarter Down 1.22%

Mar 31, 2018 Jeremy Parkinson Finance 0

Streak Of 9 Positive Quarters Is Snapped There were many record winning streaks snapped by the correction in February. With the weakness in March combined with the February decline, the market had its first down quarter since 2015 as the S&P 500 fell 1.22%. The Wall Street phrase “the easy money has been made” is […]

Oil ETFs Take A Hit On Sudden Inventory Build

Mar 31, 2018 Jeremy Parkinson Finance 0

Oil prices have been erasing the gains from last week, as weekly U.S. shale production witnessed a sharp increase. Moreover, weakness in the financial markets owing to trade fears and the tech sector’s headwinds are exerting pressure on oil prices as investors became more risk averse. OPEC’s fears came true. Amid the rally in crude […]

Best And Worst Forex And Commodity Performers In April (Seasonality)

Mar 31, 2018 Jeremy Parkinson Finance 0

Here are the currencies and commodities that do well or poorly in April, historically. Statistics include how often the prices rise or fall, and by how much, on average. Forex Seasonality For April The US Dollar Index (DX) has fallen in 14 of the last 20 years (70%), dropping an average of 0.8% in April. The PowerShares US […]

The S&P’s 200-DMA: Why It Ain’t No Maginot Line

Mar 31, 2018 Jeremy Parkinson Finance 0

For the last five years the S&P 500 has been dancing up its ascending 200-day moving average (200-DMA), bouncing higher repeatedly whenever the dip-buyers did their thing. Only twice did the index actually break below this seeming Maginot Line: In August 2015, after the China stock crash, and in February 2016, when the shale patch/energy sector hit the wall. […]