Author Archive: Jeremy Parkinson
Innovate Or Die
Back in January 2007, Netflix announced a bold plan to bring internet video to television sets. At the time, few believed they would be successful, but such skepticism was nothing new. The “death” of Netflix was predicted first in late 2002, not long after its IPO. Wal-Mart was entering the DVD-by-mail business, and who could […]
Euro Surges As Draghi Reiterates Sintra Message, Tips ‘Autumn’
Clearly, the euro and in particular bunds didn’t get what they were expecting in the ECB decision (out as usual at 7:45 EST). It seems readily apparent that some folks were looking for a tweak in the language around the QE assessment. When they didn’t get it, the reaction in the single currency was perceptible, but the […]
Weekly Unemployment Claims: Down Another 15K
Here is the opening statement from the Department of Labor: In the week ending July 15, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 243,750, […]
The Stock Whisper Of The Day: T, ERIC, NVDA
Hot stocks of the day: T, ERIC, NVDA Video length: 00:03:57
Dollar Firming Up
With both Japan and Europe out of the way, the Forex markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the Yen, which itself is off by about a quarter of a percent, which is letting gold slip away from all that overhead supply it has. […]
Blackstone Group And Bank Of New York Mellon Report Q2 Earnings
The Blackstone Group (BX) Q2 2017 and Bank of New York Mellon (BK) Q2 2017 earnings reports were released before opening bell this morning. Blackstone reported economic net income of 59 cents per share on in revenue, compared to the 62 cents per share Wall Street was expecting. The Bank of New York Mellon Q2 […]
Millennials Can Punt On Bitcoin, Own Gold And Silver For Long Term
– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in Bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900 – Bitcoin least volatile of cryptos, around 75% annualized volatility – Gold much more stable at just 10% annualized […]
Oil Supply Falling And Geo-Political Worries Rising
Major oil draw and a Saudi Arabian coup? The Energy Information Administration (EIA) reported another major 4.727-million-barrel drawdown in crude supply even as US shale production rebounded last week causing US oil production to rise to 9.43 million barrels per day, up from 9.4 million barrels which puts it at a two-year high. We know […]
Why Wage Growth Will Remain Elusive
Just recently, Bloomberg ran a fascinating article discussing a new study from the McKinsey Institute. “American manufacturing could be poised to rebound as technological disruption shakes up global production chains, but that will offer little relief to displaced factory workers, according to new research by the McKinsey Global Institute. Now, McKinsey sees conditions changing in a way that […]
ECB Keeps Everything Unchanged, Language Seems Dovish
Ok, well the euro may have come off a little in the past 24 hours on profit-taking and general angst as to whether Draghi will have the balls to follow through and “assume Sintra”, but the setup for Thursday was clear. Euro at a near 15-month high… …European stocks that are starting to […]
