Author Archive: Jeremy Parkinson
Dollar Stabilizes On Hump Day, Awaits Thursday’s BOJ And ECB Meetings
After being shellacked to start the week, the US dollar is being given a small reprieve today as investors await tomorrow’s BOJ and ECB meetings. The US may also report a bounce back in housing starts (residential investment) after a three-month slide. The euro reached a 14-month high yesterday just shy of $1.1585 as it approaches […]
The Markets Are Doing That Thing Again
The markets are doing that thing again. That thing where everything looks easy. Where the trends are picture perfect. Where good stocks keep doing good things and bad stocks keep doing bad things. Where shorting the VIX seems like the easiest money in the world and where commodities are so fractured as to be all […]
Oversupply Keeps Oil Prices Down
U.S. crude stockpiles rose last week, the American Petroleum Institute announced on Tuesday, with the U.S. adding 1.6 million barrels, bring its total to 497.2 million barrels. OPEC supply also remained higher than expected despite the group’s commitment to cutting production.OPEC’s increased supply is largely due to high output from Libya and Nigeria, two member-states […]
DXY Elliott Wave View
Short term DXY (USD Index) Elliott Wave view suggests the decline from 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, decline to 95.47 ended Minor wave A, and bounce to 96.51 high ended Minor wave B. Wave C is unfolding as an Elliott wave Impulse structure with extension where Minute wave ((i)) ended […]
YogaWorks Flexes Its Muscles Pre-IPO
YogaWorks (YOGA) has filed for an IPO and expects to sell five million shares priced between $12 and $14 per share. At the midpoint of the proposed range, YOGA will raise $67.5 million and be valued at $190 million. Underwriters for the deal include Cowen, Guggenheim, Stephens, Imperial, and Roth. Company Overview With a digital media service […]
Private Debt In U.S. Maintains Positive Acceleration, Real GDP Rises
There is a rather strong correlation between changes in the acceleration of nominal private sector debt in the U.S. and the direction of growth for the nation’s real GDP growth rate. In a nutshell, we’ve found that “nearly 88% of periods in which the trailing twelve month average of private debt acceleration declined or was negative occurred […]
Questions On Inflation
Why is inflation ex-food and energy considered core? Isn’t food and gas about as core as it gets for most people? Why do economists think it is important to stabilize the price of luxuries but not the price of needs? As a society shouldn’t we prefer a monetary policy that stabilizes food, energy and shelter prices […]
FV S&P 500 Sector Weights And Dot-Com Mania
In this video, we discuss some key trends in sector market cap weights and earnings share of the GICS sectors of the S&P 500 index. The video focuses on a topic from a recent edition of the Weekly Macro Themes report. The first chart shows market cap representation of 4 major sectors of the S&P 500 […]
Gold Prices Aim Higher As Fed Rate Hike Bets Continue To Wilt
Gold prices continued rise as Fed rate hike bets wilted, sending the US Dollar lower alongside front-end Treasury bond yields and boosting the relative appeal of non-interest-bearing and anti-fiat assets. Markets now price the probability of another hike before year-end at 42.3 percent, down from 49.1 percent a week ago. A further unwinding of the “Trump trade” seemed […]
How To Make Your Portfolio Tax Efficient
Occasionally, people tell me that they worry about investing because of all the taxes that they may accumulate over time. This is really only a major concern if you happen to be a high net worth individual or a small business owner. However, with the right planning process, these alleged taxes can be mitigated from ordinary, passive, […]
