Author Archive: Jeremy Parkinson
Public Safety Employee Retirement Plan Withdrawal At Age 50
For certain types of workers, specifically someone employed as a public safety employee, there is a special exception to the normal distribution rules. For a public safety employee, retirement plan withdrawal can begin without penalty as early as age 50, rather than age 55 or 59½. Public Safety Employee The list of public safety employees includes government […]
Above The 40 – A Big Tech Sucking Sound On The Eve Of Amazon Prime Day
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 11.1 (flat) (volatility index)Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The Nasdaq increased 0.4%, and the PowerShares QQQ ETF (QQQ) increased […]
Tom Cloud Announces Silver Buy Alert: Five Reasons Why
In this newest precious metals update, Tom Cloud is announcing a SILVER BUY ALERT. This is one of the few silver buy alerts he has made in his 40 year history in the precious metals retail industry. Tom is not issuing this silver buy alert based on trading data, but rather fundamental analysis via discussions […]
EUR: En-Route To Break Two And Half Year Range; Where To Target? – NAB
EUR/USD continues hovering around the highs, but isn’t going anywhere fast. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research maintains its positive EUR view noticing that European rates and the EUR are currently in an impulsive upward phase, with investors in something of a higher yield, higher EUR price discovery chapter. […]
Gold Prices May Fall As Hawkish Fed-Speak Sets Stage For Yellen
A lullin top-tier event risk allowed space for gold prices to consolidate after Friday’s sharp downswing in the wake of June’s upbeat US labor-market data. From here, a lackluster offering on the data docket puts Fed-speak in the spotlight. Comments from Governor Lael Brainard, the Fed’s most vocal dove, are due to cross the wires. If even she appears to favor […]
Sensex Opens Marginally Up; Tata Motors Gains Post June JLR Sales Data
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.35%, while the Hang Seng is up 1.02%. The Nikkei 225 is trading up by 0.27%. The US stocks ended mostly higher led by gains in technology stocks as investors were optimistic ahead of earnings. Meanwhile, share markets in India have opened the […]
Three Big Events On The Calendar This Week
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 5 = 21,408 SPX + 2 = 2427 NAS + 23 = 6176 RUT – 7 = 1408 10 Y – .02 = 2.37% OIL + .09 = 44.49 GOLD + 1.90 = 1215.10 GOLD – 12.80 = 1213.20 BITCOIN – 0.60% = […]
Wages, Inflation & Retail Sales
“Davidson” submits: For 8yrs part of the conversation has centered around a weak recovery and weak Hourly Wage Growth. To paraphrase: “If only we had higher wages we would have a better economy and the world would be better off.” The same talk flooded the media today with the higher than expected employment levels. The problem […]
World Markets Update – Monday, July 10
All eight indexes on our world watch list have posted gains for 2017 through July 10. The top performer thus far is India’s BSE SENSEX with a gain of 19.11%, followed by China’s Hang Seng not far behind at 15.91%. In third is our own S&P 500 with 8.42%.. The Last Four Weeks The tables […]
Can I Safely Withdraw Principal In Retirement?
As a cross-border financial advisor, one question I hear nearly every day is, “Can I afford to withdraw my principal in retirement?” For most of my clients, the short answer is, yes, but it is important to know how much and from which accounts you can dip into your principal. WHEN WITHDRAWAL IS PART OF […]
