Author Archive: Jeremy Parkinson
EUR/USD – Heading For 1.1700?
Mario Draghi tried. He really did. But the market would just not buy his dovish talk. The fact of the matter is that the Eurozone recovery is in full bloom and the ECB is definitely heading for a taper as it tries to normalize monetary policy after years of extraordinary measures. Meanwhile, on this side […]
Secular Disinflationary Trend Hits New Highs: Deflation On Deck? What’s That Mean For Gold?
Wage and CPI inflation, even core inflation, has surprised to the downside four consecutive months. If a recession hits, and that is just a matter of time, outright price deflation is likely. Via email, Albert Edwards of Societe Generale discusses the subject in Global Strategy Weekly. US core CPI and wage inflation have surprised on […]
Market Talk- Thursday, July 20
A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
Ebay Inc. Q2 2017 Earnings, Visa Inc. Q3 2017 Earnings Released
The eBay Q2 2017 earnings and Visa Q3 2017 earnings reports were released after closing bell tonight. eBay reported earnings from continuing operations of 45 cents per share on $2.3 billion in sales, against the consensus estimates of 45 cents per share and $2.3 billion in revenue for the second quarter. In the same quarter a year […]
Two Simple Steps To Beat U.S. Stocks
Americans like to buy American stocks. Europeans prefer European stocks. And Chinese investors… well, you guessed it, they go heavily into Chinese stocks. This is the essence of a phenomenon called home country bias. As investors, we feel most comfortable buying the stocks of “our own” domestic companies. And we routinely under-allocate to foreign stocks. That means U.S. investors […]
Fund Managers Bearish On America & Tech
U.S. Versus The World With the stock market reaching another record high let’s look at valuations across the globe. As you can see from the chart below, North America has the second highest current P/E ratio and the highest forward P/E ratio. North America has a relatively low 15-year earnings growth rate and book value […]
Hot Options Report: End Of Day – Thursday, July 20
Most Active Equity Options And Strikes For The End Of Day, July 20, 2017
Nasdaq Limps To Best Run Since Feb 2015 As Dollar Dumps To 11-Month Lows
Despite Bank of Japan and ECB talk, and thanks to a tanking VIX, the new normal of utter tranquility in markets continued… Video length: 00:00:02 Soft Data rolled over again today… Draghi didn’t sound dovish enough and EUR spiked, sending the dollar dumping (down 8 of the last 10 days) to its lowest level […]
The “German Problem” Is Not A Problem For Anyone To Worry About. Or Is It?
It took a very long time. Too long. But just in time for the recent G20 meeting in Hamburg on July 7-8, The Economist’s cover page story featured Germany’s persistent current account surpluses as the world community’ new “German problem”; supposedly an issue of foremost interest to the G20. In fact, Germany has run up […]
Here’s Something That Will Never Happen, But Probably Should…
The ECB and the BoJ are out of the way and generally speaking, most observers think risk assets probably have the all-clear from now until September barring some kind of meltdown at 1600 Pennsylvania Avenue which, honestly, seems just as likely as not – especially after what we learned this morning. One thing that would cause […]
