Author Archive: Jeremy Parkinson
Time To Bet Against Bonds
Note the breakout for the triple-short ETF symbol TMV. Our nation is over $20 trillion in debt, and this fantasy that we’re somehow going to pay for it is a pipe dream. Interest rates are going to roll higher as the months and years proceed, destroying debt-holders.
Ethereum Prices Settle On Fibonacci Support
ETH/USD Daily Chart Technical Outlook: Earlier this month we noted that Ethereum prices had carved out an, “impressive monthly opening-rang just below key resistance at 312/21– a region defined by the 61.8% retracement of the September decline and the 61.8% ext of the advance off the subsequent lows.” A topside breach on October 13 saw prices rally into confluence resistance […]
‘We Miss Volatility’ – ‘This Is A Strange World’
Equity vol is not an island. That’s from Goldman, who reminds you that if all you’re paying attention to is the VIX, then you should look around, because volatility is suppressed across the board. Hopefully, you already know that, but on the off chance you don’t, have a look at this: This is a […]
Three Developments In Europe You May Have Missed
The focus in Europe has been Catalonia’s push for independence and the attempt by Madrid to prevent it. Tomorrow’s ECB meeting, where more details about next year’s asset purchases, is also awaited. There are three developments that we suspect have been overshadowed but are still instructive. First, the ECB reported that its balance sheet shrank last week. […]
Amazon Takes Aim At Wal-Mart With New ‘Key’ Service
Shares of Wal-Mart (WMT) are in focus in morning trading after Amazon.com (AMZN) took a shot at the big box retailer by announcing a service that enables in-home delivery and secure home access for guests and service appointments for Prime members. The announcement follows Wal-Mart’s own plans for the delivery of groceries “straight to the […]
DRW: The Detlef Schrempf Of ETFs
Remember Detlef Schrempf? He’s the last basketball star awarded the NBA’s Sixth Man of the Year Award twice consecutively (in the 1990–1991 season and again in 1991–1992). The sixth man is the player who enters the game from the bench, while five others start the game. To me, REITs are like the Detlef Schrempf of the capital […]
Looking For Action? S&P 1500 Most Volatile Stocks – Wednesday, Oct. 25
For traders with a short-term time horizon who are looking for big moves over a short period, we have updated our list of the S&P 1500 stocks trading above $10 that have the largest intraday high-low ranges (based on the average percent spread between the intraday high and low over the last 50 days). The […]
Freeport Beats Q3 Earnings & Sales Estimates
Freeport-McMoRan Inc. (FCX – Free Report) is a mining giant that is primarily engaged in mineral exploration and development, mining and milling of copper, gold, molybdenum and silver, as well as the smelting and refining of copper concentrates. Freeport is taking actions to manage costs and capital spending amid a still challenging operating environment. The company also remains […]
As NZD/USD Breaks 0.6892; What Is Next?
Since the New Zealand First formed a coalition with the Labour Party a week ago, the Kiwi has suffered massive sell-off across the board due to weak business sentiment and uncertainty surrounding economic policy of the new coalition. Both widely perceived as anti-immigration. Experts believe the anti-immigrant policy will hurt productivity and impede economic recovery. Hence, the […]
Interest Rates Testing 25-Year Breakout Level
Interest rates based upon the 10-year yield (TNX) have been heading lower for years, more than 25-years actually. Below looks at the yield on the 10-year note and reflects that an important and rare test is in play. Yields on the 10-year note have remained inside of falling channel (1) for the past 25-years. In the past, […]
