Author Archive: Jeremy Parkinson
September New Home Sales Jumps Almost 20%
This morning’s release of the September New Home Sales from the Census Bureau came in at 667K, up 18.9% month-over-month from a revised 561K in August. Seasonally adjusted estimates back to June were also revised. The Investing.comf orecast was for 555K. Here is the opening from the report: Sales of new single-family houses in September 2017 […]
China Lodging Chart Is In A Strong Uptrend
An under-the-radar name that has been lighting it up recently is China Lodging, a conglomerate of luxury hotel franchises in mainland China. The stock shifted into a higher gear over the summer and has risen 80% after making a double bottom in early July. The chart and technicals are a thing of beauty. The channel […]
It Can’t Continue, Can It?
Yesterday, we talked about the fact that the stock market has now enjoyed the longest stretch ever without experiencing a correction of 3% or more. We noted that the CBOE Volatility Index (aka the VIX) recently hit an all-time low and that volatility in general is the lowest in decades. It is also worth noting […]
AUD Falls Following CPI Miss, GBP Rises As GDP Grows Again
Australian Q3 CPI Disappoints The Australian Dollar came under pressure over the Asian and European session on Wednesday following a downside surprise in the Q3 CPI reading. Headline inflation rose 0.6% quarter-on-quarter, undershooting expectations of a 0.8% rise. On a seasonally adjusted basis, the headline reading increased 0.4%, unchanged from 0.2% Q2 2017. Underlying inflation […]
Boeing Beats Q3 Earnings And Revenues Estimates
The Boeing Co. (BA – Free Report) is a premier jet aircraft manufacturer and is also one of the largest defense contractors in the U.S. Its revenue exposure is spread across more than 90 countries around the globe. In the race for supremacy in the commercial skies, the North American jet plane maker – Boeing − has surpassed […]
This Will Be The Biggest Buyer Of Stocks In 2018
In July, many were surprised to learn (even though we have shown this many times prior), that according to Credit Suisse analysts there has been just one buyer of stocks since the financial crisis: the corporate sector, also known as “stock buybacks.” Well, don’t change the channel, because according to Goldman’s just-released forecast of fund flows in 2018, […]
Gold Comes From Neutron Star Collision
Gold comes from the merger of neutron stars. How cool is that? We always maintained that gold is a unique element and an investment. Its extraordinary features were the very reason why people chose the yellow metal as money. Just think about it: there are more than 100 elements, but it was gold that became a market medium […]
General Motors Downgraded To Equal Weight At Morgan Stanley
As previously reported, Morgan Stanley analyst Adam Jonas downgraded General Motors to Equal Weight from Overweight following the stock’s 40% rise over the past year, which he attributes to investors having “finally noticed” the company’s “bold and difficult moves” to reposition the core business. However, he believes the consensus view is now that GM […]
China’s Minsky Moment
Sometimes you have to love the naivety of the markets. At this week’s Communist Party Congress meeting in Beijing, the governor of the PBoC (People’s Bank of China) said the following; “If we are too optimistic when things go smoothly, tensions build up, which could lead to a sharp correction, what we call a ‘Minsky […]
