Author Archive: Jeremy Parkinson
Jobless Claims Fell Last Week, Underlining Bullish Trend
New filings for unemployment benefits fell 2,000 to a seasonally adjusted 291,000 for the week through November 15, the Labor Department reports. It’s a relatively minor change, but today’s update provides more evidence that the broad slide in jobless claims rolls on. The latest reading remains close to the 14-year low of 266,000 for the week through […]
Arc Of Biotech
Here is the updated weekly (BTK) chart we have used over the last several months to gauge a speculative leader. Not only did BTK hold up well through 2014′s two moderate corrections, but it also broke channel lines in favor of an arc curving upward. Key support is highlighted. Click on picture to enlarge Charts […]
Philly Fed Business Outlook: Growth Surges; General Activity Highest Since 1993
Note from Doug: Having lived for two wonderful years in Paoli, PA, a suburb west of Philadelphia just south of Valley Forge, I have a special interest in this regional indicator. But, more importantly, it gives a generally reliable clue as to direction of the broader Chicago Fed’s National Activity Index. The Philly Fed’s Business Outlook Survey is a […]
Market Commentary: Markets Open Down, Regain Fractionally Opening Losses
Written by Gary Premarkets were down -0.4% and didn’t change significantly after the US financial ‘good’ news this morning. Markets opened down as expected and immediately began to climb upwards on moderate volume gaining fractionally. By 10 am the averages were mixed with the small caps flat and in the green as volume falls. US Markit […]
Great Graphic: Nikkei And Yen
This Great Graphic show the dollar against the yen (white line) and the Nikkei (yellow line), since the eve of the election that swept the LDP back into power in Japan, and heralded Abenomics. Click on picture to enlarge It shows the two track each other, and sometimes, link now, very tightly. On a day-to-day basis, it may […]
Consumer Prices – Fantasy And Reality
Airline Fares Are Declining – Aren’t They? A recent AP article published by ABC piqued our curiosity. It is entitled “Why Airfare Keeps Rising Despite Lower Oil Prices.” Evidently, the authors felt an explanation was in order – maybe people have complained that air fares keep going up in spite of declining fuel prices? We can’t be […]
Plunging Energy Prices Drag Down CPI, Offsetting Jumping Food Costs
For the fourth month in a row, the shale-revolution crushing plunge in crude prices managed to push energy costs down, with the BLS reporting that “the gasoline index fell for the fourth month in a row, declining 3.0 percent, and the indexes for natural gas and fuel oil also decreased.” As a result, October CPI was unchanged from a […]
E Ethics Matter
This truncated brief blog is about ethics. We wrote earlier about how foreign companies with a lot of US shareholders often mess up their investor relations because they are not as PR savvy as American corporate executives. They also often fall down on morality as well. I was turned off owning Chilean fertilizer and lithium […]
Salesforce Beats Q3 Earnings & Revenues, Outlook Raised
CRM platform provider salesforce.com, Inc. (CRM – Analyst Report) reported better-than-expected third-quarter fiscal 2015 results wherein both the top and bottom-line figures surpassed the Zacks Consensus Estimate and improved year over year. The improvement in earnings was primarily driven by strong revenue growth and lower operating expenses. Revenues Salesforce’s revenues of $1.38 billion not only increased 28.6% from the […]
Seppuku
Last night, I was intrigued to see that, in spite of the USD/JPY powering to lifetime highs again, the ES had simply stopped caring. For the longest time, as long as the Japanese Yen kept heading toward toilet paper status, U.S. equities kept surging, thanks to the flood of carry trade money. and yet as […]
