Once again we’re waiting on the Federal Reserve
My best estimate is that the Fed won’t say anything new. In his post-meeting press conference Fed chairman Ben Bernanke will talk about positive signs in the economy but also note that the recovery remains fragile. He’ll say that, yes, the Fed is thinking about “The Taper,” but that the timing for that depends on the data. In other words, same old, same old. Will that move global markets?
I still don’t see another bust–but I think the odds of some smaller crisis have climbed recently
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Sell Johnson Controls as a source of cash
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...What stocks do you sell now to raise cash for an emerging markets rally?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...I don’t think we’ve seen a bottom yet in emerging markets
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
Nobody feels positive about growth
Yesterday, the World Bank cut its forecast for growth in the global economy for 2013 to 2.2% from a projection of 2.4% back in January. Today, the International Monetary Fund weighed in with a report that said the U.S. economy will grow by just 1.9% in 2013
10 food stock picks for a post-Smithfield world
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Better than expected U.S. retail sales and initial claims for unemployment stem the overnight rout–so far
The good news from the U.S. economy came in the form of better than expected retail sales for May and better than expected initial claims for unemployment for the week ended June 8.
It’s a risk off market again–what to sell and what to think about buying when emerging markets bottom
Global markets have swung to their risk off posture. The drivers are, as usual, global central banks. Specifically traders fear that the Federal Reserve will begin tapering off its $85 billion a month in purchases of Treasuries and mortgage backed securities “soon.”
What have you done for me today? Bank of Japan stands pat and market is disappointed
Markets are disappointed—the Nikkei 225 index in Tokyo closed down 1.45% over night—that Japan’s central bank didn’t announce even more stimulus on top of its April pledge to add 60 trillion to 70 trillion ($713 billion) to Japan’s money supply. It’s risk off assets in the EuroZone periphery and in global emerging markets that are under the most pressure today.
