December 8, 2014 | Daily JAM, Mid Term, Morning Briefing, Volatility |
With commodity bulls in retreat today as traders decide that the sell off isn’t over and liquidate their long positions, the price of West Texas Intermediate, the U.S. crude benchmark, has tumbled to $63.35 for January delivery. That’s a drop of $2.39 a barrel or 3.63% on the day as of 2 p.m. The Brent benchmark is down to $66.43 a barrel, a drop of $2.64 or 3.82%.
December 6, 2014 | Uncategorized |
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December 5, 2014 | Friday Trick or Trend |
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December 5, 2014 | Uncategorized |
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December 5, 2014 | Uncategorized |
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December 5, 2014 | Daily JAM, Morning Briefing |
I think it’s fair to call the November jobs numbers announced this morning a blow out. The economy created 321,000 net new jobs in November. That was way ahead of the 230,000 expected by economists
December 4, 2014 | Daily JAM, Stock Alerts |
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December 4, 2014 | Daily JAM, FLR, Stock Alerts |
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December 4, 2014 | Daily JAM, Morning Briefing, Short Term |
Wait ‘til next year for a big expansion of asset buying that is likely to include big purchases of sovereign debt. That was the message from European Central Bank President Mario Draghi today. Financial markets might have been hoping for more, but this is about as fast as Draghi can move while pulling reluctant members of the bank along with him.
December 3, 2014 | Daily JAM, Morning Briefing, Short Term |
Today it’s not just energy stocks. Cyclical stocks of all kinds are outperforming stocks in safe sectors such as consumer staples and utilities. Today the energy sector is up with the Energy Select Sector SPDR ETF ahead 1.22%. But such cyclical sectors as materials and industrials were up too with the Materials Select Sector ETF ahead 1.47% and the Industrials Select Sector ETF up 1.33%.
December 2, 2014 | Daily JAM, Morning Briefing, Short Term |
News that Kurdish authorities had reached an agreement with the Iraqi government to ship 300,000 barrels of oil a day—adding to global oversupply—overwhelmed a slight early uptick on a Reuters story reporting that the Saudis were willing to cut production if other members of OPEC were. Oddly enough, the drop in oil prices didn’t cause an across the board retreat in the price of energy stocks.
December 1, 2014 | Daily JAM, Stock Alerts |
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