China’s 6.7% GDP growth comes with a flashing warning sign
Last night the Chinese government reported a wok full of economic data. GDP climbed 6.7% in the third quarter of 2016 from the third quarter of 2015. That matches the 6.7% year over year growth reported for the second quarter. And it just happens to lie smack dab in the middle of the government’s goal of 6.5% to 7% growth for 2016
Three moves for a vulnerable market
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Mild inflation numbers lead to mild market gains
The headline consumer price index, the government announced this morning, rose 0.3% in September. That follows on a 0.2% increase in August. The headline rate of inflation is now 1.5% year over year. That’s the highest rate of inflation for this number since October 2014. Core inflation–that is inflation excluding changes in the prices of energy and food, rose by just 0.1% in September after climbing 0.3% in August
Another market indicator: Will investors reward Netflix blowout numbers tomorrow?
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...Watch tomorrow’s market reaction to today’s IBM earnings for an important indicator on the direction of U.S. stocks
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...Today looks like a return to the “vulnerable” market of last week
For me the question today was whether the market would look like the “vulnerable” market of the first four days of last week–you know when U.S. stocks moved lower, the dollar continued to climb but so did the yen, and emerging market equities fell and it looked like we were moving back to a typical risk-off market–or whether Friday’s strong day for U.S. stocks broke the pattern.
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...Market decides not to go much of anywhere ahead of the weekend
U.S. stocks stabilized today–thanks to better than expected earnings from Citigroup (C) and JPMorgan Chase (JPM) and, well, Friday. The Standard & Poor’s 500 stock index closed up 0.02%. U.S. crude oil benchmark West Texas Intermedite fell 0.24% but remained above $50 a barrel at $50.32. The iShares MSCI Emerging Markets ETF finished ahead by 0.16%
A “vulnerable” market looks to be shifting to risk off stance
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...Abbott Lab’s acquisition target St. Jude does indeed have a problem with batteries in its defibrillators
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...September Fed minutes point to December rate increase, slow path in 2017
Minutes from the Federal Reserve’s September 20-21 meeting released today confirm the market’s view of the Fed’s likely course of action on interest rates. The decision at the September meeting not to raise interest rates at that point was a close call–which supports the current view that the Fed will raise interest rates at its December 14 meeting. Nothing in the minutes suggested that the Fed was chomping at the bit to raise interest rates, however
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