July 19, 2017 | Daily JAM, Morning Briefing, Short Term |
According to Bank of America Merrill Lynch’s most recent survey, money managers are 20% underweight U.S. equities. Managers haven’t been this underweight since January 2008. At that point the Standard & Poor’s 500 was near a peak before crashing in the global financial crisis.The underweighting is a result of valuation. “A net 80% of investors think the United States is the most overvalued region.”
July 19, 2017 | Daily JAM |
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July 18, 2017 | Daily JAM |
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July 18, 2017 | Daily JAM, Morning Briefing |
More big bank earnings today–and, fortunately, they were a mixed bag. Which made them markedly better than Friday’s results. Bank of America’s (BAC) ‘s second-quarter earnings per share rose 12% to 46 cents, beating by 3 cents a share. Revenue climbed 7% to $22.8 billion against the Wall Street consensus of $21.915 billion. Shares of Bank of America closed up 0.5% today, July 18.
July 17, 2017 | Daily JAM, NJDCY, Stock Alerts |
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July 17, 2017 | Daily JAM, Notes You Need |
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July 17, 2017 | Daily JAM, Morning Briefing |
Talk about hitting your marks! Second quarter GDP grew in China at a 6.9% year over year rate, Beijing reported over the weekend. The consensus projection called for 6.8% growth. In the first quarter China’s GDP grew at 6.9% year over year.
July 15, 2017 | Daily JAM, Uncategorized |
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July 14, 2017 | Daily JAM, Uncategorized |
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July 14, 2017 | Daily JAM, Morning Briefing, You Might Have Missed |
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July 13, 2017 | Daily JAM, FANUY, Stock Alerts |
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July 13, 2017 | Daily JAM, Stock Alerts |
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...