September 30, 2017 | Daily JAM, Friday Trick or Trend |
The tea leaves seem to say that President Donald Trump is leaning toward appointing Kevin Warsh to head the Federal Reserve when Janet Yellen’s term as chair of the U.S. central bank expires in February 2018. Trump has met with Warsh to discuss the position of chair of the Fed, the White House confirmed this week. Yellen, meanwhile, told reporters that she had not met with Trump since early in 2017.
September 29, 2017 | Daily JAM, SLB, Stock Alerts |
Schlumberger's (SLB) next quarterly earnings report on October 20 will be a major test of the company's new business model. I hold the shares in my long-term 50 Stocks portfolio. For me the quarter will provide an early indication of how much volatility this new...
September 29, 2017 | Daily JAM, Morning Briefing |
For August the Personal Consumption Expenditures Price Index, the Federal Reserve’s preferred inflation measure, showed an increase in core inflation of just 0.1%. Economists had projected an increase of 0.2% for the month. Year over year the core PCE Index is up 1.3%, well short of the Fed’s target inflation rate of 2%.
September 28, 2017 | Daily JAM, Uncategorized |
Today Gary Cohn, currently chief economic advisor to President Trump and formerly chief operating officer at Goldman Sachs, told a White House press briefing what the “typical” family of four making $100,000 a year could expect under the President’s tax cut. Try a tax cut of $1,000.
September 28, 2017 | Daily JAM, Uncategorized |
The Treasury market has been taking a beating recently with traders and investors increasingly pricing in a December interest rate increase from the Federal Reserve. So today’s flat performance for the 10-year Treasury is actually a relief, especially considering that the Treasury sold $28 billion in 7-year notes today.
September 28, 2017 | Daily JAM, Morning Briefing |
President Donald Trump has proposed cutting the top line corporate tax rate to 20%. What stocks might get a boost from any anticipation of that proposal becoming law?
September 27, 2017 | Daily JAM, Short Term |
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 27, 2017 | Daily JAM, PXD |
U.S. oil producers have hedged more of their oil production in the last two weeks than in the last four to five months. In August a sample of 43 large and small U.S. producers had hedged just 23% of 2018 production. But now with West Texas Intermediate back above $52 a barrel, producers have rushed to finish hedging 2017 production, and the bulk of their 2018 production, and started to establish hedges for 2019.
September 27, 2017 | Daily JAM, Notes You Need |
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 27, 2017 | Daily JAM, Morning Briefing |
The odds of a December 13 interest rate increase, according to prices in the Fed Funds Futures market, have climbed to 81.4% today, September 27. That’s up from 72.5% odds on September 25 and from 37.8% odds back on August 25.
September 26, 2017 | Daily JAM, Mid Term |
Will OPEC really keep pumping less oil than it could in an effort to clear the global surplus in crude and to support prices above $50 a barrel and maybe push oil back to $60 a barrel? The annual confab of oil traders this week in Singapore is likely to tell.
September 26, 2017 | CHK, Daily JAM, Stock Alerts |
Today, Chesapeake Energy (CHK), the second largest U.S. producer of natural gas, said that it expects to see production in the third quarter of 542,000 barrels of oil equivalent a day versus the previous estimate of 550,000. The company also lowered its forecast for...