October 17, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. Such as these items: “10:20 a.m.: The ZEW survey for October showed economic sentiment iamong German investors climbing to 17.6 from 17.0 points in the previous month. The index, however, still remains below the long-term average of 23.8 points” and “10:40 a.m.: Japan’s Nikkei stock market index recorded its eleventh straight gain today. The market hasn’t had a losing session yet in October. In that period the Nikkei is up 4.8% on growing conviction that Prime Minister Shinzo Abe is headed to a smashing election victory that will assure the continuation of Abe-nomics and a weak yen.”
October 17, 2017 | Daily JAM, Morning Briefing |
On the one hand, the results of the 19th Communist Party Congress that begins tomorrow are completely predictable. President Xi Jinping will be elected to a new five-year term and when the dust has cleared from the once-every-five-years turnover of party leaders, he will have tightened his grip on power still further. On the other hand, there’s huge uncertainty over what Xi will do with his power during the next five years.
October 16, 2017 | Daily JAM, Stock Alerts |
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October 16, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. It runs only on JAM and won’t appear anywhere else. It includes items such as this: ” 10:40 a.m.: An oil spill in the Gulf of Mexico last week is the largest since the 2010 blowout at BP Macondo well sank the Deepwater Horizon rig. The Delta House floating production facility about 40 miles southeast of Venice, Louisiana, released 7,950 to 9,350 barrels of oil on October 13, according to operator LLOG Exploration.
October 16, 2017 | Daily JAM, Morning Briefing, Short Term |
Today, we’ve got more chaos in oil geopolitics, this time from Iraq where the central government in Baghdad has launched a military operation to seize the oil fields near Kirkuk from forces loyal to the Kurdish regional government. The fields produced 544,000  barrels of oil a day in 2016, about 12% of  Iraq’s total production, and production was projected to rise to 602,000 barrels a day in 2017. The area is projected to hold 45 billion barrels of oil, more than the reserves of Nigeria.
October 15, 2017 | Daily JAM |
Last week, the Standard & Poor’s 500 went just about no where. We started the week at 2549 on the S&P 500 (that was the October 6 close) and ended at 2553 at the close on October 13. Check my math but that’s 4 points on the week for an index at 2550. That qualifies as massive sideways. Which can be a good thing.
October 14, 2017 | Daily JAM, Friday Trick or Trend, Short Term |
Friday’s surge in oil prices on worries about deteriorating relations between the United States and Iran was a reminder of how extraordinary oil geopolitics have been recently: Just about every OPEC country–and most non-OPEC oil producers–have been pumping away without significant disruption. That’s not normal oil geopolitics for the last forty years or more. And I have to wonder how long this calm is going to last.
October 13, 2017 | Daily JAM, Morning Briefing |
What came as a genuine surprise to me–and what has far bigger negative implications for the U.S. economy than any continued slump in trading revenue–was news that Citigroup and JPMorgan, two of the biggest banks in consumer finance (read credit cards) had taken big new hits in their consumer lending businesses. Citigroup, for example, booked $252 million in credit losses. JPMorgan Chase’s credit costs rose by $200 million from last year because of higher charge offs in its credit card business.
October 12, 2017 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. For example, “10:40 a.m.:Â Taiwan’s Fair Trade Commission has fined Qualcomm (QCOM) a record $773 for antitrust violations. The commission says Qualcomm violated antitrust laws for at least seven years and collected about $13.2 billion in local licensing fees during that period. The commission also ordered Qualcomm to revise deals forcing competitors to provide sensitive information including pricing, customer names, and model names.”
October 12, 2017 | Daily JAM, Morning Briefing |
Oil prices fell today with U.S. benchmark West Texas Intermediate falling 1.29% to $50.64 a barrel and international benchmark Brent crude down 1.11% to $56.31 a barrel. Oil prices were even lower in the early going with West Texas Intermediate touching $50.23 a barrel at 9:56 a.m. New York time and then $50.19 at 12:50 p.m.
October 12, 2017 | Daily JAM, Short Term |
Despite’s what struck market analysts as “dovish” minutes released today, October 11, from the Federal Reserve’s September 19-20 meeting, the Fed Funds Futures market continues to point strongly toward an interest rate increase at the Federal Reserve’s December 13 meeting.
October 11, 2017 | Daily JAM, FEZ, Perfect Five-ETFs, 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...
