November 21, 2017 | Daily JAM, Morning Briefing, Short Term |
The Standard & Poor’s 500 briefly inched above 2,600 today before ending at 2599.03, up 0.65% on the day and the highest close on record. Traders and investors will have much of the rest of this week off–time they can spend contemplating where they should put their money when they return on Monday, November 27. It’s hard for me to see them concluding to do anything except chase stocks and indexes higher through the end of the year.
November 20, 2017 | Daily JAM, PXD, STO, YPF |
Norges Bank Investment Management, the entity that runs Norway’s $1 trillion sovereign wealth fund, has recommended that the fund, which invests the country’s take from oil and gas revenue from production from its own reserves, sell off its shares in oil and gas stocks. The fund owns $35 billion in oil and gas shares. Should you follow suit?
November 19, 2017 | Daily JAM |
Expect fevered negotiations in the Senate this week on that house’s tax cut bill. Senate leaders have promised a vote shortly after Thanksgiving. And even if their bill passes, it’s really just the beginning of a much harder fight. I think it’s best to treat this week as a kind of dry run.
November 18, 2017 | Daily JAM, Friday Trick or Trend |
The problem for the market isn’t that there are signs of a big move to the downside. Instead it’s the absence of clear signs about either direction at all that has the market worried–especially as we head into a short holiday week with really only two full days of trading.
November 17, 2017 | Daily JAM, Morning Briefing, Short Term |
Goldman Sachs released its seven top trade themes for 2018 yesterday, November 17. Investors and traders always receive Goldman’s trading ideas with a high degree of skepticism, knowing that the bank’s traders are perfectly comfortable trading against the expectations that these themes generate. And there’s also the belief that what Goldman is really interested in is not tradable themes but volatility.But still, I think yesterday’s release is an important market event–because Goldman is now the first big voice willing to break with the current market consensus that the Federal Reserve will raise interest rates just twice in 2018.
November 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. Post include items such as this from today: “12:40 p.m.: Sources are telling Fast Company that Apple (AAPL) and Intel (INTC) are working together on a 5G wireless modem to go into future iPhones. Qualcomm hs been Apple’s iPhone modem supplier of choice since 2011 but that relationship has soured on an ongoing battle over royalty payments. Getting this 5G modem into the iPhone is close to a must win for Intel if the company hopes to increase its share of the wireless chip market.”
November 16, 2017 | Daily JAM, Morning Briefing, Short Term |
Today the Standard & Poor’s 500 stock index added 0.8%, the Nasdaq Composite climbed to a new all time high and the Russell 2000 small cap index rose 1.6%.The action put an end to what I’d call a “market wobble” that had seen the S&P 500 fall in four of the last five trading sessions. Volatility had been rising during that period with the implied volatility in the S&P 500 futures market climbed to plus/minus 30 points for this week from just plus/minus 20 points last week. But the very solid move today says that “Buy on the Dip” remains in force.
November 15, 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. Items in this miniblog include posts like this today: “CNBC discusses comments from analysts who are speculating that Apple (AAPL) might introduce video streaming service to compete with Netflix (NFLX). Apple opened lower this morning to close last week’s bullish gap along the 168.50 area.”
November 15, 2017 | Daily JAM, Morning Briefing |
The Labor Department reported today that headline inflation, the all items version of the Consumer Price Index, rose 0.1% in October to a year over year rate of 2.0%. The core Consumer Price Index, which excludes more volatile food and energy prices, rose 0.2% in the month and is now up 1.8% year over year. This is the first increase in the core index after five months where readings were stuck at an annual rate of 1.7%.
November 14, 2017 | ALV, Daily JAM, Stock Alerts |
On October 26 Autoliv (ALV) reported third quarter earnings of $1.47 a share, 12 cents a share above the Wall Street consensus. Revenue climbed just 1.6% year over year to match the analyst projection at $2.5 billion. The problem in the quarter was revenue growth--or...
November 14, 2017 | Daily JAM, FANUY, Stock Alerts |
The International Federation for Robotics latest report forecasts a 15% compounded annual growth rate for global shipments of industrial robots through 2020. That would follow 16% to 18% annual growth in 2016-2017. By 2020 annual unit shipments are estimated to reach...
November 14, 2017 | Daily JAM, LNG, Stock Alerts |
Today Cheniere Energy (LNG) reported a loss for the third quarter of $1.24 a share, 74 cents a share worse that the Wall Street consensus. Revenue climbed 202% hear over year to $1.4 billion against Wall Street projections of $1.27 billion. The company also issued...
