June 29, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday this week due to a clerical error, I'm sure) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run...
June 29, 2018 | Daily JAM |
Lots of activity in this portfolio since I last reported on its cash level. There have been sells of MGM Resorts International (MGM), Starbucks (SBUX), and Arco Dorados (ARCO). I've made buys of Microsoft (MSFT), Lionsgate Entertainment (LGF/A), and Valero (VLO). At...
June 29, 2018 | 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...
June 29, 2018 | BAC, Daily JAM, Morning Briefing |
With most of the country's banks passing the Federal Reserve's latest stress test yesterday--which leaves them free to increase dividends and buy back more shares--the financial sector is leading the markets higher this morning. As of 11 a.m. New York time the...
June 28, 2018 | Daily JAM, Short Term, Volatility |
So much negative uncertainty from big possible events. Such strong short term earnings fundamentals. How will these all balance out? Before I get to my take on the answer to that question let's take a brief stop to look at what a baseline scenario is and why putting...
June 28, 2018 | Daily JAM, Morning Briefing |
The third revision for first quarter GDP, announced this morning, continued the pattern of lower growth with each update. The third revision showed annual GDP growth in the first quarter slowing to 2.0% from a prior 2.2%. Financial markets ordinarily don't care much...
June 27, 2018 | Daily JAM |
Yesterday and for the first part of today, U.S. stocks moved higher on hopes of lessening tensions between the United States and China over trade and investment. Specifically, stocks moved up after President Donald Trump said he would stick with the existing mechanism...
June 27, 2018 | Daily JAM |
Want to know how high oil can go? So do the oil markets, frankly. West Texas Intermediate closed today at $72.32 a barrel, up another 2.54%. The U.S. crude benchmark stood at $64.19 on June 15. That's a gain of 12.7%. Lurking in the wings is a demand by the Trump...
June 27, 2018 | Daily JAM, Morning Briefing |
As of noon New York time today, U.S. benchmark West Texas Intermediate is up 3.30%. International benchmark Brent is ahead 2.41%. The climb follows on data from the Energy Information Administration showing a huge draw of 9.9 millions barrels in U.S. crude stockpiles...
June 26, 2018 | Daily JAM, Morning Briefing |
The Canadian government will slap a combination of quotas and higher tariffs on steel imports from China, South Korea, Brazil and Turkey. This is a major step beyond the retaliatory tariffs announced by U.S. trading partners in response to higher U.S. tariffs of 25%...
June 25, 2018 | Daily JAM |
The accident last week at the giant Syncrude plant in Alberta wasn't the biggest event for global oil markets last week. That honor still goes to the OPEC decision to expand production by a net 700,000 barrels a day. But for U.S. and Canadian oil markets the accident,...
June 25, 2018 | Daily JAM, Mid Term, Morning Briefing |
Last week the market consensus was that all the moves to raise U.S. tariffs on goods from China, the European Union, Canada, and everyone else in the world--were just parts of a negotiating strategy by President Donald Trump. Certainly we weren't on the path of some...