June 14, 2018 | Daily JAM, Notes You Need |
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June 14, 2018 | Daily JAM |
Monthly figures continue to show that China's growth rate is in a very gentle downward trend--the People's Bank doesn't seem to be worried though In May retail sales grew by 8.5% year over year. That was below the 9.6% growth expected by analysts surveyed by...
June 14, 2018 | Daily JAM, Mid Term, Morning Briefing |
At today's meeting, the European Central Bank agreed to phase out its bond buying by the end of 2018 with purchases of $17.7 billion (15 billion euros) in each of the final three months of the year. (Bond buying will continue at the current rate of 30 billion euros a...
June 13, 2018 | Daily JAM, LGF/A, Stock Alerts |
Yesterday after the close of trading Judge Richard Leon gave the go-ahead to AT&T's (T) acquisition of Time Warner, the owner of HBO and other content. The ruling is a green light to other vertical mergers in the media sector. The judge rejected the government's...
June 13, 2018 | Daily JAM, Short Term |
No surprise here: The Federal Reserve raised its benchmark short term interest rate by 25 basis points to 2% today from 1.75%. It was the second interest rate increase of 2018. But the Fed also signaled that it was more likely to raise rates two more times in 2018 for...
June 13, 2018 | Daily JAM, Morning Briefing |
Today, the market is betting, the Federal Reserve's Open Market Committee will raise its benchmark short term interest rate by 25 basis points to 2% from 1.75. The Fed will also say things, in its statement and Fed chair Jay Powell's press conference, about the number...
June 12, 2018 | Daily JAM, EQNR, Mid Term, Special Reports, TS, Volatility |
So let's say you find my argument that we're now in a Late Cycle Market with a credit crisis looming sometime in the next 2 to 3 years. You think you can see a classic Minsky Movement approaching as lenders and investors take on more risk--after all what can go...
June 12, 2018 | Daily JAM, Morning Briefing, Short Term |
The summit between U.S. President Donald Trump and North Korean dictator Kim Jong Un produced nothing of import, apparently meeting financial market expectations for "much ado about nothing," and all eyes on Wall Street have shifted to what I'm calling Central Bank...
June 11, 2018 | Daily JAM |
Maybe you missed it amidst all the noise about the G7 meeting and the summit with North Korea, but... Argentina has asked the International Monetary Fund (IMF) for a $50 billion loan to support the country's economy and currency. The IMF is expected to approve the...
June 11, 2018 | Daily JAM, Mid Term, Volatility, You Might Have Missed |
So there I was, minding my own business, walking down Broadway in my neighborhood, and what do I see in the window of a local bank: An offer for 3% on a five-year CD. Now this wasn't in the window of one of the megabanks that dominate this sector in New York. But it...
June 11, 2018 | Daily JAM, Morning Briefing, Short Term |
At 2 p.m. New York time the Standard & Poor's 500 stock index was up 0.3%. The Dow Jones Industrial Average was ahead 0.22%. And the NASDAQ Composite index had inched higher by 0.27%. Which is surprising given that the Group of 7 meeting ended Saturday with the...
June 8, 2018 | Daily JAM, EWZS, Stock Alerts, Volatility |
Back when I bought the iShares MSCI Brazil Small Cap ETF (EWZS) the idea was that Brazil was in comeback mode with interest rates and inflation coming down. By buying the small cap ETF in my Volatility Portfolio rather than the big-cap iShares MSCI Brazil ETF (EWZ)...