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Archive for August, 2018

Emerging market crisis pulls in India, Indonesia

The bad news is that the emerging market crisis that has sent financial markets plummeting in Argentina, Turkey, and Brazil has added India and Indonesia to its list of victims. The good news is that the inclusion of India and Indonesia is exactly what analysts and economists have been expecting. Like Turkey and Argentina, these […]

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White House lines up another $200 billion in China tariffs for next week

Just in case you were worried that the days after the Labor Day market holiday might be boring, well, worry no more. Sources in the White House are saying that President Donald Trump plans to move on tariffs on an additional $200 billion in Chinese imports quickly after the public comment period ends on September […]

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It’s back–the emerging market crisis that shook global markets just two weeks ago

Remember that emerging market crisis that whacked 10% out of the iShares MSCI Emerging Markets ETF (EEM) between July 31 and August 15--and even produced some anxiety in U.S. markets as the Standard & Poor's 500 fell 2.1% from August 7 through August 15? Well, it's back. (If, that is, it ever really went away.) […]

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U.S. stocks locked into melt-up mode

This morning the Standard & Poor's 500 stock index had tacked on another 0.56%, or 16.24 points, as of noon New York time, to move above 2900 for the first time to a new all-time high. The index is now up 3% in the last two weeks alone. There's good reason to look for a […]

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Selling Incyte calls at $95 now to re-buy after weekend at lower strike

Shares of Incyte (INCY), a member of my Jubak Picks portfolio, have been marching steadily higher in the last couple of weeks. The stock is 19.6% higher since the $61.75 low on August 6. And it's up another 2.06% today, Tuesday, August 28. But the call options I own in my Volatility Portfolio haven't done […]

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Asia rally on Mexico-U.S. trade announcement fades

Optimism engendered by yesterdays announcement of a preliminary trade agreement between Mexico and the United States initially drove Asian stock markets higher overnight. The Shanghai Composite, for example, climbed 10 points to 2791 in the first half hour of trading. No secret to the logic here: Any reduction in global trade tensions is good news […]

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Consumer confidence surveys point in opposite directions

This morning the consumer confidence survey from the Conference Board soared to the highest level since October 2000. The confidence index reading at 133.4 for August (up from 127.9 in July) beat all forecasts from economists surveyed by Bloomberg. The present conditions index climbed to 172.2, the highest since December 2000. The consumer expectations index […]

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White House announces trade deal with Mexico to replace NAFTA

If you're looking for a reason for U.S. stocks to keep climbing from current highs, this morning's event at the White House is a big deal. President Donald Trump announced that the U.S. and Mexico have reached a bilateral trade agreement that would replace the 1993 NAFTA agreement among the United States, Mexico, and Canada. […]

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Incyte beats on revenue, misses on earnings; reports good progress in pipeline

I am on vacation until August 26. I am using that downtime to catch up on some of the earnings reports I missed during the very busy second quarter earnings season. On July 30 Incyte (INCY) reported second quarter earnings of 26 cents a share, 4 cents below the Wall Street projection of 30 cents […]

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Randgold increases production, misses estimates on continued low price of gold

I'm on vacation through August 26. I'm using this downtime to post on some of the earnings results that I missed during the very busy second quarter earnings season. The relentless downward trend in the price of gold took a big bite out of shares of Randgold Resources (GOLD) in the second quarter. The company […]

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