August 7, 2018 | Daily JAM, Morning Briefing, Short Term |
Stocks in Hong Kong and Shanghai rallied strongly today, Tuesday August 7, after The China Daily, citing an unidentified official at the National Development and Reform Commission, reported that the government would roll out more policies to improve investor appetite...
August 6, 2018 | Daily JAM, Short Term |
...a week with much less surface excitement but a big potential market mover under the radar of most investors and traders. Still lots of earnings announcements this week but we're done with the real exciting news from the likes of Amazon (AMZN), Facebook (FB) and...
August 6, 2018 | Daily JAM, Mid Term, Morning Briefing |
The pound is down today against the dollar on Brexit fears. And the euro is also lower against the U.S. currency on a surprise slump in German economic growth. Not good news for U.S. exports to Europe (which get pricier as the pound and euro fall) or for a global...
August 3, 2018 | Daily JAM, FCX, FQVLF, Friday Trick or Trend, LNG |
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. Today,...
August 3, 2018 | Daily JAM |
This morning the Bureau of Labor Statistics reported that the U.S. economy added 157,000 jobs in July. That was significantly below the 190,000 economists surveyed by Briefing.com had predicted. But before you panic, please note that the government's statisticians...
August 3, 2018 | Daily JAM, Morning Briefing, Short Term |
What's the relationship between the slide in the Chinese yuan--now down 6% since the start of the summer--and the tariff war between the United States and China? The Trump administration clearly believes that the drop in the yuan is a provocation, another example of...
August 3, 2018 | Daily JAM, Morning Briefing |
The White House will not be amused at the continued trend in the currency markets. Overnight the overseas yuan lost more ground against the dollar. China's currency finished down 0.1% to 6.8890 to the dollar. The yuan had been down as much as 0.8% against the dollar....
August 2, 2018 | AAPL, Daily JAM, Stock Alerts |
If Apple (AAPL) hadn't climbed to become the first $1 trillion company by market cap, these flaws probably wouldn't be worth talking about. But when investors and traders have driven a stock's valuation up to these levels--in clear anticipation that someone not too...
August 2, 2018 | Daily JAM, Mid Term, Volatility, You Might Have Missed |
Yesterday the Treasury Department said that it will raise long-term debt issuance to $78 billion this quarter. That would be an increase from the $73 billion in sales last quarter and the third consecutive quarterly increase. The increased sales of Treasury debt are...
August 2, 2018 | Daily JAM, Mid Term, Morning Briefing |
U.S. markets shrugged off worries about a more serious U.S.-China tariff war after the Trump administration said it would push ahead with plans to impose 25% tariffs on an additional $200 billion in Chinese imports. That rate is up from an earlier proposal for a 10%...
August 2, 2018 | Daily JAM, Morning Briefing, Short Term |
On Wednesday President Donald Trump ordered the administration's trade office to consider imposing a 25% tariff on $200 billion in Chinese goods imported into the United States. The previous tariff proposal from the White House would have imposed a 10% tariff. Today...
August 1, 2018 | Daily JAM, Short Term, Volatility |
Today Federal Reserve left its benchmark interest rate at 1.75% to 2.00% and described the U.S. economy in terms that make an interest rate increase at the central bank's September 26 meeting a virtual certainty (absent some startling news event). The CME FedWatch...