November 11, 2018 | Daily JAM |
... oil, now in a bear market, to rally on news that at this weekend's OPEC meeting Saudi Arabia announced that in December it will export (and produce) 500,000 fewer barrels of oil a day than in November. Expect the market response to be relatively modest, though, as...
November 9, 2018 | Daily JAM |
I've written more than once about my conviction--and consequent worry--that we're headed for a global credit crunch sometime in the next three to four years. I'm looking for the kind of Minsky Moment that sees financial markets go into chaos as global liquidity...
November 9, 2018 | Daily JAM, Stock Alerts, Volatility, XON |
Back in my video "Biotech marijuana: What Took So Long?" on October 22, I said that I would buy shares of Intrexon (XON) if it closed above resistance. On yesterday's earnings miss, the shares plunged--forget about closing above resistance--by 18.38% to $10.79 as of 3...
November 9, 2018 | Daily JAM, Videos |
JIM’S VIDEO: Most years the January Effect kicks in during December. This year it looks to me like the January Effect rally in Small caps started exceptionally early – on November 1.
November 9, 2018 | Daily JAM, Morning Briefing |
The 3.1% year over year growth in average hourly wages reported for October is, by itself, enough to convince the Federal Reserve that an increase in inflation, long awaited with concern, is visible on the horizon. Today's jump in the Producer Price Index (PPI) for...
November 8, 2018 | Daily JAM, VIX, Volatility |
The trend is still down, in my opinion, despite today's slight gain in the volatility index. The CBOE S&P 500 Volatility Index (VIX), often called the "fear index" because it measures how much traders and investors are willing to pay to hedge risk in the S&P...
November 8, 2018 | Daily JAM, Stock Alerts |
On Monday, after the close of the New York market, Permian Basin oil shale power Pioneer Natural Resources (PXD) reported third quarter earnings of $2.07 a share, 39 cents a share above the Wall Street consensus projection. Revenue climbed 112.2% year over year to...
November 8, 2018 | Daily JAM, Morning Briefing |
The U.S. Energy Information Administration yesterday reported that U.S. crude oil production climbed to a record 11.6 million barrels a day in the week ended November 2 and inventories at the Cushing, Oklahoma hub rose by 5.78 million barrels on the week. U.S....
November 7, 2018 | Daily JAM, Morning Briefing |
To mangle Tolstoy: “All one-party Congresses are alike; each divided Congress is divided in its own way.” Today the U.S. stock market is in love with yesterday's election results. Those results removed uncertainty. Eliminated the chance--slight though it was--that the...
November 6, 2018 | Daily JAM, IWM, Stock Alerts |
In my Special Report "How to Protect Our Portfolio Without Selling Your Portfolio" I made the iShares Russell 2000 ETF (IWM) my third Portfolio Protection Pick. Today I'm adding it to my Jubak Picks portfolio. The idea here is pretty simple: To make some money in the...
November 6, 2018 | Daily JAM, Mid Term, Morning Briefing |
Remember last week when markets got all optimistic at the possibility that U.S. President Donald Trump and China's President Xi Jinping would be able to hammer out an end to the U.S.-China trade deal when they meet at the Group of 20 meeting in Buenos Aires on...
November 5, 2018 | AAPL, Daily JAM, Stock Alerts, Volatility |
Let's see. You're a company running into serious global headwinds in a maturing (or mature market) that are raising huge doubts about your ability to increase unit sales quarter to quarter for your core product. You: a) Grimly admit that unit sales are stagnant and...