March 11, 2019 | Daily JAM, Morning Briefing, Short Term |
Headline retail sales rose 0.2% in January, the Census Bureau reported this morning. Economists surveyed by Briefing.com were expecting a 0.1% drop for the month. Retail sales excluding autos rose 0.9% for the month against a consensus projection of a 0.2% gain. Motor...
March 10, 2019 | Daily JAM |
...economic reports that hit the financial markets' worry hot spots. None of these reports is so very important on its own that it could send the market on a downward trend. But with investors and traders looking for clues on the direction of the economy ahead of the...
March 9, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday 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. On Friday,...
March 8, 2019 | Daily JAM, Short Term, Volatility |
Overnight the Shanghai stock market, as measured by the Shanghai Composite Index, fell 4.4%. (Which took down other Asian markets. Hong Kong's Hang Seng Index was down 2.33%.) That's a substantial drop, no? Causes? First, a huge drop in China's exports. Exports fell...
March 8, 2019 | Daily JAM, Morning Briefing, Short Term |
The U.S. economy added only 20,000 jobs in February, the Labor Department reported this morning. Economists surveyed by Briefing.com had expected 173,000 jobs for the month. In January the economy added 304,000 jobs. The huge swing left economists and Wall Street...
March 7, 2019 | Daily JAM, Stock Alerts, VLO |
Valero Energy is the largest independent largest independent refiner in the United States. And it's also one of the best refiners in the world, period. But this just isn't a good time to be a refiner and the oil market has moved in ways that negate many of the...
March 7, 2019 | CTRP, Daily JAM, Stock Alerts |
Yesterday I posted that I would sell Ctrip International.com out of my Jubak Picks portfolio at the first sign that the stock's upward momentum had broken. Well, the New York traded ADS for Ctrip closed down 5.42% today. I think that counts as a break and I'm selling...
March 7, 2019 | Daily JAM, Morning Briefing, Short Term |
The European Central Bank announced a new stimulus package designed to reverse the slide in EuoZone economies. Today the bank announced that it had cut its forecast of EuroZone growth to 1.1% this year for a 1.7% forecast growth rate three months ago. The euro fell to...
March 6, 2019 | Daily JAM, Mid Term, Volatility, You Might Have Missed |
Yesterday, March 6, the OECD (Organization for Economic Cooperation and Development) joined the International Monetary Fund in warning that the global economy is slowing more than previously expected. "The global expansion continues to lose momentum," the OECD said in...
March 6, 2019 | CTRP, Daily JAM, Stock Alerts |
Way, way back on March 1 I wondered when it would be time to trim some China positions. The Shanghai market as a whole was up more than 14% in the last month. Sure, a potential U.S.-China trade deal offered the chance of a rally on the news, but Wall Street was...
March 6, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
In December the U.S. trade deficit widened to $59.8 billion from a revised $50.3 billion in November. Economists surveyed by Briefing.com had projected a December deficit of $57.8 billion. The December deficit is the widest monthly deficit since October 2008 during...
March 5, 2019 | Daily JAM, LNG, Stock Alerts |
At the moment everything is running Cheniere Energy's (LNG) way. Â And while natural gas remains a cyclical sector and subject to the ebbs and flows of the global economy, those catalysts are enough for me to make this the #8 pick for my Special Report: 10 stocks for...