Blog

Archive for May, 2019

Trick or Trend: China’s economy slowed in May but I don’t think that brings us closer to an end to the trade war

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. China's newest Purchasing Managers' Index for the manufacturing sector fell into contraction in May at 49.4 […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

China is working on its own black list in retaliation for U.S. ban on Huawei

The U.S. has required that Chinese telecom giant Huawei get a waiver before it can buy any U.S. technology, such as chips from Qualcomm (QCOM) and Broadcom (AVGO). And the U.S. government has threatened to slap those same restrictions on five Chinese companies that specialize in video surveillance and facial recognition. Well, China is looking […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

The importance of the 5% tariff that President Trump just slapped on Mexico is way bigger than the number suggests

It's only 5%, Wall Street is saying today in what clearly sounds like an effort to convince itself when investors really know better. That unconvincing "happy talk" is why the Standard & Poor's 500 index was down only 1.24% at the close today, May 31. (I say "unconvincing" because the oil markets, which have been […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Just what farmers need–On top of China soybean trade chaos, bad weather devastates corn planting

So China won't buy the 10 million tons of U.S. soybeans it had promised to purchase as a good will gesture when it looked possible to push the U.S.-China trade war to a negotiated peace. The problems for U.S. corn farmers extend beyond soybeans and China, however.  Relentless rainfall in the Midwest is stopping planting […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Today it’s all trade war news all the time

Sometimes it's better to just weigh the news rather than try to analyze it. And that certainly seems to fit today's market action. Even though the major U.S. indexes managed slight gains as of the close today--the Standard & Poor's 500, for example, was ahead 0.21% and the Dow Jones Industrial Average edged higher by […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Bond traders test the Powell Put today

U.S. stocks dropped again today with the Standard & Poor's 500 index closed down another 0.69% to 2783.03. U.S. Treasury bonds rallied with the price of the 10-yer bond up enough to push the yield down to 2.21% for a drop in yield of 26 basis points in the last month. That was enough to […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

16 months on the S&P 500 with no gain–what’s it mean?

I have my theories about this--which I'll post tomorrow, Tuesday, May 28--and the facts certainly deserve an explanation. About 16 months ago on January 26, 2018 the Standard & Poor's 500 index closed at 2872.87. During the next 16 months, the markets would witness the extraordinary stimulus of the December 2017 tax cut. The United […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

No news is good news so far this weekend

U.S. financial markets are closed today for Memorial Day. (Can't help but think of my Dad who climbed telephone poles to string wire during World War II. "While they shot at me," he would say with a mixture of surprise and outrage. I'm sure you have someone(s) to remember today.) Going into the weekend, the […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

European Parliament elections so far: The middle loses and the far right and the greens win

The elections for the European Parliament, which ended Sunday, point to big losses for the coalition of the center that has held a majority in the Parliament for 40 years. Early results point to the European People’s party and the Socialists & Democrats together losing 92 seats compared to 2014. A new centrist liberal group is […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Saturday Night Quarterback says, For the week ahead expect…

... a test of 2800 on the Standard & Poor's 500. The index ended last week a 2826.66 but touched as low as 2820.46 at 11:17 a.m. New York time. It took the markets a while to push over 2800 and stay there with unsuccessful attempts on October 16, November 7, March 1, and March […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.