May 31, 2019 | Daily JAM, Friday Trick or Trend, Mid Term |
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....
May 31, 2019 | Daily JAM, Short Term |
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...
May 31, 2019 | Daily JAM, Long Term, Morning Briefing |
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...
May 30, 2019 | Daily JAM, DE |
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....
May 30, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
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...
May 29, 2019 | Daily JAM, Morning Briefing |
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...
May 27, 2019 | Daily JAM, Long Term |
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...
May 27, 2019 | Daily JAM, Morning Briefing |
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...
May 26, 2019 | Daily JAM |
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...
May 25, 2019 | Daily JAM |
... 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...
May 25, 2019 | Daily JAM, Mid Term |
Granted it's only a song. But "Trade War," an ultrapatriotic trade war song, is going viral in China. (And please remember that nothing goes viral on social media in China these days unless the government wants it to go viral.) The song by retired Chinese official...
May 24, 2019 | Daily JAM, Friday Trick or Trend |
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. This past...