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Archive for July, 2019

Treasury says debt sales to remain at record levels for rest of 2019

Can you connect the dots? No one in Washington seems to be willing to make the effort. On a day when the Federal Reserve said it would cut its benchmark interest rate by 25 basis points and end its efforts to sell some of the bonds in its own portfolio two months ahead of schedule--both […]

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Making Qualcomm my fourth bottom fishing pick in my Special Report

Shares of Qualcomm (QCOM) ended trading today at $73.16 in the regular session, down 2.21%, and then fell another 4.76% in the after-hours session to $69.68. The stock traded at a 2019 high of $89.29, so today's price represents a 22% drop from this year's high. The stock traded at a 2018 high of $75.09 […]

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Fed cuts interest rates by 25 basis points; financial markets want more, more, more

Today the Federal Reserve's Open Market Committee cut the Fed's benchmark interest rate by 25 basis points. That's pretty much what the financial markets had been expecting--although a sizable minority of investors and traders had been hoping for a deeper cut of 50 basis points. Stocks fell, not so much on the results of the […]

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Updating First Quantum Minerals in my Volatility Portfolio and making it #3 in my bottom fishing Special Report

First Quantum Minerals (FQVLF) is tricky for bottom fishers. If the challenge with Illumina (ILM), my #2 pick for my 5 Bottom Fishing Picks Special Report,  is figuring out when the bad news will all be in the stock--hence making it a good buy for bottom fishers, the challenge for First Quantum Minerals is when […]

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President Trump bashes China as trade talks resume

At the least the timing seems odd. Unless, of course, you believe, as President Donald Trump may, that China and its President Xi Jinping can be bullied into a trade deal. Speaking with reporters outside the White House as he headed for Jamestown, Virginia, Trump criticized China for its failure to step up buying of […]

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Bonus Special Report: My Five Picks for Bottom Fishing

I've finished my Special Report 5 Value Picks for a Market at Record Highs. (The five picks, for the record were Disney (DIS), DuPont (DD), Constellation Brands (STZ), China Mobile (CHL), and Tyson Foods (TSN). You can find this special report with information on each stock and the logic behind my pick, by clicking on […]

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Wall Street falling “in like” with gold

We don't know--precisely--what the Federal Reserve will do at the meeting of its interest-rating-setting Open Market Committee on Wednesday July 31. The odds on the CME FedWatch Tool say there's a 100% chance of an interest rate cut but there's still disagreement about whether the cut will be "a business as usual" 25 basis points […]

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Saturday Night Quarterback says, For the week ahead expect…

... an interest rate cut from the Federal Reserve at its July 31 meeting. That market sure expects the Fed to reduce rates. The CME FedWatch Tool placed the odds of an interest rate cut at 100% on Friday. That means that the market has priced in a drop in interest rates. And that unless […]

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Trick or Trend: Despite the good news from consumers, the U.S. manufacturing sector slips into a “technical recession”

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. The overall U.S. economy grew at a better than expected 2.1% year over year rate […]

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Goldilocks is alive and well, thanks to the U.S. consumer

The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today's number is stronger than expected but still very much weaker than first […]

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