August 23, 2019 | Daily JAM |
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. Today moved...
August 23, 2019 | Daily JAM |
That didn't take long. This afternoon President Donald Trump said he would raise tariffs to retaliation to this morning's move by China to impose a new 10% tariff on $75 billion in U.S. exports to China. Trump's move would increase tariffs already in effect on $250...
August 23, 2019 | Daily JAM, Short Term |
Good news and bad news for investors betting on a signal of lower interest rates from the Federal Reserve in Jerome Powell's speech at today's Jackson Hole central bank festival Financial markets were hoping that Powell would indicate that the Fed is thinking about a...
August 23, 2019 | Daily JAM |
In a Twitter post today, U.S. President Donald Trump asked, “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” It's not really surprising that Trump based the Federal Reserve chair today. Indications are that Trump was disappointed that Powell...
August 23, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility |
Xi Jinping and Donald Trump upstaged Federal Reserve chair Jerome Powell this morning. Powell's Jackson Hole speech this morning was supposed to be the day's big market event. (More on this speech in a later post.) But this morning China announced that it would...
August 22, 2019 | AAPL, Daily JAM, Stock Alerts |
Two big clouds of doubt hover over shares of Apple (AAPL). First, will the continuing U.S.-China trade war take another bite out of Apple's China revenue? And/Or disrupt Apple's China supply chain, saddling the company with higher tariffs on its made in China iPhones?...
August 22, 2019 | Daily JAM, Morning Briefing, Short Term |
The financial markets aren't backing off. They're pricing in high odds of another 65 basis points to 75 basis points in interest rate cuts by the end of 2019. That means a 25 or 50 basis point cut at the September 18 meeting followed by another 25 to 50 basis point...
August 21, 2019 | Daily JAM, Long Term, You Might Have Missed |
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August 21, 2019 | Daily JAM, Mid Term |
August trading volumes are really, really low. On Monday and Tuesday trading in the SPDR S&P 500 ETF, a popular vehicle for trading the stocks in the Standard & Poor's 500, averaged 52.6 million shares, about 31% lower than the average volume over the last 30...
August 21, 2019 | Daily JAM, Morning Briefing, Short Term |
The financial market didn't get what it had hoped for out of today's release of the minutes from the Federal Reserve's July 31 meeting. The market was hoping for something in the minutes that pointed toward a shift in Fed policy toward an extended cycle of interest...
August 20, 2019 | Daily JAM |
I've finally finished my complete list of sells in Step #2 of getting ready for the Next Big One. I've added them all to the complete Special Report that you can find in the Special Reports section of the site but I thought I'd also make them more accessible by...
August 20, 2019 | Daily JAM, Morning Briefing |
It didn't take much to end the optimism of the past few days and turn the market at least mildly pessimistic today. U.S. Secretary of State Mike Pompeo told CNBC this morning that Huawei Technologies isn't the only Chinese company that poses security risks to the...