December 11, 2019 | Daily JAM |
As expected the Federal Reserve held its benchmark interest rate steady at 1.5% to 1.75% today. The median forecast from Federal Reserve officials pointed to no change in interest rates through 2020. “Our economic outlook remains a favorable one despite global...
December 11, 2019 | Daily JAM |
Measures of volatility such as the VIX "fear index," the ratio of the implied volatility of S&P 500 put and call options, and the demand in the options market for protection against low-probability events, all say that investors and traders believe this is a...
December 11, 2019 | Daily JAM, Mid Term, Morning Briefing |
Wall Street is counting on the Federal Reserve to stay on the sidelines until September and then resume cutting interest rates. Some big money advisors are even counting on the Fed to cut interest rates again before September. Bloomberg ran an interview this morning...
December 10, 2019 | Daily JAM, PAC, Stock Alerts |
It certainly didn't hurt that House Democrats have agreed to support the revised U.S.-Mexico-Canada trade deal, and to put it to a vote before the end of this session of Congress on December 20. But neither did Grupo Aeroportuario del Pacifico's (PAC) preliminary...
December 10, 2019 | Daily JAM, Mid Term, Morning Briefing |
Washington, D.C. is the home of the surreal these days but the timing of the announcement by Democratic House Speaker Nancy Pelosi still raised eyebrows. Just minutes after the House committees investigating President Donald Trump voted two articles of impeachment,...
December 9, 2019 | ALB, Daily JAM, SQM, TCEHY |
In my set up to this Special Report: 12 Bargain Stocks NOW I laid out the reasons for adding some bargain stocks to a portfolio. (You can find that set up in my Special Report in the Special Reports pane on the home page of JubakAM.com. I'll add these picks to that...
December 8, 2019 | Daily JAM, Short Term |
Remember how back in September a spike in very short term overnight rates in the repo market kicked off volatility across the financial markets until the Federal reserve flooded that market with liquidity? Well, signs are that we could see the kind of spike in...
December 8, 2019 | Daily JAM, Morning Briefing |
China's total exports dropped 1.1% year over year in November, the country's customs administration said on Sunday. Total exports to the United States fell 23% year over year. That was the worst result for exports to the United States since February and a 12th...
December 8, 2019 | Daily JAM |
... central bank week. The Federal Reserve announces changes to U.S. benchmark interest rates on Wednesday, December 11. The central bank is expected to keep rates at current levels. The European Central Bank meets a day later, on Thursday, December 12. It too is...
December 6, 2019 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Sunday 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. First, chip...
December 6, 2019 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
December 6, 2019 | Daily JAM, Morning Briefing, Short Term |
The United States added 266,000 jobs in November and the official unemployment rate fell to 3.5%. The results were buoyed by the return to jobs of 41,300 General Motors workers after the settlement of that strike. But the November total was still impressively stronger...