May 31, 2020 | Daily JAM |
...that the big news of the week will be Friday's report on April jobs. Economists surveyed by Bloomberg are forecasting that the economy lost another 8 million jobs in May. That's after the loss of 20.5 million jobs in April. These economists project that the...
May 30, 2020 | Daily JAM, Friday Trick or Trend, Mid Term, You Might Have Missed |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday 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. In April...
May 29, 2020 | Daily JAM, NJDCY |
Just about everybody agrees that the world after the coronavirus pandemic and recession will look very different. And from what I've read every stock market guru worth his or her smart phone agrees that buying the stocks of companies that are "attuned" to that...
May 29, 2020 | Daily JAM |
Baker Hughes reported today that the number of rigs drilling for oil in the United States fell by another 15 to 222 this week. This is the 11th straight weekly decline. The total active rig count, which includes oil and natural gas drilling rigs, dropped by 17 to 301....
May 29, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
I think we witnessed the birth of a Trump Put on the stock market in today's Rose Garden press event that investors and traders can pin beside their terminals along with the Powell Put from the Federal Reserve. Ahead of what had been billed as an announcement from...
May 28, 2020 | Daily JAM, Stock Alerts, XYL |
Xylem (XYL) is that rare coin on raw market--a pure play water stock at a time when foresighted investors are looking for water stocks and realizing how few of them exist. (The basic water story is that Mother Nature isn't making more of it. Rising global populations...
May 28, 2020 | Daily JAM, FANUY |
Just about everybody agrees that the world after the coronavirus pandemic and recession will look very different. And from what I've read every stock market guru worth his or her smart phone agrees that buy the stocks of companies that are "attuned" to that different...
May 28, 2020 | Daily JAM |
Couple of important, if disheartening clues on what the "new normal" will look like when it arrives in Wednesday's release of the Federal Reserve's "Beige Book" survey of economic conditions for the 6 weeks ended May 18. Two results from the survey caught my eye: In...
May 28, 2020 | Daily JAM, Morning Briefing |
The stock market is seeing the glass as half full this morning. This morning the Labor Department reported that 2.12 million Americans filed new claims for unemployment in the week that ended on May 23. That is down from 2.45 million initial claims in the prior week...
May 27, 2020 | Daily JAM |
There's nothing basically wrong with rotation. It makes sense to move money from a sector that has appreciated rapidly and to nose-bleed levels to a sector that has lagged and now looks undervalued. Rotations can, however, also signal a topping market. Investors and...
May 27, 2020 | Daily JAM |
I remain a skeptic about how fast a re-opening of the economy in all 50 states will actually produce economic growth that's something like a return to normal. I realize, as the S&P cruises back toward the February high above 3,000, that my opinion is somewhat of a...
May 27, 2020 | Daily JAM, Morning Briefing |
Yesterday's rally in the Standard & Poor's 500, which pushed the index back over 3,000, sent the forward price to earnings ratio--that is the PE based on projected earnings per share for the stocks in the index--to 23.36. That's the highest level for the forward...