Blog

Archive for May, 2020

Saturday Night Quarterback says (on a Sunday), For the week ahead expect…

...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 official unemployment rate will surge to 19.6% in May. But […]

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Trick or Trend: Warning signs for the economy in Friday’s consumer spending report

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 U.S. consumer spending plunged by the most on record.  Household outlays fell 13.6% […]

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Bonus Special Report: 5 More Stocks for after the Coronavirus–second pick electric-motor maker Nidec

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 different world will yield BIG profits. I believe that too, by […]

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Oil rig count falls again

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. U.S. benchmark West Texas Intermediate gained […]

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Can stocks now count on a Trump Put?

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 President Trump about China, U.S. stocks had […]

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My Stock Pick of the Day: Xylem (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 need more of it. And human beings are […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Bonus Special Report: 5 More Stocks for after the Coronavirus–first pick robot maker Fanuc

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 world will yield BIG profits. I believe that too, by […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Fed survey says “new normal” isn’t going to look like “normal,” at least not soon

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 the Cleveland area the survey found only a third […]

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New claims for unemployment 2.12 million for week ended May 23

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 and marks the eighth straight weekly decline. Economists […]

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Rotation, rotation, rotation

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 traders, nervous about valuations, can decide to move to a more "reasonably" […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.