May 13, 2020 | Daily JAM, Short Term |
Yesterday Lebanon became the latest country to reimpose social distancing restrictions after easing those measures just two weeks ago when it looked like the spread of the virus was under control. Iran has ordered a county in the southwest to reimpose a lockdown. Iran...
May 13, 2020 | Daily JAM |
It will take more than a year, and perhaps several years, for oil demand to recover to what it was before the coronavirus pandemic, said Fatih Birol, executive director of the International Energy Agency ahead of Thursday's update on energy markets. Crude demand of...
May 13, 2020 | Daily JAM, Mid Term |
Yesterday, I argued that the barrage of cautionary comments from Federal Reserve officials seemed designed to talk stock prices lower and to push Congress toward a new bigger coronavirus rescue package. (Why might the Fed want to slow the current rally? The only...
May 13, 2020 | Daily JAM, Short Term |
As of 12:30 p.m. New York time today, U.S. stocks had continued their downward move of yesterday. The Standard & Poor's 500 was lower by 2.23% and the Dow Jones Industrial Average had tumbled 2.35%. The NASDAQ Composite was off 2.44% and the Russell 2000 small cap...
May 12, 2020 | Daily JAM, Morning Briefing |
The gaggle of Federal Reserve speakers opining on the economy and the coronavirus recession yesterday amounted to a full court press on stock prices and Congressional inaction on the coronavirus recession. The Fed could force Wall Street banks to cut dividends by...
May 12, 2020 | 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...
May 12, 2020 | Daily JAM |
Think of it as a first step toward a policy move and not as an actual plan for action. In its quarterly monetary policy report released Sunday, the People’s Bank of China said it will resort to “more powerful” policies to counter unprecedented economic challenges from...
May 12, 2020 | Daily JAM, Morning Briefing |
On March 23, the Federal Reserve announced that it would create a facility to buy corporate bunds and ETFs tracking the corporate bond market. That facility remained an all-talk/no-action vehicle until today when the New York Federal Reserve Bank announced that its...
May 11, 2020 | HBI, Stock Alerts |
No doubt about it--looking at the loss in my position in Hanesbrands (HBI) of 37.66% since I added it to my Dividend Portfolio on February 21, 2020 isn't pleasant. But since I hold this stock for its dividend payout, the gain/loss at the moment isn't the only...
May 11, 2020 | Daily JAM, GM, Stock Alerts |
On April 27, General Motors (GM) suspended its quarterly dividend. It's a smart move to save cash--about $1.6 billion in the remainder of 2020--but without a dividend the stock doesn't deserve a place in a dividend portfolio. I've waited for the dust to clear on that...
May 11, 2020 | Daily JAM |
On March 31 Wall Street analysts were projecting a decline in first quarter earnings of 6.9% for the stocks in the Standard & Poor's 500, according to Factset. As of May 8, with 86% of the S&P 500 reporting, the consensus projection for the quarter was a drop...
May 11, 2020 | Daily JAM, Morning Briefing, Short Term |
Due to a quirk in the Federal Reserve calendar, the central bank doesn't meet in May. (Next meeting June 10; last meeting April 29.) That means the Fed has lots of time to jawbone the financial markets and Congress in an effort to get Washington to provide more fiscal...
