October 31, 2020 | Daily JAM, Short Term |
... who knows? We do know that Tuesday is election day. But beyond that? We also know that the financial markets will react not just to the outcome of the election--victory for Donald Trump or Joe Biden--but also to the nature of the election process. Markets are...
October 30, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The Standard & Poor's 500 closed down 1.21% today and the Dow Jones Industrial Average dropped 0.59%. The NASDAQ Composite was lower by 2.45% and the NASDAQ 100 fell 2.54%. The Russell 2000 small cap index tumbled by 1.96%. The rising tide of new coronavirus...
October 29, 2020 | Daily JAM, RWM, Volatility |
Intended as insurance against a big market drop, my Puts on American Airlines (AAL) and Vale (VALE) have moved into the black in the last two days. My Puts on MGM Resorts International (MGM) could follow--the stock dropped 5.55% in after-hours trading yesterday on a...
October 29, 2020 | Daily JAM, RWM, Short Term, Volatility |
Yesterday, October 28, I posted that I would put off buying more downside protection against volatility in this nervous market for one more day. The plunge in stocks on Wednesday made downside protection more expensive--fear increases the demand for downside...
October 29, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
As of the close today, October 29, the Standard & Poor's 500 was up "just" 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say "just" because after yesterday's 3.53% drop in the index that move today is a...
October 28, 2020 | Daily JAM |
Today both France and Germany returned to national lockdowns to fight the latest surge in coronavirus cases. That, I think, more than increase in virus cases is what drove today's selling. Investors are afraid that we're returning to the months when countries shut...
October 28, 2020 | Daily JAM, Morning Briefing |
I was going to add more downside protection today but I'm putting any Put or short ETF buying off for a day or so--until I see how disruptive to the current downward trend tomorrow the first read on third quarter GDP, to be released tomorrow before the market open by...
October 27, 2020 | Daily JAM, Morning Briefing, Volatility |
What I like to see--if I'm on the long side of stocks--after a drop like yesterday when the Standard & Poor's fell 1.86% for its biggest loss in a month and the Dow Jones Industrial Average gave up 2.29%--is a bounce that speaks to investors and traders thinking...
October 27, 2020 | Daily JAM, Special Reports |
Before the coronavirus pandemic, I used to eat breakfast a couple of times a week at the Manchester Diner a few blocks from my house. Then one day the diner just closed. Common enough in New York City where small local restaurants can go out of business over night...
October 26, 2020 | Daily JAM, Morning Briefing |
I think the calendar will call the shots in the stock market for the next four to six weeks. And that's why I think momentum has shifted toward sellers rather than buyers. I know that today's drop--the Standard & Poor's 500 closed down 1.86% and the Dow Jones...
October 25, 2020 | Daily JAM |
...huge numbers of earnings reports in the coming week with 93 on Monday, 178 on Tuesday, 319 on Wednesday, 397 on Thursday, and 81 on Friday. Let me pick out a few that have extra significance. On Tuesday Microsoft (MSFT), Advanced Micro Devices (AMD) and Caterpillar...
October 23, 2020 | ALV, Daily JAM, IFNNY, Jubak Picks, NJDCY, NXPI, Top 50 Stocks, Volatility |
Autoliv (ALV) reported third quarter earnings per share of either $1.48 (non-GAAP) or $1.12 (GAAP). (GAAP is generally accepted accounting principles.) Â That consensus was $1.09 a share on Wall Street. Revenue of $2.04 billion was in line with expectations and up 0.5%...