Mid Term
Chip recovery keeps slipping further away, Broadcom says
Today Broadcom (AVGO) cut its annual sales forecast, saying that the U.S.-China trade war will wipe out the rebound in orders that it had predicted for the second half of 2019. Revenue at the chipmaker for fiscal 2019 will be $22.5 billion instead of the $24.5 billion...
Oil falls to lowest level in five months; Brent breaks below $60 a barrel
Oil slumped to its lowest in almost five months and international benchmark Brent crude book below $60 a barrel today, June 12. U.S. benchmark West Texas Intermediate fell 4% today to $51.14 a barrel, threatening the $50 a barrel psychological benchmark. Brent fell...
Emerging markets rally? With global economic worries? With U.S.-China trade war still active?
There are so many currents and counter currents in this market that it makes New York's historically turbulent tidal estuary Spuyten Duyvil look like the turtle pond at 104th Street in Central Park near my house. For example, today, while the general market worried (a...
FANG techs (plus more) fall on news of investigations
Both Congress and government regulators are taking aim at big tech. The House Judiciary Committee is planning an investigation into whether digital platform companies are using their market power to harm competition. The Federal Trade Commission is taking the lead in...
Buying this Vanguard Treasury ETF on Monday for my ETF Portfolio–and for my Jubak Picks and Volatility portfolios
Today I sold the iShares MSCI Emerging Markets ETF (EEM) out of my Perfect 5 ETF Portfolio. And today I'm replacing it in that portfolio with the Vanguard Intermediate Term Treasury ETF (VGIT). Now obviously a Treasury bond ETF isn't in the same asset class as an...
Trick or Trend: China’s economy slowed in May but I don’t think that brings us closer to an end to the trade war
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday 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....Are both Trump and Xi in danger of misreading the politics of the trade war?
Granted it's only a song. But "Trade War," an ultrapatriotic trade war song, is going viral in China. (And please remember that nothing goes viral on social media in China these days unless the government wants it to go viral.) The song by retired Chinese official...
What if they started a war in the Middle East and nobody noticed? (For a while anyway)
What if they started a war and nobody noticed? That's not a random "If a tree falls in a forest...) philosophical question. We moved closer to a shooting war in the Persian Gulf today and with all eyes trained on the U.S.-China trade war, the conflict where somebody...
Market falls as China retaliates for U.S. tariff hike on Friday
On Friday, the Trump administration raised tariffs on $200 billion in Chinese exports to the United States to 25% from 10%. The move, the administration said, was in response to Chinese efforts to walk back provisions the country had agreed to, according to the White...
Is China the Bizarro Goldilocks market with more downside ahead?
We're all used to the U.S. Goldilocks market. Growth is just enough but not so hot that it spurs inflation or convinces the Federal Reserve to raise interest rates. And so stocks keep climbing. China has its own version of the Goldilocks market--but it's a...Another analyst capitulates to “fear of being left out”
If this market runs out of bears, I think it's in trouble. And today one of the market's few remaining bears capitulated to the rally. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the Standard & Poor's 500 Index to...Jim’s Stock Alerts
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