August 5, 2019 | Daily JAM, Mid Term |
For the last few weeks I've been working to shift gears in my online portfolios in anticipation of a tougher market after the Federal Reserve meeting (and a likely additional interest rate cut) on September 18. I've added Treasury ETFs--the Vanguard Intermediate-term...
August 1, 2019 | Daily JAM, Mid Term, Morning Briefing, Volatility, You Might Have Missed |
So much for any hopes that the resumption of U.S-China trade talks would put an end to the tariff war in anything like the near term. The new round of talks only began on Wednesday, was adjourned after a day, and was scheduled to resume in Washington in September....
July 17, 2019 | Daily JAM, Mid Term, Morning Briefing |
According to Dow Theory the transportation index leads the Dow Jones Industrial Average higher and lower. A divergence between a climbing Dow Industrial Average and a falling Down Jones Transportation Average (DJTA) is an indicator of trouble to come. And that...
July 15, 2019 | Daily JAM, Mid Term |
Okay, we all know that the current rally that has pushed U.S. equities to one record after another is built on cheap money. That is on a Federal Reserve that has promised to cut interest rates one, two, or maybe even three times in 2019. And on a hope on Wall Street...
July 11, 2019 | Daily JAM, Mid Term |
Looking at what I called "the shortish short term" in a post yesterday, I said that in that time frame the market is likely to behave as if nothing much matters besides the Federal Reserve and interest rate cuts. The logic, I argued, works like this: We're in the...
July 11, 2019 | Daily JAM, Mid Term |
For this new round of U.S.-China trade talks--with no schedule for the first meeting yet in place--the Chinese have shaken up with negotiating team by adding Commerce Minister Zhong Shan, regarded by some White House officials as a hard-liner, to Chinese Vice Premier...
July 2, 2019 | Daily JAM, Mid Term |
Christine Lagarde will move from heading the International Monetary Fund to take over the helm at the European Central Bank from outgoing President Mario Draghi. I think this is a generally positive piece of news. First, putting Lagarde in the chair means that...
June 14, 2019 | Daily JAM, Friday Trick or Trend, Mid Term |
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. I think there...
June 13, 2019 | AAPL, Daily JAM, Mid Term, Stock Alerts, Volatility |
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...
June 12, 2019 | Daily JAM, Mid Term, Morning Briefing |
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...
June 11, 2019 | Daily JAM, Mid Term, VALE, Volatility, You Might Have Missed |
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...
June 3, 2019 | AMZN, Daily JAM, FB, GOOG, Mid Term, Volatility, You Might Have Missed |
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...