Mid Term
It’s important to remember on this down, down, down day that an earnings growth slump in 2019 and a 2019 recession aren’t the same thing
It's hard to take a step back on a day when the Dow Jones Industrial average closed down more than 700 points (and 3.10%), but that's exactly what I'm going to suggest. The huge sell off was driven by three major factors in my opinion. First, the U.S. stock market...
China’s banking system springing leaks all over
Take your pick. Either story shows the deep stress in China's banking system at a time when China's economy is already slowing. Story 1: After trying to regulate the Peer to Peer lending industry, Beijing has decided to shut down most of the $176 billion market,...
U.S. dollar continues to climb, creating downdraft for emerging markets and oil, and supporting Treasuries
The U.S. Dollar Spot Index (DXY) is up again today, climbing 0.66% to 97.053. Since the index that tracks the dollar against six other major trading currencies bottomed for 2018 back on February 15, the dollar has gained 8.72%. The bulk of those gains are even more...
China’s Xi pushes back on trade deal
Remember last week when markets got all optimistic at the possibility that U.S. President Donald Trump and China's President Xi Jinping would be able to hammer out an end to the U.S.-China trade deal when they meet at the Group of 20 meeting in Buenos Aires on...
‘Tis the season–well “seasons” actually–for end of year selling, portfolio window dressing, small cap rallies, and the January effect
So many trends get packed into the last three months of the year--and you shouldn't forget about any of them when it comes to buying and selling. (You'll find lots of information on these and other calendar trends in the Stock Trader's Almanac by Jeffrey and Yale...
Words, yuan from Beijing push two-day rally to 7%
Friday's disappointing GDP report did goad China's government to action to support the stock market and the economy, as I wrote that it would in my Friday post. Words from Chinese President Xi Jinping helped continue the surge in Chinese stock prices off a 4-year low....
Wall Street sees a Trump administration trade strategy: Let’s all gang up on China
Today Wall Street and trade analysts are saying that they see a grand strategy in the U.S.-Mexico-Canada trade deal announced yesterday, in the trade deal with South Korea, and in negotiations with Japan and the European Union. The goal, this analysis says, is to put...
China’s economy continued to slow in September so Shanghai stocks moved up
On Saturday the Chinese government and private surveys released more numbers showing that the country's economy was slowing. In September growth in China's manufacturing sector stalled after 15 months of expansion, according to the Caixin/Market Manufacturing...
Dollar fundamentals continue to erode
I don't think there's anything more important to financial markets--well, assuming we don't get some kind of completely off-the-wall black swan event--over the next three months or so than the strength or weakness of the dollar. My judgment on trends in the greenback...
Fed raises interest rates, locks in December increase, signals 3 moves in 2019
No surprise on a September interest rate increase from the Federal Reserve today--but some very aggressive signals on policy into 2019. The 25 basis point increase today raised the Fed Funds rate to a target of 2% to 2.25%. The economy remains solid; Â job growth has...
Special Report: 10 picks for the coming 19% to 44% emerging markets bounce–plus BONUS ETF PORTFOLIO allocations
Part 1: Getting ready for an emerging markets bounce All the portents (You know, sightings of white seabirds on the left as the king rides to the hunt, the witches of Endor issuing a "buy"call, strange voices in the darkest night near the swamps of the dead behind...Jim’s Stock Alerts
Download Jim’s eBook for Free
