Mid Term
Oil surges on no action at OPEC meeting
Today oil prices breached levels that have oil traders talking about $100 a barrel oil again on OPEC's decision at its weekend meeting not to boost oil production. U.S. benchmark West Texas Intermediate climbed 2.15% as of noon today, September 24, to move solidly...
Battle over bond yields, interest rates shifts to 2019
Remember back at the beginning of 2018 when bond investors and traders couldn't agree on whether the Federal Reserve would raise interest rates two times, or three times or four times in the year? (It wound up being four.) Well, we're looking at a replay of that...
Get 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 Aunt Tillie's house) are falling into place for a solid...
China cut buying of U.S. Treasuries in July–but what’s happening now?
Talk about frustratingly lagging data. China’s holdings of U.S. Treasuries fell to a six-month low in July, according to the latest data from the Treasury Department released today. The first found of U.S. tariffs went into effect on July 6. China’s ownership of U.S....
Oil climbs as Iranian exports plunge
West Texas Intermediate is up 1.32% to just below $70 a barrel ($69.82 at 3 p.m. New York time) today. International benchmark Brent crude is up 1.2% and is closing in on $80 a barrel ($78.99.) With almost 50 days to go before U.s. sanctions against Iran go into pull...
Is the next big tech stock thing, Chinese tech stocks?
There's some evidence that the money that has left big U.S. tech stocks such as Facebook (FB), Netflix (NFLX), Microsoft (MSFT) and Amazon (AMZN) on some recent days has been headed into big Chinese tech stocks such as Tencent Holdings (TCEHY), Alibaba (BABA), and...
My “best-estimate” scenario for the U.S. stock market for the next 60 days
Let's start with a perhaps less obvious question: Why 60 days? Because that will take us through the historically volatile months of September and October (when fear can beget fear) to the middle of November, which historically tends to mark a turn in the markets...
What if China actually welcomes the Trump administration’s tariffs?
China trade hardliners in the Trump administration, such as advisor Peter Navarro, have predicated their tariff campaign against China on the theory that hiking tariffs on more than $500 billion in Chinese exports to the United States (as proposed at the moment) will...
U.S. trade deficit climbs in July, deficit with China hits a record
Today, Wednesday September 5, the Department of Commerce reported that the U.S. trade deficit climbed to $50.1 million in July. (Economists surveyed by Bloomberg had projected a deficit of $50.2 billion.) That was up from $45.7 billion in June and the largest increase...
Special Report Update: 10 Best Stocks in 10 Sectors (Finally all 10 picks)
Sorry getting all 10 picks up took so long. But this Special Report is finally done. I've been arguing for months--and in two previous Special Reports that you can find on the JubakAM.com home page, "How to Invest in a Late Cycle Market" and "5 Place to Hide in this...
A bad day for European currencies
The pound is down today against the dollar on Brexit fears. And the euro is also lower against the U.S. currency on a surprise slump in German economic growth. Not good news for U.S. exports to Europe (which get pricier as the pound and euro fall) or for a global...Jim’s Stock Alerts
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