January 7, 2025 | AAPL, ACAD, ADSK, AGN, ALB, ALV, AMZN, ARCO, ARGT, AUY, BABA, BG, BGC, BHP, BMY, CHK, CMI, CNI, COH, CSCO, CTRP, CX, Daily JAM, DD, DE, DHR, DWDP, DXJR, EBAY, EEM, EFNL, ENB, EUM, EWZS, FANG, FANUY, FB, FCX, FEZ, FLR, FLS, FTV, GDXJ, GE, GGAL, GLD, GLW, GOOG, HAIN, HDB, HP, INCY, ING, IONS, ITUB, IVV, JCI, JO, JOY, KBWB, KMI, LFL, LNG, LUX, MGM, Mid Term, MIDD, MON, Morning Briefing, MPC, MXF, NJDCY, NKTR, OGXI, OKS, PEP, PFXF, POT, PXD, PYPL, QCOM, RSPP, RYN, SDRL, SFTBY, SH, SLB, SPWR, SQM, STO, SYNA, TCEHY, TPR, TRGP, TS, V, VALE, VEA, Videos, VMC, VZ, WBK, WES, XOM, XYL, YPF, Z-SYMBOLS |
The Institute for Supply Management’s index of services advanced 2 points to 54.1 last month. That show of strength in the economy–readings above 50 indicate expansion–was enough to push stocks lower as the markets began to price in a delay in the next interest rate cut from the Federal Reserve until July The measure of prices paid for materials and services rose more than 6 points to 64.4, suggesting that the drop in the inflation rate in the service sector–about 70% of the U.S. economy–might be over.
January 6, 2025 | Daily JAM, Morning Briefing, Short Term |
Today the Washington Post reported that President-elect Donald Trump’s aides are exploring tariff plans that would amount to paring back–the Post’s characterization–the tariff plans that candidate Trump proposed on the campaign trail.
President-elect Trump immediately hit back on social media saying the Post story was made up and there were no such sources from his team.
January 5, 2025 | Daily JAM, Jubak Picks, Morning Briefing, NVDA, Top 50 Stocks |
Last year, Nvidia’s stock experienced a 16% increase over the 10 days following the beginning of the huge Consumer Electronics Show in Las Vegas. This year Nvidia (NVDA) CEO Jensen Huang is scheduled to deliver the opening keynote speech at 6:30 p.m. Las Vegas time. (That’s 9:30 New York time.) I’d expect a couple of volatile days for Nvidia shares following Huang’s talk.
January 4, 2025 | Daily JAM, Morning Briefing |
I expect another meandering week as the market waits on Friday’s jobs report for December and the beginning of earnings season on January 15.
January 2, 2025 | Daily JAM, Dividend Income, Jubak Picks, LNG, Morning Briefing, UNG |
And on the subject of natural gas.
On Wednesday, January 1 Russian energy company Gazprom said it was no longer sending gas across Ukraine because that country had decided it would not renew a deal allowing Russian gas to transit its territory. The action ends an energy supply route that dates back some 60 years.
About 5% of the supply of Europe’s natural gas flows through Ukraine. Despite the ongoing Russian invasion,Ukraine had continued to allow Russian oil and gas to cross its territory to serve its European neighbors. That generated revenue for Kyiv and Moscow to use in funding that war. This moves comes as the United States is facing a major cold wave that could persist into mid-January
December 31, 2024 | Daily JAM, Morning Briefing |
Despite ending 2024 with a serie of losing sessions–four down sessions in a row–the Standard & Poor’s 500 finished up 23% in 2024.
December 30, 2024 | Daily JAM, Morning Briefing |
Pending sales of U.S. homes increased for a fourth month in November to the highest level since early 2023. But why? That’s the key question. If it’s because potential buyers have given up waiting for the Federal Reserve to cut interest rates further, then this “good news” is another negative indicator for 2025
December 24, 2024 | Daily JAM, Morning Briefing |
Do you know how to tell it’s Christmas here in Venice?
December 23, 2024 | Daily JAM, Morning Briefing, Short Term |
Trading was thin for Christmas weeK. So time for Santa to put in an appearance on Wall Street? The Standard & Poor’s 500 finished near session highs, up O.79% to 5974. And Nvidia (NVDA), up 3.69%, and Meta Platforms (META), up 2.49%, helped drive an index of the “Magnificent Seven” megacaps up almost 1.5%.
December 23, 2024 | Daily JAM, Morning Briefing |
The Conference Board’s gauge of costumer confidence decreased to 104.7, data released Monday showed. It was the first drop in the survey in three months. The reading of 104.7 was well below the median estimate in a Bloomberg survey of economists. More troubling to me, the survey’s measure of expectations hit a five-month low.
December 21, 2024 | Daily JAM, Morning Briefing |
From the Washington Post: President Joe Biden signed a congressional spending bill into law on Saturday morning, putting to bed the threat of a potential Christmastime government shutdown and kicking the issue for a new Congress and a new president to address in the spring.
December 19, 2024 | Daily JAM, Morning Briefing |
It’s taken a while–what with the distraction of another potential government shut down. BUT IT’S ALL NOW AVAILABLE. You can find the complete version under the Special Reports tab.
