Blog

Archive for the ‘Short Term’ Category

Buying ETF to short Russell 2000 (and U.S. economic growth) tomorrow to add more downside protection

Yesterday, October 28, I posted that I would put off buying more downside protection against volatility in this nervous market for one more day. The plunge in stocks on Wednesday made downside protection more expensive--fear increases the demand for downside hedges--and the uncertainty introduced by the release on Thursday of third quarter GDP growth figures […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Market overlooks GDP headlines today–mostly

As of the close today, October 29, the Standard & Poor's 500 was up "just" 1.17%. (The NASDAQ Composite had gained 1.64% and the Dow Jones Industrial Average had picked up 0.52%) I say "just" because after yesterday's 3.53% drop in the index that move today is a relatively restrained bounce. Especially after today's headlines […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Weekly new claims for unemployment dips–a bit

New claims for unemployment in regular state programs fell to 787,000 last week. Economists surveyed by Bloomberg had been expecting 875,000 for the week ended October 17. The total showed a drop of 55,000 from the revised figure of 842,000 for the prior week. The weekly figure was the lowest total since October 3 and the […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Some coronavirus stimulus math from the Senate–there are almost no Republican votes for a big new package

From the Washington Post today: "Sen. John Thune (R-S.D.) put Senate GOP antipathy to a deal costing between $1.8 trillion and $2 trillion in stark terms. “The dimensions of what they’re talking about today, I don’t think there are 13 Republicans for it. That’s my assessment based on the math,” Thune said Wednesday." With just […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Tomorrow, October 21, I’m adding Puts on iron producer Vale on likely increase in global supply surplus

Brazil's iron ore giant Vale (VALE)  reported on Monday, October 19, that it produced more iron ore than expected in the third quarter due to record volumes from newer mines in northern Brazil. This comes just ahead of a seasonal slowdown in demand from China. The company reported third-quarter production of 88.7 million metric tons, […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

McConnell urges White House not to strike a coronavirus stimulus deal with Peolosi

Even if House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin reach a deal on a new coronavirus rescue and stimulus package sometime in the next week or two, it will die in the Senate if Majority Leader Mitch McConnell has anything to say about it. Today at a private meeting with other Republican Senators, […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Stimulus optimism rally fades as stocks go into last hour of trading

The Standard & Poor's 500 was up by as much as 1.42% at 1:48 p.m. New York time today on hope that House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin would agree on a stimulus deal by Pelosi's deadline of the end of today for passing a bill by the November 3 elections. Pelosi […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Another day, another high for infections in U.S. coronavirus surge

On Friday, the daily total for new coronavirus cases in the United States hit 70,450. That's the highest daily figure since July 24.  At least nine states set single-day case records on Friday: Wyoming, Minnesota, Wisconsin, West Virginia, North Dakota, Indiana, New Mexico, Utah and Colorado. Globally cases have also surged with Friday showing a […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

At 898,000 this week’s initial claims for unemployment worse than expected

The number of new unemployment claims in regular state-run programs rose last week to a seasonally adjusted 898,000. That's up 50,000 for the prior week and the biggest increase in first-time unemployment claims since August. The economy has clearly stalled with new claims for unemployment remaining stubbornly above 800,000. Claims for Pandemic Unemployment Assistance, the […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.

Oil prices stall as Norway settles oil workers strike

Even as Hurricane Delta bears down on the Gulf Coast, oil prices fell today on news that oil workers in Norway had settled a strike that had shut down about 8% of the country’s production. The settlement will restore production at six fields already shut down by the strike and prevent an escalation to an […]

To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the site. And we'll throw in the first week free! If you change your mind during that first week, just cancel your subscription from your profile page, and you won't be billed anything.