Short Term
Stocks give back morning rally as Trump administration seems far from an actual coronavirus stimulus plan
Stocks broke higher this morning on President Donald Trump promise to announce "something dramatic" at a press conference today to combat the slowdown in the economy caused by the coronavirus outbreak. The Standard & Poor's 500 was up 3.33% to 2844.16 at 10:12...
Take Wall Street traders complaints of a lack of liquidity today very, very seriously
Money managers are saying that it's increasingly difficult to trade due to a lack of liquidity caused by huge swings in asset prices. “I have yet to find liquidity,” Richard Hodges, a money manager at Nomura Asset Management, told Bloomberg. “There is none.” What this...
Stock futures, oil plunge signal rout on Monday open in New York; Treasury yields plummet (some more)
Futures contracts on the Standard & Poor's 500 sank by their limit of 5% from the Friday price fix as of 10:11 p.m. in New York. By the rules of the Chicago Mercantile Exchange futures were pinned at the reference price from th final 30 minutes of trading on...
Here’s what we know about the date of the next coronavirus spike in U.S.–and the next market panic
So far the United States has tested only about 500 people for the coronavirus. That's why the number of confirmed cases is so low. But U.S. testing capacity is rising quickly. Which is why the number of confirmed cases is climbing. And why it is about to spike. The...
Most likely stock market trend over next two weeks?
Remember, Buy on the rumor; sell on the news. I think that's the most likely pattern for U.S. stocks over the next two weeks. With the 4.6% gain for the Standard & Poor's 500 on Monday, March 2, U.S. stocks regained almost half of the 11% they had lost in the last...
PMI survey shows U.S. manufacturing remains barely above contraction in February; still better than China’s deep drop
The Institute for Supply Management's Purchasing Managers' Index for manufacturing fell to 50.1 in February, down from 50.9 in January. In this survey anything above 50 signals an expansion. The report was good news of a sort since U.S. manufacturing in February...
Asian/Pacific markets open down, mostly, and then recover, mostly
In Japan the Nikkei 225 has opened down by 1.3% in the first few minutes of trading. The Australian market has dropped 2.7% and the Australian dollar has fallen by 0.84%. (The Reserve Bank of Australia meets tomorrow and is expected to cut interest rates.) South...
Saturday Night quarterback says (on a Sunday), For the week ahead expect…
... that negative news from the coronavirus pandemic will outweigh positive(?) news on Federal Reserve interest rate cuts on March 18. I remember thinking on Friday first after Fed chair Jerome Powell just about promised an interest rate cut at the central bank's...
Next big date in the coronavirus selloff? March 18
How can I be so precise? Because March 18 is the date of the next meeting of the Federal Reserve's interest rate setting Open Market Committee. And in the last two days financial markets have stampeded to a belief that the Fed will enact an emergency interest rate cut...
After today’s dip, a revised set of buy on the dip candidates (AKA the Dip-O-Meter)
Company name Ticker Price as of 2/24 Benchmark date Benchmark price Gain/loss Apple AAPL 298.18 2/12/20 327.2 -8.9% Carnival CCL 37.76 1/17/20 51.9 -27.2% Cheniere Energy LNG 51.91 1/17/20 66 -21.3% China Southern Airlines ZNH 27.75 1/13/20 35.46 -21.7% Cirrus...
Market wakes up to coronavirus threat–it’s not just China anymore
What's different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn't limited to China anymore. From Italy comes a report that the Armani fashion...Jim’s Stock Alerts
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