Short Term
Unsustainable debt a danger? But it’s so far away, the markets say
Nobody wants to hear that U.S. government and consumer debt aren't sustainable. Not President Donald Trump. Not the financial markets. Today, February 11, Federal Reserve Board Chair Jerome Powell told the House Financial Services Committee that it was important to...
Do January cash flows out of stocks explain February rally?
In the last week of January investors pulled nearly $12.6 billion out of mutual funds and exchange-traded funds that hold U.S. stocks. That extended the longest retreat from U.S. stocks since 2016, according to data released Wednesday, February 5, by the Investment...
Where’s Xi? “People” are starting to wonder if his absence is a sign that the outbreak is still not under control
Chinese president Xi Jinping is NOT the face of the country's fight against the spread of the coronavirus. He has not been pictured in the customary emergency photos visiting hospitals, doctors or patients. As the crisis ramped up, it was the premier, Li Keqiang, who...
Shanghai down 9% in early Monday trading; drop is worse than expected
The CSI 300 Index (of the 300 largest stocks traded on the Shanghai Stock Exchange) plunged as much as 9.1% on Monday morning as the Shanghai Stock Exchange opened for trading for the first time since January 23. By 10:15 a.m. Monday in Shanghai (9:15 p.m. in New York...
Tomorrow will be pivotal day for short-term momentum
U.S. markets continued to show a muted recovery from fears of the coronavirus outbreak today. The Standard & Poor's 500 closed up 0.31% after spending time in the early afternoon in the red. The Dow Jones Industrial Average finished up 0.43% and the NASDAQ...
GDP up at 2.1% rate in 4th quarter but weakness emerges (or continues) in the numbers
The U.S. economy grew at a 2.1% annualized rate in the fourth quarter. That matches the growth rate for the third quarter and is slightly above the 2% growth predicted by economists surveyed by Bloomberg. Full-year GDP growth finished at 2.3% in 2019, the lowest of...
To me today reads like a trading bounce–news on corona virus spread takes a very bad turn
U.S. stocks are up today with the Standard & Poor's 500 climbing 1.19% as of noon New York time and the Dow Jones Industrial Average ahead 0.90%. The NASDAQ was higher by 1.49% but the small cap Russell 2000 slipped 0.20%. The iShares MSCI Emerging Markets ETF...
Deaths in China in coronavirus outbreak hit 106–but it turns out we may know less about this virus than we thought
The number of deaths climbed to 106, China’s National Health Commission said on Tuesday. The number of confirmed cases in mainland China rose to 4,515 from 2,744 on Monday. But the worst news may be that the U.S. Centers for Disease Control isn't getting the data from...
No end to selling as coronavirus news, profit-taking drive downward move today
The news from China and about the coronavirus continues to get worse. The death toll has climbed to 82, and at least 2,800 cases have been reported in China. And it doesn't look like the outbreak has been contained with health experts questioning the efficacy of any...
Stocks fall, Treasuries climb on signs that respiratory virus in China is now spreading person to person
News that a mysterious respiratory virus in China has infected medical workers, a sign that the virus has entered a new phase wherein it spreads from person to person, rocked Asian financial markets today. The death toll has climbed to six and China today raised the...
Market says U.S.-Iran crisis is over–for a day, anyway
After last night's Iranian attack on the U.S. troops stationed at two Iraqi airbases and a relatively restrained morning message from U.S. President Donald Trump, financial markets have decided to take profits in oil and cybersecurity stocks today. And wait for the...Jim’s Stock Alerts
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