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Market retreats on news that Trump administration is looking at ways to restrict U.S. portfolio flows into China
I think I know where this is coming from but the news certainty hit the market from left field today. Bloomberg is reporting that the Trump administration is discussing ways to restrict portfolio flows into China's stocks. Chinese companies traded in the United States...
People’s Bank adds $126 billion in liquidity to Chinese economy
With China's economy expected to slow further in September after poor results in July and August, the People's Bank of China cut the amount of cash that banks must hold as reserves to the lowest level since 2007. Â The required reserve ratio for all banks will be...
Markets try to have it both ways in the morning and then throw in the towel on risk
This morning you could hear the gears whirring as Wall Street strategists tried to position their portfolios so they were hedged against U.S-China trade war risk but also positioned to catch any bounce on good news on the trade front and ahead of the September 18...
A deep dive into Exxon Mobil financials shows where even the big oil majors are vulnerable
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...
Retail sales stronger than expected–there’s hope yet of fending off a recession
Retail sales in July climbed 0.7% from June. Economists surveyed by Briefing.com had predicted a 0.3% climb. Retail sales excluding autos were up 1.0% month over month. Economists had projected a 03% gain.. Nonstore retail sales (that is the Internet) were up 2.8%...
Trump’s new round of China tariffs freaks out financial–especially bond–markets
So much for any hopes that the resumption of U.S-China trade talks would put an end to the tariff war in anything like the near term. The new round of talks only began on Wednesday, was adjourned after a day, and was scheduled to resume in Washington in September....
Goldilocks is alive and well, thanks to the U.S. consumer
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today's number...
July interest rate cut from Fed looks like done deal after Powell testimony
Federal Reserve chair Jerome Powell had an opportunity this morning to talk down the odds of an interest rate cut at the central bank's July 31 meeting in testimony in front of the House Financial Services Committee. He didn't--and I think that makes a 25 basis point...
Adding Palo Alto Networks, #6 in my 10 Best Picks for the Rest of 2019, to my Jubak Picks and Volatility Portfolios tomorrow
Today I made Palo Alto Networks (PANW) the sixth pick in my Special Report 10 Best Picks for the Rest of 2019. Tomorrow, June 28, I'll add these shares to my Jubak Picks Portfolio and my Volatility Portfolio with a target price of $260. The stock closed at $204.89...
Special Report: 10 Best Picks for the Last Six Months of 2019
This isn't  time for investing as usual. As whacky as the first half of 2019 has been--the Federal Reserve embraces interest rate cuts, the U.S. and China descend further into a trade war, the U.S. economy turns in better than 3% growth but fears for a slowdown in...
Emerging markets rally? With global economic worries? With U.S.-China trade war still active?
There are so many currents and counter currents in this market that it makes New York's historically turbulent tidal estuary Spuyten Duyvil look like the turtle pond at 104th Street in Central Park near my house. For example, today, while the general market worried (a...Jim’s Stock Alerts
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