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It’s important to remember on this down, down, down day that an earnings growth slump in 2019 and a 2019 recession aren’t the same thing
It's hard to take a step back on a day when the Dow Jones Industrial average closed down more than 700 points (and 3.10%), but that's exactly what I'm going to suggest. The huge sell off was driven by three major factors in my opinion. First, the U.S. stock market...
Trump and Xi agree trade meeting was a “success”–time for a re-post of my 5 picks for the “bigger bounce”
The results are good enough. At their dinner meeting at the Group of 20 meeting in Buenos Aires U.S. President Donald Trump and Chinese President Xi Jinping made enough progress to take more of the risk of a U.S.-China trade war out of global financial markets. I...
Stocks climb on news that U.S. and China talking again on trade
It's certainly a long way from here to an agreement on trade between the United States and China, but news that the two sides are talking again has boosted stocks in New York. After all, there can't be any agreement if the two sides aren't talking and without some...
U.S. Treasury borrowing to double in 2018 to $1.34 trillion.
Amazing what important financial news can get pushed off the front page these days. On Monday the drop of even more U.S. indexes into correction territory and reports that the White House was teeing up new tariffs on another $250 billion in Chinese goods pushed truly...
Rally shifts into reverse as Trump administration announces more U.S. tariffs on Chinese exports likely on the way
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor's 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... the return of stock buybacks to U.S. markets. It's not a cure all for recent market weakness but the return of corporate buyers will certainly help support share prices. JP Morgan projects that U.S. buybacks will hit $900 billion to $1 trillion in 2018. That's up...
Stocks hold most of last hour’s gains–and that’s important
An extremely volatile day--but the market held most of its gains into the close--and that's important if you're trying to figure out whether we've seen the last (for a while, at least) of this week's selling. Let's take a look at the Standard & Poor's 500 index as...
“Odd” job numbers this morning for September but job market still strong
The economy added only 134,000 new jobs in September--probably a result of Hurricane Florence. But a huge revision to August and July job gains more than offset the weak current month. Economists surveyed surveyed by Briefing.com had projected the economy would add...
Dollar fundamentals continue to erode
I don't think there's anything more important to financial markets--well, assuming we don't get some kind of completely off-the-wall black swan event--over the next three months or so than the strength or weakness of the dollar. My judgment on trends in the greenback...
Worth watching: Is something the matter with financials
Here's the historical wisdom: Bank stocks go up when the Federal Reserve raises interest rates. The logic is simple and rather compelling--when the Fed raises interest rates banks see the rate at which they can lend out money--the long term interest rate rise faster...
Bad news on U.S. exports and trade deficit starts to bring down GDP forecasts
The U.S. trade deficit in goods grew in August to $75.8 billion, the widest in six months, as exports of food, industrial supplies and autos declined, the Commerce Department reported today. In addition imports of autos and consumer goods increased in the month. A...Jim’s Stock Alerts
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