December 31, 2020 | Daily JAM, Short Term |
The Standard & Poor’s 500 closed up 0.64% today to a new closing high and ended the year ahead more than 16%. The Dow Jones Industrial Average also closed in record territory after a gain of 0.65% on the day. The Dow is up about 7% for 2020. The NASDAQ Composite managed a gain of 0.14% to bring its gain to 40% for 2020. Today’s advance in the Santa Claus period–which historically also includes the first two trading days in January so it’s not quite over yet–is a good omen for 2021.
December 30, 2020 | Daily JAM, Morning Briefing |
Today, Wednesday December 30, is pretty much the reverse image of yesterday’s stock market action. Traders are having fun–and making money, I’d hope–in the day to day action but I don’t see a trend in this market that might extend into 2021. So, for example, the Standard & Poor’s 500 was up 0.13% today at the close in New York after falling 0.22% yesterday
December 28, 2020 | Daily JAM, Morning Briefing |
With President Donald Trump signing the coronavirus stimulus/relief and fiscal 2021 government spending bill, financial markets can go back to their favorite holiday week activity–using the opportunity afforded by shrunken volumes to push up stocks. As of the close on December 28 in New York, the Standard & Poor’s 500 was up 0.87% and the Dow Jones Industrial Average was ahead 0.68%. The NASDAQ Composite was higher by 0.74% and the NASDAQ 100 had gained 1.01%. The Russell 2000 small cap index was a laggard with a 0.38% loss. The iShares MSCI Â Emerging Markets ETF (EEM) also lagged on continued Alibaba (BABA) turmoil in China with a gain of just 0.28%. Too soon to tell decisively, where the very short term action will be, in my opinion. But the day’s action is suggestive of where we can look for gains.
December 24, 2020 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The third YouTube video on What Apple and Microsoft’s moves on Intel mean for technology stocks went up today.
December 18, 2020 | Daily JAM, Stock Alerts |
First, it was Apple (AAPL) moving away from Intel (INTC) chips in its entire line of Mac computers. Apple’s own new M1 chip has received positive reviews that support the company’s claims that its machines with the new chip out perform standard Intel or Advanced Micro Devices (AMD) PCs. Now, Microsoft (MSFT) is working on in-house processor designs for use in the servers that run the company’s cloud services. The software giant is using designs from Arm Holdings (in the process of being acquired by Nvidia (NVDA) for $40 billion) to produce a processor that will be used in its data centers. Microsoft is also exploring (which means, I think, that the effort hasn’t gone as far as “working on”) developing another chip that would power some of its Surface line of personal computers. The move by Microsoft would be a big deal.
November 2, 2020 | Daily JAM, Morning Briefing |
To my way of thinking, investors and traders got ahead of themselves today. With election day still a day away, stocks in economically sensitive sectors moved up while stocks of the technology companies that have been able to show revenue growth even during the...
October 30, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The Standard & Poor's 500 closed down 1.21% today and the Dow Jones Industrial Average dropped 0.59%. The NASDAQ Composite was lower by 2.45% and the NASDAQ 100 fell 2.54%. The Russell 2000 small cap index tumbled by 1.96%. The rising tide of new coronavirus...
October 29, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
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...
October 25, 2020 | Daily JAM |
...huge numbers of earnings reports in the coming week with 93 on Monday, 178 on Tuesday, 319 on Wednesday, 397 on Thursday, and 81 on Friday. Let me pick out a few that have extra significance. On Tuesday Microsoft (MSFT), Advanced Micro Devices (AMD) and Caterpillar...
October 5, 2020 | Daily JAM, Morning Briefing |
I'm willing to bet against the Tooth Fairy and the Easter Bunny, but in this market, in the very short term, I'm not willing to bet against the market's faith that there will be another coronavirus stimulus package--soon--to boost the U.S. economy and prevent an...
September 24, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to...
September 22, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
This morning it looked like we might not get the bounce I expected today after the Monday morning sell off and Monday afternoon recovery. The NASDAQ, dominated by the big tech names most likely to bounce today, started Tuesday off in a mild downturn. As of 11:07 a.m....
