September 11, 2020 | Daily JAM, Morning Briefing |
Three stocks in the Standard & Poor's 500 were up for every two that were down as the index turned in a day with very little movement--a gain of 0.05% at the close on September 11. The Dow Jones Industrial Average was ahead a bit more at 0.48% That lack of...
September 10, 2020 | Daily JAM |
The Standard & Poor's 500 was down 1.76% and the NASDAQ Composite fell 1.99% today. But the worst damage was among the big tech names that had led the rally higher and that had bounced yesterday. Microsoft (MSFT) was down 2.80%. Amazon (AMZN) gave up 2.86%. Nvidia...
September 8, 2020 | Daily JAM, Morning Briefing, Short Term |
Traders who bought on the dip at the end of last week were a bit early, the market is saying today. As of noon New York time, the Standard & Poor's 500 was down 1.91%; the Dow Jones Industrial Average was off 1.56%, and the NASDAQ Composite was lower by a whopping...
September 4, 2020 | Daily JAM |
The Standard & Poor's 500 almost got to break-even late in the day today (at 3:28 p.m. New York time) but stocks couldn't hold the line. Still the 0.81% loss at the close for the index as much better than the 2.99% loss at 10:45 this morning. That was the pattern...
September 2, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
At the close today, the Standard & Poor's 500 was up another 1.54%. Putting this question at the top of many investors' and traders' minds: Is there any way to participate in this blow out rally without real adding an unacceptable amount of risk? The 5.83% drop in...
August 31, 2020 | AAPL, Daily JAM, Morning Briefing |
Shares of Apple (AAPL) split 4-1 today, helping the stock to a 3.39% gain on the day. If not for Apple (with a little aid from Amazon (AMZN), up 1.45% at the close), the last day of August might have looked a bit ugly. Even with the help from Apple and Amazon, the...
August 26, 2020 | Daily JAM, Morning Briefing |
On Monday the Standard & Poor's 500 and the NASDAQ Composite hit new all-time highs on what I'm calling the Vaccine Put, the hope that we'll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020 or perhaps before...
August 24, 2020 | Daily JAM |
Forget about a "V-shaped" recovery or a "W-shaped" bounce-pullback-move up again recovery. The talk on Wall Street is now about a "K-shaped" recovery where a handful of companies and their shares sooar ahead but where the average company and its stock lags way, way...
August 18, 2020 | Daily JAM |
We're all familiar at this point with the Powell Put, the market's faith that the Federal Reserve will support stock prices with a deluge of cash if the market starts to crack. Part of the faith in this put comes from the Fed's promise that it will keep its benchmark...
August 10, 2020 | Daily JAM |
For yet another day shares of companies dependent on the re-opening of the U.S. economy and continued good news on job and spending gains during a time of coronavirus outperformed shares of tech companies. For example, while, as of 3:30 p.m. New York time today,...
August 5, 2020 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
July 31, 2020 | Daily JAM, Morning Briefing |
After blow-out earnings from Apple (AAPL) and PayPal (PYPL) yesterday and strong beats from Amazon (AMZN), and Facebook (FB), it's not hard to understand why, as of 2:30 p.m. New York time on Friday, the NASDAQ is leading all the indexes. At the hour the NASDAQ...
