March 3, 2021 | Daily JAM, Dividend Income |
Hedges that can pay off on the downside and the upside are the most useful and most valuable. They also tend to be relatively rare. There aren’t a lot of these bets floating around in most markets just waiting for you to snap them up. However, I have found two hedges of just this sort in today’s market that I’m going to recommend to you today. (In this post I’m going to give you some of the nitty gritty numbers that support my recommendation for these two hedges. If you want to see some charts for copper and gold, banks and bonds check out the video I posted today.) I’m going to add these new recommendations to my standing Special Reports post tomorrow.
March 3, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The thirteenth YouTube video “2 Hedges for All Your Market Worries” went up today.
February 9, 2021 | Daily JAM, Dividend Income, IEF, Jubak Picks, Perfect Five-ETFs, VGIT, Volatility |
A year ago, the yield on the 10-year Treasury note stood at 1.59%. From that point yields fell, leading to big gains for Treasuries and other bonds. Yields were down to 0.73% as of the week of April 15, 2020. And then hit their low for 2020 during the week of August 2 at 0.55%. Since then the story for long Treasuries has been just the reverse. By October 4, the yields on 10-year Treasuries were back ump to 0.78%. 0.83% by November 1. 0.93% on December 6. And then 1.16% today February 9. The forecast right now is that yields for long Treasuries aren’t done climbing either.
February 6, 2021 | Daily JAM, Friday Trick or Trend |
Wall Street analysts have increased their 2021 forecast for S&P 500 earnings by 3.6% to $170.3 a share in January. That’s the biggest jump in earnings estimates in January for any year dating back to 2013 except the revisions in 2018 on the heels of the December 2017 tax cuts. Of course, a good part of this higher estimate is already figured into stock prices.
January 31, 2021 | Daily JAM, Friday Trick or Trend |
Even before the GameStop (GME)/Robinhood explosion of last week, Democrats in Congress and the White House were targeting the financial sector for investigations, for tighter enforcement of existing regulation that had been relaxed during the Trump administration, and for new regulations that would address the non-bank sector.
The events of last week when Robinhood and other brokerage services halted trading in shares of GameStop, AMC (AMC) and other heavily shorted stocks that had turned into stock market rockets have just added more energy to those efforts. There’s almost certainly enough energy to go around in the committees now controlled by Democrats to push increased regulation of traditional banks and new non-bank financial institutions. But I expect that the trading halt at Robinhood, etc. will put added attention on FinTech companies.
What might Congress look at?
January 10, 2021 | Daily JAM |
Bank earnings will start off fourth quarter earnings season. Friday, January 15, brings reports from JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) before the market open. The big test will be whether these banks can deliver news that’s good enough to keep the stocks rising after huge gains in the last three months.
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 20, 2020 | C, Daily JAM |
On Friday the Federal Reserve rode to the aid of bank stocks. The sector had been looking a little pale around the PE in the last few days with the Financial Select Sector SPDR ETF (XLF) up only 0.11% for the last week. That comes after a strong performance in the last month–a 4.24% gain. For the year to date the financial ETF is down 5.48% The Federal Reserve, however, cleared the way for banks to boost capital distributions–dividends eventually and more immediately share buybacks
December 7, 2020 | C, Daily JAM, Dividend Income, Stock Alerts |
I’m adding Citigroup, the most recent pick in my Dividend Stocks Special Report, to my Dividend Portfolio tomorrow
November 17, 2020 | AES, C, Daily JAM, Dividend Income, DUK, Jubak Picks, NEE, Special Reports |
I started off with utility stocks and I’ve now moved on to other dividend stocks within the general argument that dividend stocks–if you pick the right one–are perfect for the post-vaccine economy and stock market rally.
October 13, 2020 | Daily JAM, Morning Briefing |
This morning JPMorgan Chase (JPM) reported a "surprise" jump in earnings in the third quarter. The problems in that "surprise" were in the nature of the surprise. A good part of the "surprise" wasn't a surprise. The bank reported a 30% increase in revenue from its...
October 12, 2020 | Daily JAM, Morning Briefing |
The big banks kick off third quarter earnings reports tomorrow, Tuesday, October 13 with JPMorgan Chase (JPM) due to report before the open. The analyst consensus is that the bank will earn $1.93 a share, down from the $2.68 a share earnings in the September quarter...
