October 1, 2022 | Daily JAM, Special Reports |
Today, October 1, I’ve gone back through this Special Report to update any parts of my calendar in light of what we’ve learned about the economy, about Federal Reserve interest rate policy, and about the global economy in the last few weeks. This update includes my take on the August jobs report and the September 21 meeting of the Fed. (It’s a complete revision of the original so changes are in the body of the original text.) It is different this time. And it’s likely to “be different this time” for the next five years or so. And you need an investment strategy for that period.
September 5, 2022 | Daily JAM, Special Reports |
Today, September 5, I’ve gone back through this Special Report to update any parts of my calendar in light of what we’ve learned about the economy, about Federal Reserve interest rate policy, and about the global economy in the last few weeks. This update includes my take on the August jobs report and on recent Fed-speak from the Jackson Hole conference and after. It is different this time. And it’s likely to “be different this time” for the next five years or so. And you need an investment strategy for that period.
June 13, 2022 | Daily JAM, Special Reports |
It is different this time: Part 1 and Part 2 of my Special Report: Your Best Investment Strategy for the Next 5 Years. And finally the full Part 3 with strategies and picks for the 5-year period including the “out” years. It’s likely to “be different this time” for the next five years or so. And you need an investment strategy for that period.
May 26, 2022 | Daily JAM, Morning Briefing |
On Tuesday, Snap (SNAP) fell 43.08% as the company lowered guidance for the remainder of 2022. Today, the shares were up 4.59%. At today’s close of $14.81 they’re still trading well below the 50-day moving average of $29.86. Should you chase them here? Macy’s (M) picked up 19.31% today on an earnings beat and higher guidance. Should you chase the shares higher? Or how about Nvidia (NVDA), which gained 5.16% on the day after an earnings beat and some positive statements about future products and product sales after the close yesterday. Should you buy the shares at today’s close of $178.51? That’s quite a bargain from the $333.76 that the stock sold for on November 29, 2021. A day like today when the market looks set to break a seven-week losing streak is tempting. Time to put some cash to work, no? Look at all the bargains? And the bear market is over–at least for a while, right? Bear markets are typically punctuated by days like today and a rally inside a bear market can go on for a while. This one, for example, could easily run into June or even July. And that means repeated temptation to jump back in. And repeated episodes of hard to suffer pain as stocks that you’ve sold for sound reasons climb well above your selling price. Bear market rallies are, I just want to remind you, exactly what make bear markets so damaging. Investors and trades face the losses from the overall market drop plus extra losses generated by buying into what looks like a rally off a bottom that turns out to be just a temporary step to even lower prices.
March 30, 2020 | Daily JAM |
One reason that U.S. stocks are up today in the face of what are likely to be stunningly bad economic reports later this week is that some Wall Street strategists are out today saying that the worst is over and it's time to get back into risk assets such as stocks....
March 26, 2020 | Daily JAM, Short Term |
Okay, you knew the punchline was coming. After dropping 11.9% in 1929 as the Crash and Great Depression got rolling, the Standard & Poor's 500 fell 28.5% in 1930. And then, in 1931, it staged that big short-term rally that we've just surpassed. After starting the...
October 4, 2011 | Daily JAM, Videos |
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...
