July 20, 2021 | Daily JAM, Morning Briefing |
Today investors and traders ran to buy all the re-opening, post-vaccine recovery, cyclical stocks that they dumped yesterday. Macy’s (M) is up 4.29% as of 3:30 p.m. New York time after plunging 4.90% yesterday. Amusement park operator Cedar Fair (FUN) is up 4.12%. Cyclical Dupont (DD) is up 1.34% after closing down 4.46% yesterday. Carnival Cruise (CCL) is ahead 7.83% today after dropping 5.74% yesterday. It’s as if the market has decided that the really scary upward trend in new infections from the spread of the Delta variant is done with and over. Pandemic yesterday. No pandemic today.. The figures from the pandemic front say otherwise. The 14-day change in new cases as of July 19 is 198%. The 14-day change in new deaths is 44%.
March 15, 2021 | Daily JAM, Short Term |
The Standard & Poor’s 500 closed up 0.65% today and the Dow Jones Industrial Average gained 0.53% to set new record highs. Technology stocks rebounded from recent weakness with the NASDAQ finishing ahead by 1.05%. But the big impetus for the continued gains in the big indexes came from a sense that the economy is returning to normal.
September 26, 2020 | Daily JAM, Friday Trick or Trend, Mid Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. On Friday...
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...
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,...
July 21, 2020 | Daily JAM, Mid Term, Morning Briefing |
Of course, there isn't actually a Republican bill in the Senate yet, but in a floor speech today Senate Majority Leader Mitch McConnell said “The American economy needs another shot of adrenaline.” McConnell also noted that infections are “climbing in hot spots around...
July 20, 2020 | Daily JAM, Short Term |
This morning shares of Amazon (AMZN) burst higher out of the box, gaining 5.98% as of noon New York time. The catalyst, it appears, was a new target price from Goldman Sachs of $3800 a share, up from the previous target of $3000. The shares had closed at $2961.97 on...
July 16, 2020 | Daily JAM, Morning Briefing, Short Term |
Initial jobless claims in regular state programs totaled a seasonally adjusted 1.3 million in the week ended July 11, down just 10,000 from the prior week, the Labor Department reported this morning. That's the smallest drop in the new claims since March and feeds...
July 13, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
At the high point during the day, the Dow Jones Industrial Average was up 2.2%. It closed with a gain of just 0.1% for the day. The trend wasn't limited to U.S. stocks. The iShares MSCI Emerging Markets ETF (EEM) was up 1.26% at noon New York time but closed off 0.67%...
July 7, 2020 | Daily JAM, Morning Briefing |
United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked...
June 29, 2020 | AAPL, CRUS, Daily JAM, DIS, NXPI, PANW, SHAK, Short Term, TWLO |
I'd like to see this pattern season for a few more days--until next week I'd say--but I think I see a promising trading strategy for the second quarter earnings season that begins, in my mind at least, with JPMorgan Chase (JPM) before the market open on Tuesday, July...
June 20, 2020 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. If you're...
