January 20, 2024 | Daily JAM, Mid Term |
In a week where the U.S. Standard & Poor’s 500 and NASDAQ Composite and NASDAQ 100 set new record highs, China’s stock market turned in another big move to the downside. The Hang Seng China Enterprises Index has already lost 11% in 2024. That comes after a record four-year losing streak and the slump this year has just reinforced the opinion among money managers that “China is uninvestable now.” The Nasdaq Golden Dragon China Index slipped was down by as much as 2.2% at the start of US trading Friday, extending losses to a fifth consecutive day. The grim milestones keep accumulating.
December 22, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My eighty-third YouTube video “A new trade war with China?” went up today.
September 18, 2020 | Daily JAM, Morning Briefing, TCEHY, Top 50 Stocks |
The Trump administration will ban China’s TikTok and WeChat from mobile app stores beginning this Sunday, September 20. The White House will also take other actions to restrict the use of WeChat, the ubiquitous messaging service owned by Tencent Holdings (TCEHY)....
April 30, 2020 | Daily JAM |
Senior Trump administration figures are to meet today to begin mapping out a strategy for retaliating against China for its handling of the coronavirus pandemic, the Washington Post reports, citing four senior administration officials as sources. In recent days...
May 5, 2018 | Daily JAM, Friday Trick or Trend |
The U.S. negotiating team looking to put together a trade agreement with China that would avert a trade war headed back to Washington on Friday after two days of talks that saw the United States propose a $200 billion cut to the U.S. trade deficit with China by 2020–and the widely expected rejection of that proposal by China.
April 17, 2018 | Daily JAM, Short Term |
The Standard & Poor’s 500 stock index rose 1.07% to the highest level in four weeks, pushing above its 100-day moving average for the first time in month. The Dow Jones Industrial average closed up 0.87% The gains in the index are in spite of continued chaos on the trade front between China and the United States
April 12, 2018 | Daily JAM, Morning Briefing |
On Saturday in my Saturday Night Quarterback look ahead at the week on JubakAM.com I wrote that the week before the start of earnings reporting season–in other words, this week that we’re now in–was likely to see the market bounce from one idea to the next with one day’s worries sinking the market and the next day’s leading to gains. That’s exactly what we saw yesterday
April 10, 2018 | Daily JAM, Short Term |
Global financial markets rallied today on a speech by China’s President Xi Jinping at a regional economic meeting that seemed to pull China and the United States back from the cliff and a potential global trade war. Xi promised to open up China’s economy, to raise the limits on foreign ownership in the aircraft, shipbuilding and auto industries and to reduce tariffs on auto imports and on some other products.
April 10, 2018 | Daily JAM, Morning Briefing, Short Term |
The market didn’t reverse or fade today. The Standard & Poor’s 500 stock index hit 2656 by 10:30 and then, despite a dip that took 20 points off the index around 12:30 managed to close at 2656 for the day. That was a gain of 1.67% for the day and near the top that Monday’s market hit before its end of the day reversal. The Dow Jones Industrial Average finished up 1.79%; the NASDAQ Composite was higher by 2.07%.
April 6, 2018 | Daily JAM, Friday Trick or Trend, Short Term |
For a while today it looked like the markets might have decided to adopt a belief that something would pull President Donald Trump back from the brink of a China/U.S. trade war. Either it was just bluster, a negotiating ploy, or something that would be tempered by other voices in the White House. That was the view powering the rally for the last three sessions, after all. But on further consideration the markets decided to take the President’s call for tariffs on an additional $100 billion in Chinese goods very seriously indeed.
April 5, 2018 | Daily JAM, Morning Briefing |
Just as financial markets were starting to believe that all the bluster about imposing new provocative tariffs on Chinese imports might indeed be just a negotiating ploy as administration officials loudly proclaimed over the last to days, last night President Donald Trump demanded that his chief trade negotiator find an additional $100 billion in Chinese imports to consider for new tariffs.
April 5, 2018 | Daily JAM, Morning Briefing |
With all available officials on deck today in Beijing and Washington to talk down fears of a trade war and to talk up prospects for trade talks, the U.S. financial markets have returned to “normal.” And what is “normal” right now? A 0.47% gain in the Standard & Poor’s 500 stock index as tech shares recover with Facebook (FB) up 1.81% and Amazon (AMZN) up 2.62%. Normal is also a down day for Treasuries
