December 30, 2020 | Daily JAM, Short Term |
A coronavirus vaccine developed by Chinese drugmaker Sinopharm is 79% effective in protecting people from the coronavirus, according to interim data released Wednesday by the company Sinopharm. The results for the two-shot vaccine were based on interim analysis from Phase 3 trials.
December 16, 2020 | Daily JAM, Morning Briefing |
Knock me over with a feather. Leaders of both parties in Congress look to be near a deal on a $900 billion coronavirus stimulus/relief package with passage possible by the end of the week, the Washington Post is reporting this morning.
December 14, 2020 | Daily JAM, Morning Briefing |
Stocks moved higher in the morning today on optimism that the first coronavirus vaccinations meant a “return to normal” was just around the corner. As of 10:00 a.m. Nw York time the Standard & Poor’ 500 had climbed to 3697. And then in the afternoon markets started to worry about news that New York City and California might be headed to a renewed economic lockdown. As of 2:36 p.m. the S&P 500 was back down to 3658.
November 18, 2020 | Morning Briefing |
At 1 p.m. today, November 18, the Standard & Poor’s 500 was up 0.05% and the Dow Jones Industrial Average was ahead 0.06%. Supporting even these meagre gains was positive news from Pfizer that it had concluded trials of its coronavirus vaccine and would be submitting an application for an Emergency Use Authorization to the U.S. Food & Drug Administration within a few days. By the close of the day’s session, however, news of a continuing rise tide of infections and announcements of more closings around the country had extinguished most of the earlier upward momentum.
November 16, 2020 | Daily JAM, Morning Briefing |
Today Moderna (MRNA) announced that its coronavirus vaccine was 94.5% percent effective. Last Mond... 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...
November 15, 2020 | Daily JAM, Short Term |
... well, we pretty much know what to expect for the coming week from the market's moves in the past week. We're likely to see a continuation of the battle between fear--that the surge in coronavirus infections will lead to another wave of shutdowns that will stagger...
November 13, 2020 | Daily JAM, Mid Term |
The question has been How long would it be before the surge in new coronavirus infections forced sta... 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...
November 12, 2020 | Daily JAM, Mid Term |
The VIX, the CBOE S&P 500 Volatility Index, gained 11% today to close at 26.03. But the index, which measures how much investors and traders are wiling to pay in the options market to hedge risk on the Standard & Poor's 500 index of stocks looking out over the...
November 10, 2020 | Daily JAM, Morning Briefing, Short Term |
If you remember, my "calendar" listed a short-term post-election rally to be followed by a downward ... 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...
November 5, 2020 | Daily JAM |
On Wednesday the United States recorded a new single-day record of 104,004 new coronavirus infections, bursting through the 100,000 milestone. On Thursday, more than a dozen states reported record number of daily infections. And at least 11 states—including Iowa,...
October 28, 2020 | Daily JAM |
Today both France and Germany returned to national lockdowns to fight the latest surge in coronavirus cases. That, I think, more than increase in virus cases is what drove today's selling. Investors are afraid that we're returning to the months when countries shut...
October 26, 2020 | Daily JAM, Morning Briefing |
I think the calendar will call the shots in the stock market for the next four to six weeks. And that's why I think momentum has shifted toward sellers rather than buyers. I know that today's drop--the Standard & Poor's 500 closed down 1.86% and the Dow Jones...
