August 12, 2020 | Daily JAM, Short Term |
House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin talked today for the first time since talks on the next coronavirus stimulus/rescue package collapsed on Friday. About the only thing that emerged from today's brief conversation was a consensus that the...
August 12, 2020 | Daily JAM, Morning Briefing |
Today, August 12, the rotation out of tech winners and into beaten-up consumer and industrial stocks is over. As of the close today. the Standard & Poor's 500 was up 1.40% but the NASDAQ Composite was ahead 2.13%. The Dow Jones Industrial Average was higher by...
August 9, 2020 | Daily JAM |
... chaos is guaranteed in the "negotiations" over another round of coronavirus stimulus/rescue aid. The big question is What effect this chaos will have on financial markets this week? My best estimate: Very little indeed. I expect that stock investors and traders,...
August 1, 2020 | Daily JAM |
Congressional leaders, plus White House negotiators chief of staff Mark Meadows and Treasury Secretary Steve Mnuchin, met today, Saturday, August 1, in an attempt to hammer out some kind of coronavirus rescue package that would support what looks like a flagging...
July 23, 2020 | Daily JAM, Short Term, You Might Have Missed |
You remember those lines in sand that the Trump White House declared before it began talks with the leaders of the Republican-controlled Senate? Well, a number of them have already vanished, washed out of existence by the fears of Republican Senators that the White...
July 18, 2020 | Daily JAM, Short Term, You Might Have Missed |
...exciting times. And while that's fun (to some people, I hear) on a roller coaster, it's not going to be fun this week as investors try to figure out how to play three big news trends. First (because it's simpler and not because it's necessarily most important)...
April 21, 2020 | Morning Briefing |
The Senate could vote as early as 4 p.m. today to approve  $470 billion coronavirus rescue bill that includes $310 billion to replenish the small business forgivable loan program. The House would take up the deal on Thursday but need unanimous consent to move the bill...