February 27, 2020 | Daily JAM, Morning Briefing |
This morning it sure looked like U.S. stocks were going to bounce back from yesterday's beating and from a deeply negative open. After opening down 2.28% at 9:31 a.m. New York time and then sinking even lower to down 3.54% by 10:35, the Standard & Poor's 500...
February 26, 2020 | Daily JAM, Morning Briefing |
This is exactly the pattern that financial markets are afraid of:Â Another company announcing the it would miss the revenue and earnings guidance that it had issued just weeks ago because of the effects of the coronavirus outbreak. In this case it's Microsoft (MSFT), a...
February 25, 2020 | Daily JAM, Morning Briefing |
If you're trying to figure out where New York stocks are headed tomorrow after several brutal days of trading, the overnight market results from Asia aren't reassuring. Although they haven't ended as bad as they began the day. The South Korean won fell toward its...