October 20, 2020 | Daily JAM, Short Term |
Even if House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin reach a deal on a new coronavirus rescue and stimulus package sometime in the next week or two, it will die in the Senate if Majority Leader Mitch McConnell has anything to say about it. Today at...
October 10, 2020 | Daily JAM |
...a growing admission by the financial markets that a coronavirus stimulus package by November 3 is dead, dead, dead. And an increasing worry that it might be dead for a Lame Duck session too. As incomprehensible as that as that might seem given the real pain now...
October 9, 2020 | Daily JAM, Morning Briefing |
President Donald Trump has figured out something very important about the stock market from his perspective: If he simply says "stimulus," stocks jump. Even if he doesn't really mean it. Even if he's not putting in the work to get a coronavirus stimulus package...
October 8, 2020 | Daily JAM |
Stocks climbed today with the Standard & Poor's 500 up 0.80% at the close, as investors and traders decided that the talk out of Washington about another coronavirus stimulus effort was more than just pre-election hot air. The Dow Jones Industrial Average finished...
October 7, 2020 | Daily JAM, Morning Briefing |
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October 1, 2020 | Daily JAM, Morning Briefing |
Just in case you were trying to figure out how important a successful conclusion to the coronavirus talks is to the market--the answer today from stocks was "Very." As of 1 p.m. New York time today, the Standard & Poor's 500 was up 0.66% and the NADSAQ Composite...
September 16, 2020 | Daily JAM |
On a day when Federal Reserve chair Jerome Powell warned that the U.S. economy recovery, while faster than expected, could stall if Congress didn't pass new fiscal stimulus measures to make up for the effects of the coronavirus pandemic, on Twitter President Donald...