February 5, 2021 | Daily JAM |
The U.S. economy added just 49,000 job in January. That was well below the addition of 100,000 jobs that economists surveyed by Bloomberg were looking for in the month. Despite that stocks climbed today, February 5. The Standard & Poor’s 500 gained 0.39% and the Dow Jones Industrial Average picked up 0.30%.
November 12, 2020 | Daily JAM, Mid Term |
Congressional Democrats, claiming that the November election was a referendum on the Trump administration's handling of the coronavirus epidemic, are sticking to their demands for a big stimulus package, something like the $2.4 trillion plan they proposed before the...
November 7, 2020 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. On Friday...
November 3, 2020 | Daily JAM |
As of today, November 3 at 12:30 p.m., I don't know who will win the Presidential election. I don't know if the rally in the stock market today, with the Standard & Poor's 500 up 2.02% at 12:30 p.m. New York time, is a vote for some specific outcome, or (more...
October 31, 2020 | Daily JAM, Short Term |
... who knows? We do know that Tuesday is election day. But beyond that? We also know that the financial markets will react not just to the outcome of the election--victory for Donald Trump or Joe Biden--but also to the nature of the election process. Markets are...
October 14, 2020 | Daily JAM, Morning Briefing |
Treasury Secretary Steve Mnuchin, the lead negotiator for the White House on an additional coronavirus stimulus package, emerged today, October 14, from telephone calls with House Speaker Nancy Pelosi, to say that the chances of a stimulus package before the November...
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 7, 2020 | Daily JAM |
This market won't settle down. And so today I've made more revisions to my Special Report, Your Investing Guide for the Next 6 Dangerous Months, which you can find in my Special Reports section on the home page or by following this...
October 6, 2020 | Daily JAM |
Tonight--just hours after posting on Twitter that he was ending talks on a new coronavirus stimulus package, President Donald Trump has Tweeted that the House and Senate should "immediately" approve $25 billion for airline payroll support and $135 billion for the...
October 6, 2020 | Daily JAM, Volatility |
I've written in my Special Report: Your Investing Guide to the Next 6 Dangerous Months in the Stock Market that I had been waiting for shares of American Airlines (AAL) to move farther above $13 before adding Put options to the Volatility Portfolio. And over the last...
October 5, 2020 | Daily JAM, Morning Briefing |
I'm willing to bet against the Tooth Fairy and the Easter Bunny, but in this market, in the very short term, I'm not willing to bet against the market's faith that there will be another coronavirus stimulus package--soon--to boost the U.S. economy and prevent an...
September 30, 2020 | Daily JAM, Morning Briefing |
This morning stocks moved up strongly on reports that Treasury Secretary Steve Mnuchin and House Speaker Nancy Pelosi were about to resume talks over a new coronavirus stimulus package. As of noon, the Standard & Poor's 500 was up 1.31% and the Dow Jones...
