September 29, 2020 | Daily JAM, KCAC, Mid Term, Special Reports, Volatility |
Yikes. Does this market have enough volatility for you? And I think that volatility will only get worse over the next two to six months, I can't remember a market with so much potential to move up or down in big relatively short-term volatility as this one. Just as...
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...
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,...
July 31, 2020 | Daily JAM, Morning Briefing |
After blow-out earnings from Apple (AAPL) and PayPal (PYPL) yesterday and strong beats from Amazon (AMZN), and Facebook (FB), it's not hard to understand why, as of 2:30 p.m. New York time on Friday, the NASDAQ is leading all the indexes. At the hour the NASDAQ...
July 24, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The Senate left Washington yesterday without putting its plan for the next coronavirus aid package on the table. That guarantees, in case you had any doubt, that the enhanced $600 a week unemployment benefit that, for practical purposes, expires with today's payment,...
July 21, 2020 | Daily JAM, Mid Term, Morning Briefing |
Of course, there isn't actually a Republican bill in the Senate yet, but in a floor speech today Senate Majority Leader Mitch McConnell said “The American economy needs another shot of adrenaline.” McConnell also noted that infections are “climbing in hot spots around...
March 19, 2020 | Daily JAM, Morning Briefing, Short Term |
A casual walk to the grocery store this morning revealed a number of small coffee vendors and noodle shops in my neighborhood had gone a step beyond New York City's order to close restaurants and bars and coffee shops except for take out and delivery orders. These...