March 31, 2020 | Daily JAM, Morning Briefing |
 The first tankers in what looks like a long fleet of tankers are loading now in Saudi Arabia on their way to Europe and the United States in April. The Saudi government looks to be making good on its announced increase in output to a record 12.3 million barrels a day...
March 30, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
Today, Monday, March 31, Macy's (M) announced it will furlough most of its130,000 workers after shutting 775 stores. Kohl’s furloughed 80,000 workers. Gap another 80,000 each. Gannett announced furloughs for newspaper employees who earn more than $38,000. Sysco, the...
March 30, 2020 | Daily JAM |
Johnson & Johnson (JNJ) said today that it will begin human testing of its experimental vaccine for the coronavirus by September and that clinical data on its effects is expected before the end of the year. If the vaccine works well, the company said it could be...
March 30, 2020 | Daily JAM, PAC, Stock Alerts, Volatility |
Grupo Aeroportuario del PacÃfico (PAC) has postponed its annual meeting until April 28. Th company's stock buyback plan and dividend payouts on the agenda. It's hard to imagine that the company hasn't at least considered cutting its buyback and dividends. Grupo...
March 30, 2020 | Daily JAM, Dip-O-Meter |
I did my numbers for this newest revision of the Dip-O-Meter on Sunday night so they don't reflect any of today's bounce. Nothing I'm seeing, however, convinces me that this is anything but a bounce in a bear market. For this iteration, I've added four more stocks,...
March 30, 2020 | Daily JAM |
One reason that U.S. stocks are up today in the face of what are likely to be stunningly bad economic reports later this week is that some Wall Street strategists are out today saying that the worst is over and it's time to get back into risk assets such as stocks....
March 30, 2020 | Daily JAM, Mid Term, Morning Briefing, You Might Have Missed |
As of noon New York time, today March 30, U.S. benchmark West Texas Intermediate fell another 5.67% to $20.29 a barrel. International benchmark Brent dropped 9.83% to $22.45 a barrel. That's an 18-year low for oil. And worse is yet to come. The world has run out of...
March 29, 2020 | Daily JAM |
Some tough news that's likely to produce startling volatility again. Wednesday, April 1, brings the Purchasing Managers' Index from the Institute for Supply Management for the manufacturing sector. Economists are expecting further contraction in the index for March....
March 28, 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. Did you...
March 27, 2020 | Daily JAM |
We won't know until March 31 when he purchasing managers' indexes for China are released but it looks like China will see its first quarterly contraction of its economy in decades and the weakest year since 1976. The problem is that just as Chinese factories are going...
March 27, 2020 | Daily JAM, Morning Briefing |
The House of Representatives jumped one last procedural hurdle and sent the $2.2 trillion coronavirus bill to President Trump for his signature. Meanwhile... Italy reported 919 coronavirus deaths in one day, the largest single-day toll reported by any country. The...
March 26, 2020 | Daily JAM |
It's my contention that the economy and the financial markets won't get back to normal until 1) we can see an actual decline in coronavirus cases and deaths in the United States, and 2) companies, seeing at least a stabilization in the pandemic call their employees...
