October 16, 2020 | Daily JAM, Mid Term |
Most governments in Europe relaxed their strict coronavirus lockdowns over the summer in order to breathe some life into economies hit hard by the first wave of the virus and efforts to control its spread. That "return to normal", however, has led to a spike in...
October 2, 2020 | Daily JAM, Morning Briefing |
Every investor and trader has spent much of today speculating (either in words or dollars) on what President Donald Trump's positive coronavirus test might mean for stocks. The Standard & Poor's 500 closed the day, October 2, down 0.96% and the Dow Jones...
September 28, 2020 | Daily JAM, Morning Briefing |
Today, Monday, September 28, as of 1:15 p.m. New York time the Standard & Poor's 500 was up 1.60% to trade at 3352.78. Along with Friday's 1.60% gain in the index, I think that shows the market's downward momentum stalled for the moment. Only for the moment,...
September 22, 2020 | Daily JAM, Short Term |
Pfizer (PFE) and its partner BioNTech (BNTX) plan to take a first look at the efficacy results from their 44,000 personal vaccine trial as soon as September 27. But that first look will be after just 32 coronavirus infections have accumulated in the two companies'...
September 5, 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. Before...
September 2, 2020 | Daily JAM |
On September 1 Â I argued that "Now there are two Puts supporting the market as the Vaccine Put joins the Powell Put." Those two bets--that the Federal Reserve will continue to flood the financial markets with cash and will increase the flow if the markets start to...
August 18, 2020 | Daily JAM, Morning Briefing |
This morning, August 18, Walmart (WMT) reported that comparable store sales climbed 9.3% year over year for the company's fiscal second quarter that ended on July 31. Sales for its e-commerce unit jumped 97% year over year. That was up from growth of 74% in the final...
August 16, 2020 | Daily JAM |
...more attention on reports of delays in the clinical trials of new drugs to treat patients infected with the coronavirus. We're starting to hear stories o delays out of the drug companies working on treatments that would enable those stricken with the coronavirus to...
August 14, 2020 | Daily JAM, Morning Briefing |
In July China's industrial output climbed by 4.8% year over year, Beijing announced today. That's the same rate as in June. This good news in that it shows the post-coronavirus recovery continues in the industrial sector. But it's bad news in that growth isn't...
August 13, 2020 | Daily JAM |
The Senate officially adjourned today through Labor Day, September 7. The House of Representatives had already been out of season, but now Speaker Nancy Pelosi (D-Calif.) has announced that she will return to California next week. In the negotiations that collapsed on...
August 13, 2020 | Daily JAM, Morning Briefing |
The number of workers applying for unemployment benefits from state unemployment programs fell below 1 million for the week ended August 8. At 963,000 the number was below the 1.18 million new claims for the week of August 1. Economists had expected initial claims of...
August 12, 2020 | Daily JAM, Short Term |
House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin talked today for the first time since talks on the next coronavirus stimulus/rescue package collapsed on Friday. About the only thing that emerged from today's brief conversation was a consensus that the...
