Stocks take Trumps’s Saturday tweet of “big progress” in China trade talks with a grain of salt
On Saturday President Donald Trump reported “big progress” in trade talks with his Chinese counterpart Xi Jinping after a long phone call on Saturday. The President added that negotiations were “moving along very well” toward a comprehensive deal. The statement from...
IMF warns on slowing global growth ahead of G20 summit
The ink is barely dry on the October 9 World Economic Update from the International Monetary Fund, which warned of the dangers of slowing global growth ahead. But the IMF is at it again. The fund has downgraded its forecast from the already downgraded October forecast...
One more for the list: ECB starts countdown to euro decision on December 13
On December 13 the European Central Bank will decide whether to cap its $2.9 trillion program of bond buying as planned. The bank had decided that Europe's economy was strong enough for the central bank to wind down its purchases of bonds that have kept interest rates...
Is this the end of the dollar run? The problem is nobody knows
Our regular (or occasional or perhaps occasionally regular) Friday series ( running on Sunday 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. The U.S. dollar has...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... volatility in asset classes that range from oil to stocks to the U.S. dollar, as traders and investors try to figure out how to "price in" a metric ton of macro uncertainty scheduled for the next three weeks. Enjoy turkey and family and friends the week because...
Stocks climb on news that U.S. and China talking again on trade
It's certainly a long way from here to an agreement on trade between the United States and China, but news that the two sides are talking again has boosted stocks in New York. After all, there can't be any agreement if the two sides aren't talking and without some...
U.S. dollar continues to climb, creating downdraft for emerging markets and oil, and supporting Treasuries
The U.S. Dollar Spot Index (DXY) is up again today, climbing 0.66% to 97.053. Since the index that tracks the dollar against six other major trading currencies bottomed for 2018 back on February 15, the dollar has gained 8.72%. The bulk of those gains are even more...
Optimism on China trade talks drives U.S. stocks higher
This morning at least a tweet from President Donald Trump is the most important factor moving U.S. stocks higher. In his tweet President Trump said he had had a productive conversation with Chinese President Xi Jinping on trade. "Those discussions are moving along...
China’s economy slows; China’s stocks gain
It's only confusing if you don't know the relationship between growth in the Chinese economy and gains in the Chinese stock market. News overnight on Monday had the official purchasing managers’ index (PMI) dropping down to 50.2 in October, the lowest since July 2016...
U.S. Treasury borrowing to double in 2018 to $1.34 trillion.
Amazing what important financial news can get pushed off the front page these days. On Monday the drop of even more U.S. indexes into correction territory and reports that the White House was teeing up new tariffs on another $250 billion in Chinese goods pushed truly...
U.S. stocks gently slide but VIX “fear index” continues retreat
If the market were inclined to sell off today, it could have found plenty of reasons. Under the heading of one-off scary stuff, I'd put: Continued tensions between the Saudis and just about everyone else over allegations--which look to be true--that the Saudi...Jim’s Stock Alerts
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