Get ready for an emerging markets bounce
All the portents (You know, sightings of white seabirds on the left as the king rides to the hunt, the witches of Endor issuing a "buy"call, strange voices in the darkest night near the swamps of the dead behind Aunt Tillie's house) are falling into place for a solid...
China says it won’t intentionally devalue yuan in response to U.S. tariffs
Just hours after the Trump administration announced 10% tariffs on an additional $200 billion in Chinese exports, Chinese Premier Li Keqiang said the nation wouldn’t devalue its currency in order to make its exports more competitive. Which, of course, doesn't mean the...
China cut buying of U.S. Treasuries in July–but what’s happening now?
Talk about frustratingly lagging data. China’s holdings of U.S. Treasuries fell to a six-month low in July, according to the latest data from the Treasury Department released today. The first found of U.S. tariffs went into effect on July 6. China’s ownership of U.S....
Notes You Need for September 14: Sports betting, Brazil, CPI, Treasury deficit, ADBE, PC chip shortage, HSY, rig count, dollar/yuan
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
A slip in the dollar and a bounce in the euro
The dollar is down today against the euro and some emerging market currencies, such as the Turkish lira, are rallying. The news ostensibly behind the move is some data indicating that U.S. inflation slipped in August. The logic goes that with inflation sliding the...
Trick or Trend: Treasury yields finally tick upward on Friday; was it the start of something (I ask again)?
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. Yields on...
Is Spain most exposed developed market to emerging market woes?
In the Greek debt crisis it was relatively easy to track the exposure of national financial markets and banks to the crisis. The big issue was what non-Greek banks had bought the biggest share of Greek government bonds. In the current emerging market crisis, it's...
Emerging market crisis pulls in India, Indonesia
The bad news is that the emerging market crisis that has sent financial markets plummeting in Argentina, Turkey, and Brazil has added India and Indonesia to its list of victims. The good news is that the inclusion of India and Indonesia is exactly what analysts and...
It’s back–the emerging market crisis that shook global markets just two weeks ago
Remember that emerging market crisis that whacked 10% out of the iShares MSCI Emerging Markets ETF (EEM) between July 31 and August 15--and even produced some anxiety in U.S. markets as the Standard & Poor's 500 fell 2.1% from August 7 through August 15? Well,...
Falling Yuan drives proposed U.S. tariff increase on Chinese imports
What's the relationship between the slide in the Chinese yuan--now down 6% since the start of the summer--and the tariff war between the United States and China? The Trump administration clearly believes that the drop in the yuan is a provocation, another example of...
Yuan continues to retreat; dollar continues to climb
The White House will not be amused at the continued trend in the currency markets. Overnight the overseas yuan lost more ground against the dollar. China's currency finished down 0.1% to 6.8890 to the dollar. The yuan had been down as much as 0.8% against the dollar....Jim’s Stock Alerts
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