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....
Beijing decides it can’t stand the pain of a bear market in stocks
Yesterday, Tuesday, July 24, the Shanghai Composite Index rose 1.6% on Tuesday for its biggest three-day rally since March 2016 as the Chinese government announced measures to bump up economic growth. The plans, as usual, centered on infrastructure spending, with the...
Trick or Trend: Russia dumps U.S. Treasuries in sign of things to come?
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday 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. A report...
Dollar falls as President Trump criticizes Federal Reserve policy again
For a second straight day President Donald Trump has tweeted out criticism of the Federal Reserve's policy decision to raise interest rates. In his tweets today the President wrote: "China, the European Union and others have been manipulating their currencies and...
Buying the Invesco CurrencyShares Japanese Yen ETF in my Perfect 5 ETF Portfolio
Following my own recommendation in my Special Report 5 Places to Hide from a Downturn--and Still Make Some Money I'm adding "Invesco CurrencyShares Japanese Yen ETF (FXY) to my Perfect 5 ETF portfolio today. As I wrote in that Special Report, "JPMorgan Chase recently...
Asia markets in one-day bounce–but I’ll take it
News from Asian markets has been so bad lately, with China in a bear market and Japan in a correction--that even today's one-day bounce seems like extraordinarily good news. In Japan, which has been in a stock market correction, the Nikkei 225 index climbed 1.2%....
My baseline U.S. stock market scenario for the next 30 days
So much negative uncertainty from big possible events. Such strong short term earnings fundamentals. How will these all balance out? Before I get to my take on the answer to that question let's take a brief stop to look at what a baseline scenario is and why putting...China’s growth slows again–although the decline is very modest
Monthly figures continue to show that China's growth rate is in a very gentle downward trend--the People's Bank doesn't seem to be worried though In May retail sales grew by 8.5% year over year. That was below the 9.6% growth expected by analysts surveyed by...
European Central Bank tries to have it both ways–which leaves nobody very happy
At today's meeting, the European Central Bank agreed to phase out its bond buying by the end of 2018 with purchases of $17.7 billion (15 billion euros) in each of the final three months of the year. (Bond buying will continue at the current rate of 30 billion euros a...Jim’s Stock Alerts
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