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...
An interest rate sign of our times–3% on a CD
So there I was, minding my own business, walking down Broadway in my neighborhood, and what do I see in the window of a local bank: An offer for 3% on a five-year CD. Now this wasn't in the window of one of the megabanks that dominate this sector in New York. But it...
Markets today “seem” to say North Korea summit more important than G7 explosion
At 2 p.m. New York time the Standard & Poor's 500 stock index was up 0.3%. The Dow Jones Industrial Average was ahead 0.22%. And the NASDAQ Composite index had inched higher by 0.27%. Which is surprising given that the Group of 7 meeting ended Saturday with the...
Emerging markets “emerging” as focus of worry over trade, strong dollar, credit crunch
If you can't tell from the cascade of negative commentary, you certainly should be able to tell from trend in share prices: emerging markets have become the focus of current worries about global trade, the effects of a strong dollar, and the potential for a credit...
Here we go again on the euro: The bad news is that Italy’s financial crisis is political
The good news is that the European Central Bank, thanks to the global financial crisis and the Greek debt crisis, has mechanisms in place to support Italian bonds, Italian banks, and the Italian financial system. The bad news is that an Italian government has to ask for that help after swearing to be fiscally responsible. At the moment there is, once again, no Italian government. A bid by the populist parties that came in ahead of the field in the latest election was rejected by Italy’s president. And these parties aren’t likely to meet the European Central Bank’s requirements for help.
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