November 8, 2020 | Daily JAM, Short Term |
... the dollar. The dollar continued to fall last week. The dollar spot index (DXY) of the dollar against a basket of other major trading currencies is now down 4.32% for the year (as of the close on November 6.) More recently, the dollar is down 5.3% since June 29....
August 22, 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. Of course,...
August 4, 2020 | Daily JAM, Morning Briefing |
The weak dollar of the past few months has been a boon to emerging market assets. It has made the dollar-denominated interest payments that many companies in these economies need to make cheaper in local currency terms. It has helped support financial assets in...
March 27, 2020 | Daily JAM |
We won't know until March 31 when he purchasing managers' indexes for China are released but it looks like China will see its first quarterly contraction of its economy in decades and the weakest year since 1976. The problem is that just as Chinese factories are going...
December 18, 2019 | Daily JAM, EUM, Stock Alerts, Volatility |
I don't know whether you've been able to hear it over all the other market noise--All the shouting on Brexit, for example--but there is a distinct and increasingly loud call from Wall Street that 2020 is the year to get back into emerging market assets. I don't happen...
December 8, 2019 | Daily JAM, Saturday Night Quarterback |
... central bank week. The Federal Reserve announces changes to U.S. benchmark interest rates on Wednesday, December 11. The central bank is expected to keep rates at current levels. The European Central Bank meets a day later, on Thursday, December 12. It too is...
September 6, 2019 | Daily JAM, Volatility, You Might Have Missed |
With China's economy expected to slow further in September after poor results in July and August, the People's Bank of China cut the amount of cash that banks must hold as reserves to the lowest level since 2007. The required reserve ratio for all banks will be...
August 30, 2019 | Daily JAM, EUM, Volatility |
As I wrote in my August 26 post "Risk and uncertainty soared on Friday--and not for the reasons you might first think" I think that Friday's retaliatory tariffs from China and then the Trump administration's retaliation to the retaliation--plus rhetoric from President...
June 2, 2019 | Daily JAM, EEM, Perfect Five-ETFs, Stock Alerts |
In an ideal world, I would have finished my Special Report on the Crisis in Global Capitalism On my subscription JubakAM.com site by now so I could place this sell--and the coming buy of a Treasury ETF--in the context of that crisis. But this isn't an ideal world....
December 26, 2018 | Daily JAM, EEM, Perfect Five-ETFs, XLU |
Now that the Federal Reserve has decided to slow the pace of its interest rate increases in 2019--perhaps ultimately all the way to one or none--I think it's time to up the utilities exposure in my Perfect 5 ETF Portfolio. Especially since in this market I'm looking...
December 2, 2018 | Daily JAM, Short Term |
Just about everything was up in the overnight market. Asian stocks climbed. So did the Australia dollar and the Chinese yuan. And, importantly for U.S. investors, the S&P 500 index futures gained 1.5% in overnight trading. Emerging market currencies were all...
December 2, 2018 | Daily JAM, Morning Briefing, You Might Have Missed |
The results are good enough. At their dinner meeting at the Group of 20 meeting in Buenos Aires U.S. President Donald Trump and Chinese President Xi Jinping made enough progress to take more of the risk of a U.S.-China trade war out of global financial markets. I...
