November 3, 2022 | Daily JAM, Videos, Volatility |
Today I posted my two-hundred-and-first YouTube video: Quick Pick Brazil ETF EWZ. This week’s Quick Pick is Brazil, iShares MSCI Brazil ETF (NYSEARCA: EWZ). While the election in Brazil isn’t totally over with an actual concession speech, it’s clear Luiz Inacio Lula da Silva has defeated President Jair Bolsonaro, making Bolsonaro the first Brazilian President ever to not win a second term. Bolsonaro has yet to concede to Lula and his followers are still engaged in massive protests against the outcome. Even if Bolsonaro never concedes, a good measurement of how the post-election violence is trend is the number of roadblocks by Bolsonaro supporters throughout the country. The current count is 192 roadblocks cleared, 271 still up – but the Supreme Court has imposed fines to put pressure on the police to remove the roadblocks. As the roadblocks go down and Bolsonaro supporters gradually retreat from violence, Brazilian stocks will go up as Lula steps into the presidency. The iShares MSCI Brazil ETF currently is paying a hefty dividend of 11% 12% and you get a lot of exposure to Petrobras and Brazilian consumer stocks. I especially like that consumer exposure since I think Lula will invest in the consumer sector.
March 13, 2022 | Daily JAM, EUM, Short Term, Volatility |
I think the trend has finally turned against emerging market stocks. All it took was the threat of a debt default by Russia. That shift is too late for the Brazil and Mexico Put Options I bought on January 24, which expire on Mach 18. But with a Russian debt default looming I’m replacing those Puts with an ETF that shorts the major emerging markets index.
March 10, 2022 | Daily JAM, Videos, Volatility |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My one-hundredth-and eleventh YouTube video “Russia’s looming default” went up today.
July 7, 2020 | Daily JAM, Morning Briefing |
United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked...
June 11, 2020 | Daily JAM, EWZ |
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June 9, 2020 | Daily JAM, EWZ, Morning Briefing, Short Term, WFC, You Might Have Missed |
Prices on options market are saying that there's an awful lot of risk in some of the stocks that have soared the most in the rally of the last few weeks. Buyer beware! at this point. On Friday, when stocks soared on the May jobs report surprise, I went fishing in the...
May 1, 2020 | Daily JAM |
Brazil's government says the country has 80,000 confirmed coronavirus cases. Public health experts say the number could be as high as 1 million. But Brazil is doing almost no testing-- “12 times fewer people than Iran, and 32 times fewer than the United States,”...
April 24, 2020 | Daily JAM, EWZ |
As of the close on April 24, the iShares MSCI Brazil Capped ETF (EWZ) was down 7.71% today t0 $22.15. Brazil is facing an intertwined crisis as a president who has called the coronavirus pandemic a "fantasy" also struggles with a political crisis that threatens his...
April 6, 2020 | Daily JAM, EWZ, Volatility, You Might Have Missed |
I understand why U.S. and European stocks are up so strongly today on news that the rate of new infections is dropping in Spain and Italy and that New York looks to be on a similar path with a possible peak in coronavirus cases sometime in the next week to 10 days....
June 11, 2019 | Daily JAM, Mid Term, VALE, Volatility, You Might Have Missed |
There are so many currents and counter currents in this market that it makes New York's historically turbulent tidal estuary Spuyten Duyvil look like the turtle pond at 104th Street in Central Park near my house. For example, today, while the general market worried (a...
May 24, 2017 | Daily JAM |
Tens of thousands of demonstrators demanding the impeachment or resignation of President Michel Temer fought with police in Brasilia today. Protestors set fire to the Ministry of Agriculture. Remarkably the Brazilian real fell just 0.16% against the U.S. dollar. And the iShares MSCI Brazil Capped ETF (EWZ) actually gained 1.09% in the official session. I’m not quite sure what the degree of calm argues.
May 21, 2017 | Daily JAM, Friday Trick or Trend, Volatility, You Might Have Missed |
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...
