April 2, 2024 | Daily JAM |
Today’s Hot Button Moves NOW video is Buy Japanese Yen. I frankly can’r remember the last time I recommended buyinfg Yen. No one has wanted to buy the Yen for a long time, and it was the last major currency to have negative interest rates. The Bank of Japan has finally moved interest rates into positive territory. But, just barely. U.S. 10-year Treasury yields are currently at about 4.2% and the gap is about 3.5% between that and the Japanese government bond. A popular short is betting that the gap will get even wider. And the Yen is under speculative attack with market pressure to driving it down lower. But the Yen is currently too low, the Bank of Japan is starting to say ans the current price against the dollsr is around where it was the last time the Bank of Japan intervened. It’s likely we’ll hear more talk of intervention in the next three months or so and because there’s such a large short position we’re likely to see a decent pop in the Yen. To take advantage of this (potential) bounce, you can use the Invesco CurrencyShares Japanese Yen Trust ETF (FXY). Also, I would hold on to any Japanese stocks until we see that bounce. This isn’t a long term play, nor should it be a big chunk of your portfolio, but it’s a play that could see pop in the next three months.
March 8, 2021 | Daily JAM, FXY, JD, Jubak Picks, VGIT, Volatility |
Let’s be clear. I don’t have any idea of when the current selling in technology and high-valuation growth momentum stocks will end. It does seem likely to me, even after the March 9 bounce, that the rotation into cyclicals, vaccine recovery stocks, and value stocks will continue for a while. From that perspective, I’m glad that I added Invesco KBWB Bank ETF (KBWB), Vulcan Materials (VMC), Caterpillar (CAT), MGM Resorts International (MGM) and Coca Cola (KO) to my Jubak Picks Portfolio since the middle of February. And that I added Dow (DOW) and Citigroup (C) to my Dividend Portfolio in Mid-December. (All those picks are in the black since my purchase date. You can check the online portfolios to see by how much.) But now that the NASDAQ Composite has dropped into an official correction–down 10% from its February 12 high–I’d like to be holding some more cash in case
June 25, 2020 | Daily JAM, Stock Alerts |
A while back I sold the Invesco Currency Shares Japanese Yen ETF (FXY) out of my Perfect Five ETF Portfolio because I was looking for more diversification in that limited five ETF portfolio. (I replaced it with the iShares Large Cap China ETF (FXI) on April 20, 2020....
August 14, 2019 | Daily JAM, GDX, IEF, Mid Term |
Last night I added Step #1 to my Special Report 5 Is Your Portfolio Ready for the Next Big? The post below is a cut and paste of the material I added to the Special Report. I'm posting it separately here to make it a bit more accessible. In my macro picture, I wrote,...
August 6, 2019 | Daily JAM, Special Reports |
Is a Recession coming? I don't mean "someday." Someday the sun will go nova but I don't need to price that in to my investment strategy. But a Recession in 2020 or 2021? That's something to take into account. And to prepare for to the degree possible. Or a Credit...
December 27, 2018 | Daily JAM, FXY, Perfect Five-ETFs, VEA, Volatility |
Back on October 3 I switched from the  Invesco Currency Shares Japanese Yen ETF (FXY) to the Vanguard FTSE Developed Markets ETF (VEA) in an effort to get a little more performance out of this slot in my Perfect 5 ETF Portfolio. (This ETF invest in both Japan and...
October 3, 2018 | Daily JAM, Perfect Five-ETFs, VEA |
Earlier today I sold the Invesco Currency Japanese Yen ETF (FXY) in my Perfect 5 ETF Portfolio. Now I'm replacing it with the Vanguard FTSE Developed Markets ETF (VEA). The sell and the buy will cut the portfolio's exposure to the Japanese yen and increase its...
October 3, 2018 | Daily JAM, FXY, Perfect Five-ETFs, Stock Alerts |
As I wrote in the Bonus ETF section of my recent Special Report: 10 Picks for the Emerging Market Bounce I'm selling the Invesco Currency Shares Japanese Yen ETF (FXY) out of my Perfect Five ETF Portfolio. I added this to the portfolio on July 17, 2018 to give me more...
July 20, 2018 | Daily JAM, FXY, Morning Briefing, Perfect Five-ETFs, Short Term |
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...
July 10, 2018 | Daily JAM, Short Term, Special Reports |
If you were to ask me today to characterize the U.S. stock market, I'd ask "Over what time period?" It matters and it matters intensely. In the long-ish run--say over the next two to three years--I think we're headed toward a credit crunch and a Minsky Moment where...
June 12, 2018 | Daily JAM, EQNR, Mid Term, Special Reports, TS, Volatility |
So let's say you find my argument that we're now in a Late Cycle Market with a credit crisis looming sometime in the next 2 to 3 years. You think you can see a classic Minsky Movement approaching as lenders and investors take on more risk--after all what can go...
