July 20, 2019 | 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. On...
July 12, 2019 | Daily JAM, Morning Briefing |
Trade analysts call Singapore's export-driven economy the canary in the coal mine for the global economy. In which case that canary is looking kind of wobbly lately. Singapore's GDP contracted at an annualized 3.4% rate in the second quarter. That's the biggest...
July 10, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Federal Reserve chair Jerome Powell had an opportunity this morning to talk down the odds of an interest rate cut at the central bank's July 31 meeting in testimony in front of the House Financial Services Committee. He didn't--and I think that makes a 25 basis point...
June 27, 2019 | Daily JAM, GOLD, Morning Briefing, VGIT, VGSH |
Today with the yield on the 10-year Treasury down to 2.02%, a drop of 2 basis points, two Wall Street heavy weights are predicting that we haven't seen a bottom in yield yet. Not by a long shot. Goldman Sachs today cut its forecast for the year-end yield on the...
June 25, 2019 | Daily JAM, Morning Briefing, Short Term |
The financial markets are getting ahead of themselves in a bad case of rate cut fever, Fed chair Jerome Powell, and St. Louis Fed President James Bullard both said today. This is a message that I've been waiting to hear as the financial markets moved to price in not a...
June 21, 2019 | Daily JAM, GOLD, Stock Alerts |
It hasn't taken much--fears of war with Iran, a trade war with China, and signals of at least 50 basis points in interest rate cuts from the Federal Reserve--but gold has finally broken out of its 5-year trading range. Gold shot higher on June 20, testing the March...
June 18, 2019 | CTVA, Daily JAM, Special Reports, Volatility, You Might Have Missed |
This isn't time for investing as usual. As whacky as the first half of 2019 has been--the Federal Reserve embraces interest rate cuts, the U.S. and China descend further into a trade war, the U.S. economy turns in better than 3% growth but fears for a slowdown in...
May 3, 2019 | Daily JAM, GLD, Perfect Five-ETFs |
Maybe investors are in love with the U.S. stock market--but global central banks are as enthusiastic about the U.S. Dollar. In the first quarter gold purchases by global central banks were the highest in six years. The move into gold seems to come from a desire to...
March 18, 2019 | Daily JAM |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
January 25, 2019 | Daily JAM, GLD, Morning Briefing |
Gold hit a seven month high on Friday, gaining more than 1%. Spot gold briefly broke above $1300 an ounce. Gold futures climbed 1.5% to $1,298.30 an ounce. The SPDR Gold Shares ETF (GLD) climbed 1.46% to $122.86 on volume 10% above the daily average. The 52-week high...
January 2, 2019 | Daily JAM, Morning Briefing |
It's not just China anymore. Unfortunately. The Caixin Media and IHS Markit Purchasing Managers Index for China's manufacturing sector fell to 49.7 in December from 50.2, its lowest reading since May 2017. That confirms a trend seen in the official government PMI on...
December 31, 2018 | Daily JAM, Morning Briefing |
On Saturday President Donald Trump reported “big progress” in trade talks with his Chinese counterpart Xi Jinping after a long phone call on Saturday. The President added that negotiations were “moving along very well” toward a comprehensive deal. The statement from...
