March 20, 2020 | Daily JAM, Short Term |
Let me emphasize that "for the week." The storm of bad news continued today with the European Union saying that the 2020 recession in that bloc may be as bad as 2009. Goldman Sachs warned that the U.S. economy may shrink 24% year over year in the second quarter. Oil...
March 17, 2020 | Daily JAM, Special Reports |
The definition of a bear market is rather simple: It's a drop of 20% or more from the market high. By this standard we've recently moved into a bear market on all the major U.S. stock indexes--and indeed on all the major overseas indexes with the exception, for the...
March 16, 2020 | Morning Briefing |
The Federal Reserve's Sunday night "shock and awe" campaign--interest rates cut to 0% and $700 billion in bond buying--shocked stocks into a panic at the open Monday morning. With stocks down 11%, trading restrictions went into effect. When trading resumed, U.S....
March 11, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
As of 1:45 p.m. in New York the Standard & Poor's 500 is down 4.62% and the Dow Jones Industrial Average is off 5.13%. The NASDAQ Composite is lower by 4.40% and the Russell 2000 small cap index, with its heavy load of smaller U.S. oil producers, has lost 5.23%....
March 2, 2020 | Daily JAM, GOLD, Perfect Five-ETFs |
Usually gold, a safe haven, time-of-fear asset, rises when stocks stumble and worries climb. Not during last week's big sell off in stocks. Then gold and gold stocks moved down along with stocks. Today, however, as the Standard & Poor's 500 rallied to end the day...
February 26, 2020 | Daily JAM, Morning Briefing |
This morning it looked like U.S. stocks would bounce from the drop of Monday and Tuesday--about 6% on the Standard & Poor's 500. As of 10:51 a.m. New York time the index was up 1.64% to 3182.08. But that has turned out to be the high of the day. By 12:18 p.m. the...
February 24, 2020 | Daily JAM, Short Term |
What's different this week? Why is the market plunging today on coronavirus fears when last week it shook off the news? Because the last few days have brought news that the coronavirus isn't limited to China anymore. From Italy comes a report that the Armani fashion...
February 23, 2020 | Daily JAM |
... the worsening news on the spread of the coronavirus to push yields on U.S. Treasuries even lower as investors and traders look for safe havens. On Friday the yield on the 30-year Treasury set a new all-time low below 1.90% before closing the day at 1.91%. The...
February 14, 2020 | Daily JAM, GOLD, Stock Alerts |
Barrick Gold (GOLD) reported fourth quarter earnings of 17 cents a share on Wednesday, February 12. That beat the 14 cents a share estimate from Wall Street analysts for the quarter. A year ago the company earned 6 cents a share in the fourth quarter of 2018. But that...
February 6, 2020 | Daily JAM, GOLD, Stock Alerts |
Gold is supposed to go up when investors and traders are looking for safe havens and hedges against market volatility. So it makes sense the gold and gold mining stocks are gaining as coronavirus stalks through the land. Gold closed up 0.99% today to $1570.50 an...
January 31, 2020 | Daily JAM, Morning Briefing |
As of 3 p.m. in New York today, the Standard & Poor's 500 was down 1.56% and the Dow Jones Industrial Average was lower by 1.89%. The NASDAQ Composite was holding up better with only a 1.27% drop. The small cap Russell 2000 continued as the weakest of the major...
January 29, 2020 | AG, Daily JAM, GLD, GOLD, Perfect Five-ETFs, Volatility |
Gold held by ETFs (exchange-traded funds) hit the highest level in seven years on Tuesday as investors and traders piled into the traditional hedge against uncertainty and stock market volatility. Worldwide gold holdings in ETFs rose to 2,561.2 tons as of Tuesday, the...
