November 29, 2018 | Daily JAM |
Released Thursday afternoon, the minutes from the November 7-8 Federal Reserve meeting confirmed the on-going debate at the U.S. central bank about how close benchmark interest rates are to neutral, the level that neither stimulates nor depresses economic activity. It...
November 29, 2018 | Daily JAM, Morning Briefing |
Yesterday, Wednesday November 28, U.S. stocks saw a huge bounce with the Standard & Poor's 500 climbing 2.3% on a speech by Federal Reserve Chairman "suggesting" that the Fed might slow the speed and limit the number of interest rate increases in 2019. Today,...
November 28, 2018 | Daily JAM, Short Term |
Sometimes the market hears what it wants to hear and then storms higher (or lower) on what is little more than a hint. In the short run that doesn't much matter since the oftentimes huge gains are real and investors can and do take them to the bank. In the somewhat...
November 18, 2018 | Daily JAM, Morning Briefing, Short Term |
The Fed is sounding less aggressive about raising interest rates in 2019. Today, Friday, November 16, Federal Reserve Vice Chairman Richard Clarida said that the Federal Reserve has to factor the possibility that the global economy is slowing into its decision on how...
November 18, 2018 | Daily JAM |
... volatility in asset classes that range from oil to stocks to the U.S. dollar, as traders and investors try to figure out how to "price in" a metric ton of macro uncertainty scheduled for the next three weeks. Enjoy turkey and family and friends the week because...
November 12, 2018 | Daily JAM, Mid Term |
The U.S. Dollar Spot Index (DXY) is up again today, climbing 0.66% to 97.053. Since the index that tracks the dollar against six other major trading currencies bottomed for 2018 back on February 15, the dollar has gained 8.72%. The bulk of those gains are even more...
November 5, 2018 | Daily JAM, Morning Briefing, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
November 3, 2018 | Daily JAM, Morning Briefing, Special Reports |
Scary market, huh? Completely unpredictable it seems, right? Up on Tuesday October 30 with the Standard & Poor's ahead 1.57% at the close and the technology-heavy NASDAQ Composite ahead 1.58%. Quite a turn about from the previous day when the S&P 500 finished...
November 2, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series ( surprise, actually running on Friday 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....
October 31, 2018 | Daily JAM, Short Term |
Stocks broke strongly higher out of the gate this morning, held onto most of their gains until about 3:15, and then slid into the close. The Standard & Poor's 500, which had been up 1.94% as of 3:17 p.m. New York time, finished the session up 1.09%. The Dow closed...
October 30, 2018 | Daily JAM, Long Term, Morning Briefing, You Might Have Missed |
Amazing what important financial news can get pushed off the front page these days. On Monday the drop of even more U.S. indexes into correction territory and reports that the White House was teeing up new tariffs on another $250 billion in Chinese goods pushed truly...
October 26, 2018 | Daily JAM, Friday Trick or Trend |
Our regular (or occasional or perhaps occasionally regular) Friday series ( surprise, actually running on Friday 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....