November 2, 2022 | AAPL, Daily JAM, Top 50 Stocks |
On Tuesday, November 1, Chinese stocks roared back on an unverified online rumor that the government had formed a committee to assess scenarios on how the country could end its Covid lockdown policy. Today, that rally has stopped dead after the Chinese Foreign Ministry said it was unaware of such a committee and after the government announced a seven-day Covid lockdown at the factory that produces Apple’s iPhone
July 11, 2022 | Daily JAM, Morning Briefing |
China’s stocks took a beating today, July 11, on worries that the country is headed for a replay of the Pandemic lockdowns that battered the country’s economy earlier this year. In Shanghai, the flash point in the lockdown that ended just 5 weeks ago, the Covid case-load continued to march high. The city reported 59 new infections on Monday, the fourth day in a row with case numbers above 50. The sharp rise from single digits about a week ago follows the detection of the more contagious BA.5 sub-strain of the omicron variant. Nationally, close to 30 million people, are under some form of movement restriction. In Macao, state regulators moved to close all casinos for the first time since the early stages of the pandemic.
May 17, 2022 | BABA, Daily JAM, FXI, Jubak Picks, Perfect Five-ETFs, TCEHY, Top 50 Stocks |
Today, Tuesday May 17, China’s top economic official, Vice Premier Liu He, said that the government will support the development of digital economy companies and their public stock listings. The comments delivered after a symposium with the CEOs of some of the country’s largest private technology companies came just a day after the National Bureau of Statistics reported that industrial output fell 2.9% in April from April 2021, and that retail sales contracted 11.1%. Financial markets in China and the United States interpreted the remarks as a public show of support for China’s Internet companies
March 21, 2022 | Daily JAM, Morning Briefing |
Monday was a great day to be invested in stocks. As long as you were invested in commodity stocks.
March 16, 2022 | Daily JAM, FXI, Jubak Picks, Morning Briefing, Perfect Five-ETFs, TCEHY, Top 50 Stocks |
Yesterday, March 15, I was thinking that I wished I didn’t own any China stocks at all. Today, March 16, I wished I owned more. Lot’s more.
February 19, 2022 | Daily JAM, Short Term, You Might Have Missed |
Yes, interest rates and the Federal Reserve and the Ukraine/Russia conflict are likely to dominate stock market direction this week, but don’t forget the power of the Iran/United States nuclear talks to move oil prices or the power of moves by Chinese regulators to wipe billions off the value of the country’s Internet stocks
January 2, 2022 | Daily JAM, FXI, Mid Term, Perfect Five-ETFs, TCEHY, Top 50 Stocks |
In other years this would clearly be the time to jump into China stocks. What we have right now is a classic, tried-and-true set up for big gains from buying China stocks. With a “but” or two that suggests a cautious strategy. But I will be buying shares of Tencent Holdings and the FXI ETF on Monday, January 3.
October 7, 2021 | Daily JAM |
Stocks climbed today on news that Republicans in the Senate had agree to suspend the debt ceiling until December. That puts off a potential “selective” default by the U.S. government until that month. Stocks, especially those with China exposure, also rallied on news today that China’s president Xi Jinping would meet with U.S. President Joe Biden before the end of the year. The assumption is that the two leaders would be able to take some of the current tension out of the U.S.-China relationship.
August 3, 2021 | Daily JAM |
Last Wednesday, July 28, Chinese financial regulators told big investors–banks and investment groups heavily exposed to China’s stock market–not to worry. China’s financial markets were sound and despite the fears engendered by the government’s crackdown on the country’s private, for-profit, education companies, the government was not looking to reverse decades of growth by companies in China’s private sector. The meeting worked. Stocks of companies like Meituan (MPNGF), China’s dominant food delivery company (with ambitions to become a full-range e-shopping competitor) rose to $30.07 on the day from $26.00 the day before. But the reassurance worked for only a few days. Today, August 3, for example, Meituan was back in the red, falling 4.48% to $26.95 to erase almost all of its “re-assurance” bounce. Today, I’m selling Meitun and Naspers (NPSNY), a South African company with a huge position in China’s Tencent Holding (TCEHY) out of my Volatility and Jubak Picks Portfolios, respectively.
July 28, 2021 | BABA, Daily JAM, MPNGF, TCEHY, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-sixth YouTube video “Is China un-investable?”-went up today.
July 16, 2020 | Daily JAM, JD, MPNGF, Volatility, You Might Have Missed |
The Chinese economy returned to growth in the second quarter with gross domestic product climbing 3.2% in the quarter from the June quarter of 2019. That was a recovery from the 6.8% drop in GDP in the first quarter and the results beat projections for 2.4% growth....
July 6, 2020 | Daily JAM, Morning Briefing |
Chinese stocks are burning up the track--and that has led the way to a shift toward "risk on" assets across global markts. Today alone the Shanghai Composite Index was up 5.71% as of noon New York Time. This continued as streak that has seen the CSI 300 Index gain 14%...
