July 8, 2021 | Daily JAM, Short Term, You Might Have Missed |
I’ve read all the headlines explaining today’s drop in stocks, and yesterday’s and the day before. The chaos at OPEC and in oil prices. Fears that the economic recovery is slowing. Thoughts that inflation isn’t a worry and that instead we should fret about deflation. There is some truth to all these explanations. But I don’t see much of the way in news to support a major change in market trend and sentiment. And when I see a big, fast move like that of the last three days or so without much in the way of news to change investors’ view of the world, my thoughts turn to computers and program trades
March 27, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
For a while it looked like bullish investors and traders would manage to pull the market even into the close. That would have been quite a positive feat after a huge 3-ay rally and going into a weekend. At 3:27 p.m.New York time today the Standard & Poor's 500 was...
October 16, 2019 | AAPL, Daily JAM, MSFT |
The Technology Select Sector SPDR ETF (XLK) may indeed follow the technology sector of the Standard & Poor's 500 stock index. But don't expect much in the way of diversification from the ETF. The latest figures on Yahoo Finance show that 19.55% of the ETF's assets...
December 6, 2017 | Daily JAM, Morning Briefing |
Earlier than usual end of the year profit-taking. Sector rotation. Stretched valuations. All seem to have played a role in the retreat in momentum stock that has driven U.S. stocks lower in the last 10 days. And now we’re getting experts on program trading pointing at the role of computers in the slump and especially systematic trading programs that rely on weighting what the strategy calls “factors” to guide buys and sells.
