February 5, 2020 | Daily JAM, Short Term |
In the last week of January investors pulled nearly $12.6 billion out of mutual funds and exchange-traded funds that hold U.S. stocks. That extended the longest retreat from U.S. stocks since 2016, according to data released Wednesday, February 5, by the Investment...
January 2, 2020 | Daily JAM, Morning Briefing, Short Term |
We've seen this before. And investors and traders seem determined to keep a good thing going--until it doesn't work anymore. Today, January 2, the first trading day in the new year for U.S. markets, stocks were off to the rally races again. The Standard & Poor's...
April 30, 2019 | Daily JAM, Mid Term, Morning Briefing |
If this market runs out of bears, I think it's in trouble. And today one of the market's few remaining bears capitulated to the rally. Wells Fargo’s head of equity strategy Christopher Harvey hiked his year-end price target for the Standard & Poor's 500 Index to...
April 26, 2019 | AMZN, Daily JAM, Stock Alerts |
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March 19, 2019 | Daily JAM, Morning Briefing, Short Term |
"Fear of missing out" is driving this stage of the market rally. Fund managers were under allocated to equities at the start of the year and are now playing catch-up with the indexes. And since the consensus is that the Federal Reserve has the market's back, there's...
March 13, 2019 | Daily JAM, Morning Briefing |
Orders for durable goods rose 0.4% in January, the Census Bureau reported this morning. Economists surveyed by Briefing.com had projected a 0.6% decrease. Ex-transportation new orders, which means excluding volatile aircraft orders (for January remember and therefore...
March 13, 2019 | Daily JAM, Morning Briefing |
The Standard & Poor's 500 fitted with 2800 again before closing at 2791.52. That certainly puts the index within striking range of 2800 again--but in 2019 the market has shied away from breaking and holding the level. So consider this another test--until stocks...
March 2, 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. At hedge...
January 30, 2019 | Daily JAM, Short Term |
It's hard for me to see the Federal Reserve's statement today after the meeting of the Open Market Committee, and then Fed chair Jerome Powell's presentation at the most-meeting press conference, as anything other than capitulation to the financial markets. Back in...
January 30, 2019 | Daily JAM |
Today the Federal Reserve's Open Market Committee said it will The Federal Reserve said it will be “patient” on any future interest-rate increases. moves. And it will be flexible and “prepared to adjust any of the details for completing balance sheet normalization in...
January 23, 2019 | Daily JAM, Short Term |
Most of the major U.S. stock indexes clawed their way back into the green after a mid-day journey into the red. The Standard & Poor's 500, for example, closed the day up 0.22% (at 2638) from the Tuesday close. But that was still below the 2641 the index began...
January 23, 2019 | Daily JAM, Morning Briefing, Short Term |
And, as of 12:30 p.m. New York time, negative trade sentiment was winning. The day started off with positive earnings reports--earnings beats and positive guidance--from IBM (IBM), Procter & Gamble (PG), and United Technologies (UTX). In premarket trading the...
