June 30, 2020 | Daily JAM, Short Term |
We'll soon get new figures from the Federal Reserve now that the second quarter is coming to an end today, but I'd guess that the debt picture won't be better than it was at the end of the first quarter on March 31. At the end of May non-financial corporate debt in...
June 29, 2020 | AAPL, CRUS, Daily JAM, DIS, NXPI, PANW, SHAK, Short Term, TWLO |
I'd like to see this pattern season for a few more days--until next week I'd say--but I think I see a promising trading strategy for the second quarter earnings season that begins, in my mind at least, with JPMorgan Chase (JPM) before the market open on Tuesday, July...
June 28, 2020 | Daily JAM |
... really, really confusing and almost certainly misleading economic data. On Thursday, July 2, a day early because of the Fourth of July weekend, the Labor Department will report jobs numbers for June. Right now economists surveyed by Bloomberg are expecting a 3...
June 27, 2020 | 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. One of the...
June 26, 2020 | Daily JAM, Dip-O-Meter |
I think anyone who tells you they "know" where stocks are going next week is either smoking something (and I'd like some, please) or is looking to sell you something. In the last two weeks we've seen a market that was totally willing to look past all the evidence that...
June 26, 2020 | Daily JAM, Morning Briefing |
With Texas setting a one-day high for new coronavirus cases on Wednesday at 6,584 Governor Greg Abbott reversed a pledge that that going “backward” and closing down businesses was “the last thing we want to do.” Effective today bars must close (although they can...
June 24, 2020 | Daily JAM, Morning Briefing |
As of 1 p.m. today the Standard & Poor's 500 stock index was down 2.8% and the Dow Jones Industrial Average was lower by 2.29%. The tech-heavy NASDAQn Composite, a recent market bulwark, dropped 1.80% and the Russell 2000 small cap index resumed its position as...
June 20, 2020 | 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. If you're...
June 19, 2020 | Daily JAM, Morning Briefing |
Nothing sums up the uncertainty of the re-opening economy and the continued coronavirus pandemic than news today that Apple (AAPL) is temporarily again shutting some of its U.S. retail stores. The 11 closed stores are in Florida, Arizona, North Carolina and South...
June 18, 2020 | Daily JAM, Mid Term |
It wasn't a day for big moves in U.S. stocks. The Standard & Poor's 500 closed ahead 0.06% and the Dow Jones Industrial Average finished off 0.15%, for example. Nobody wants to get every far ahead of the trend--whichever direction it's pointing to. So, for...
June 18, 2020 | Daily JAM, Morning Briefing, Short Term |
If the contests between the stock market--which sees a rapid V-shaped recovery for the economy--and the Federal Reserve--which sees a slow recovery very stretching over two years, today's report on New Claims for Unemployment comes down on slow recovery side. Initial...
June 17, 2020 | Daily JAM |
I'm as much in favor of reality as the next guy. Maybe more so. And during the coronavirus pandemic and the current economic re-opening I've been scarfing up every bit of data that I can. I begin my day by digging into the latest news of cases n Arizona, Texas, and...