September 19, 2023 | Daily JAM, Mid Term, Special Reports |
In this Special Report I’m going to start by sorting out the data that the market’s moves will likely depend on for the rest of 2023. That’s today’s post, Part 1 of this Special Report. Then I’ll try to handicap the likelihood that the data will zig or zag. And give you a sense of how far away from the current consensus the actual result might fall. And then finally, I’ll give you 10 moves for the rest of 2023 that are the most likely, in my opinion, to result in profits and that won’t wind up costing you big if the data winds up throwing investors a curve.
October 31, 2022 | Daily JAM |
It’s certainly a novel take on fighting inflation. On Thursday, the government of Japan announced $197 billion in new stimulus spending. And the Bank of Japan said it has no plans for an early increase in interest rates. The overnight interest rate at the Bank of Japan is at negative 0.1% and the bn k continues to keep the yield on the 10-year bond at 0%. This isn’t the traditional way to fight inflation, which in September ran at 3% in Japan.
October 20, 2022 | Daily JAM |
South Korea will resume buying corporate debt through an existing $1.1 billion bond stabilization fund and will prepare to increase the size of that fund, the government Financial Services Commission said this week. The bond stabilization fund was established in April 2020. Signs of increased stress are showing up in the South Korean corporate debt market.
October 6, 2022 | Daily JAM |
The U.S. dollar was up hard today, October 6. The Invesco DB U.S. Dollar Bullish Fund ETF (UUP) rose 1.00%. The Dollar Spot Index (DXY) gained 0.90% And Treasury yields resumed the upward move that has erased much of the gain in bond prices of the last week.
September 17, 2022 | Daily JAM, Friday Trick or Trend |
This past week the People’s Bank of China looks like it decided to defend the yuan instead of stimulating the economy.
September 7, 2022 | Daily JAM, Videos |
My one-hundred-and-seventy-second YouTube video: “Will the Strong Dollar Crash the Global Economy?” went up today. We need to talk about a crisis. During this period of the strong dollar, (in comparison with the rest of the global economy), central banks are in a tough position. It’s a no-win situation and has me worried about the global economy as a whole. Watch the video to see my suggestions going forward.
August 8, 2022 | Daily JAM, Friday Trick or Trend, Morning Briefing, UUP, Volatility |
In the last week, as odds have climbed of a 75-basis-point interest rate increase from the Federal Reserve at its September 22 meeting, the U.S. dollar has reversed its slide during the last two weeks of July.
Stands to reason. Higher U.S. interest rates make dollar-denominated assets, such as Treasuries, more attractive. More dollar buying, stronger dollar.
July 12, 2022 | Daily JAM, Jubak Picks, Perfect Five-ETFs, Volatility |
In my July 7 YouTube video: “Quick Pick UUP” I added the Invesco DB U.S. Dollar Index Bullish Fund (UUP) to my Perfect 5 ETF Portfolio. (To replace the Consumer Staples Select Sector SPDR ETF (XLP) in that portfolio. More on that in another post today.) Today I’m also going to add this dollar ETF to my Volatility Portfolio and to my Jubak Picks Portfolio. I’m setting a target price of $33.20 in the Jubak Picks Portfolio. You should take the fact that I’m adding a dollar position to three portfolios as an indication of how strongly I feel about a continued strong dollar.
July 9, 2022 | Daily JAM, Friday Trick or Trend |
Gold fell below $1800 an ounce this week to close at $1742 per ounce for August delivery on the Comex in New York. And frankly, I don’t see gold turning around until 1) we get a signal from the Federal Reserve that the biggest interest rate increases are behind us, or 2) we get a big, bigger, biggest fear-inducing event that sends everybody scurrying to their hedges. Until then, I think a stronger dollar will continue to pressure gold (and silver) lower.
July 7, 2022 | Daily JAM, Perfect Five-ETFs, UUP, Videos |
My one-hundred-and-fifty-fifth YouTube video “Quick Pick UUP Dollar ETF” went up today. In my video yesterday (if you missed it, go watch!) I explained why a strong dollar has hit commodity stocks hard, and why I think the dollar will continue to be strong. One strategy I suggested: Investing in an ETF that tracks the dollar. My recommendation here is Invesco Dollar Index Fund (UUP). I’ll be adding it to my ETF Portfolio on my JubakAM.Com subscription site on July 8.
July 20, 2016 | Daily JAM, Morning Briefing, Short Term |
Shares of Microsoft (MSFT) closed up 5.31% today after the company announced earnings that beat Wall Street projections. It’s always worth taking a look at what “beating Wall Street projections” actually means in any specific case. Lowering projections and then beating them is an old Wall Street game–and it seems that’s what we’re seeing here.
December 23, 2015 | Daily JAM, Morning Briefing, Short Term |
Revised figures show the U.S. economy growing at a 2.0% rate in the third quarter but consumer spending minus inventories and exports increased at a 2.9% pace