August 6, 2018 | Daily JAM, Mid Term, Morning Briefing |
The pound is down today against the dollar on Brexit fears. And the euro is also lower against the U.S. currency on a surprise slump in German economic growth. Not good news for U.S. exports to Europe (which get pricier as the pound and euro fall) or for a global...
August 3, 2018 | Daily JAM, FCX, FQVLF, Friday Trick or Trend, LNG |
Our regular (or occasional or perhaps occasionally regular) Friday series ( actually running on Friday 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. Today,...
August 3, 2018 | Daily JAM, Morning Briefing, Short Term |
What's the relationship between the slide in the Chinese yuan--now down 6% since the start of the summer--and the tariff war between the United States and China? The Trump administration clearly believes that the drop in the yuan is a provocation, another example of...
August 3, 2018 | Daily JAM, Morning Briefing |
The White House will not be amused at the continued trend in the currency markets. Overnight the overseas yuan lost more ground against the dollar. China's currency finished down 0.1% to 6.8890 to the dollar. The yuan had been down as much as 0.8% against the dollar....
August 2, 2018 | Daily JAM, Mid Term, Morning Briefing |
U.S. markets shrugged off worries about a more serious U.S.-China tariff war after the Trump administration said it would push ahead with plans to impose 25% tariffs on an additional $200 billion in Chinese imports. That rate is up from an earlier proposal for a 10%...
August 2, 2018 | Daily JAM, Morning Briefing, Short Term |
On Wednesday President Donald Trump ordered the administration's trade office to consider imposing a 25% tariff on $200 billion in Chinese goods imported into the United States. The previous tariff proposal from the White House would have imposed a 10% tariff. Today...
July 31, 2018 | Daily JAM, Morning Briefing |
Representatives of U.S. Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are talking about ways to resume the suspended talks on tariffs and trade. There is, so far, no timetable for restarting the talks and there isn't agreement on a list of issues...
July 28, 2018 | Uncategorized |
... much less earnings drama now that Facebook (FB), Amazon (AMZN), Netflix (NFLX) and other big tech market leaders have reported. But next week has a bumper crop of earnings reports scheduled with many of them in the important industrial sector where the effects of...
July 25, 2018 | Daily JAM |
Or, more precisely, it was guidance disappointment day as big U.S. industrials such as General Motors (GM), Pentair (PNR), and Boeing (BA) reported earnings and then issued guidance for the rest of 2018. Earnings for the quarter were, generally, fine. General Motors,...
July 25, 2018 | Daily JAM |
Yesterday, Tuesday, July 24, the Shanghai Composite Index rose 1.6% on Tuesday for its biggest three-day rally since March 2016 as the Chinese government announced measures to bump up economic growth. The plans, as usual, centered on infrastructure spending, with the...
July 23, 2018 | Daily JAM |
Wall Street and economists and the Trump administration and investors are expecting big good news in Friday's first report of second quarter GDP growth. Economists surveyed by Briefing.com projected 4.1% year over year growth for the quarter that ended in June. It's...
July 21, 2018 | Daily JAM |
...two big market-moving possibilities to watch, tariffs and earnings for the big tech leaders. I'll deal with tariffs today and then take up earnings tomorrow. Last week ended with President Donald Trump saying, he's "ready to go" with tariffs on $500 billion of...
