Notes You Need for June 29: Inflation, consumer spending, oil prices, tariffs, EuroZone inflation, U.S. deficit, rig count, GM warns on tariff effect on jobs
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don't justify a full post. I've decided to start compiling these notes here each day in a kind of running mini blog that I'm calling Notes...
My baseline U.S. stock market scenario for the next 30 days
So much negative uncertainty from big possible events. Such strong short term earnings fundamentals. How will these all balance out? Before I get to my take on the answer to that question let's take a brief stop to look at what a baseline scenario is and why putting...
Canadian tariffs on global (not just U.S.) steel imports a major escalation in building trade war
The Canadian government will slap a combination of quotas and higher tariffs on steel imports from China, South Korea, Brazil and Turkey. This is a major step beyond the retaliatory tariffs announced by U.S. trading partners in response to higher U.S. tariffs of 25%...
Today the markets decide that this “trade stuff” isn’t just a negotiating ploy
Last week the market consensus was that all the moves to raise U.S. tariffs on goods from China, the European Union, Canada, and everyone else in the world--were just parts of a negotiating strategy by President Donald Trump. Certainly we weren't on the path of some...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
...another week in the battle between fear of the macroeconomic dangers of President Trump's tariff war and optimism over the approaching earnings season. Normally, I'd say the odds in this contest would favor earnings optimism. But thanks to the calendar--and the...
Selling Starbucks out of Jubak Picks on escalating China trade battle
One of my core beliefs after running the Jubak Picks portfolio for more than 20 years now is that when the reason I picked a stock to buy evaporates, then it's time to sell. So today I'm selling Starbucks (SBUX) out of my Jubak Picks portfolio. When I added the stock...
Divergence! Stocks divide on China, trade exposure
The indexes tell the story. Yesterday, Wednesday, June 20, the export-oriented Dow Jones Industrial Average slipped 0.17%. But the Russell 2000, an index dominated by smaller companies with a primary domestic emphasis in their sales, climbed 0.80%. The NASDAQ...
So far markets see proposed China tariffs as just a negotiating ploy
If you're wondering why U.S. financial markets haven't moved down more strongly on news that sure sounds like the U.S. and China are headed to a trade war, you don't need to look any further than comments by Goldman Sachs Chief Executive Officer Lloyd Blankfein...
So much for that U.S-China trade truce
The Trump administration has announced higher tariffs on $50 billion in Chinese export and promised additional restrictions on Chinese investments. China immediately promised to impose tariffs with "equal scale, equal intensity" on U.S. exports. The Commerce Ministry...
Markets today “seem” to say North Korea summit more important than G7 explosion
At 2 p.m. New York time the Standard & Poor's 500 stock index was up 0.3%. The Dow Jones Industrial Average was ahead 0.22%. And the NASDAQ Composite index had inched higher by 0.27%. Which is surprising given that the Group of 7 meeting ended Saturday with the...
Emerging markets “emerging” as focus of worry over trade, strong dollar, credit crunch
If you can't tell from the cascade of negative commentary, you certainly should be able to tell from trend in share prices: emerging markets have become the focus of current worries about global trade, the effects of a strong dollar, and the potential for a credit...Jim’s Stock Alerts
Download Jim’s eBook for Free
