U.S. threatens huge escalation in tariff war with China
At 12:01 a.m. last night higher U.S. tariffs went into effect on $34 billion in Chinese goods. China immediately retaliated with higher tariffs on U.S. exports such as autos and soybeans. The Trump administration already has tariffs on another $16 billion in Chinese...
China isn’t the big loser from higher U.S. tariffs–Taiwan, South Korea and these emerging markets are
Bloomberg has crunched the numbers. And surprise (well at least to the Trump administration, maybe), the biggest loser from the tariffs that the U.S. is imposing on Chinese goods isn't China but developed economies such as If China’s exports were to drop 10 percent,...
Fed minutes from June meeting add dash of uncertainty to positive outlook
A slightly larger dash of uncertainty flavored the Federal Reserve's minutes from the June 12 to 13 meeting of the Open Market Committee. But since this is the same uncertainty that's been troubling the market in recent weeks, the minutes didn't have a huge effect on...
Anticipation: The next stage of the U.S.-China trade war starts at 12:01 a.m. tonight
The office of the U.S. Trade Representative has confirmed that tariffs on $34 billion in Chinese goods will go into effect at 12:01 a.m. Washington time tonight. This is on top of tariffs on steel, aluminum, washing machines, and solar panels that President Donald...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...Jim’s Stock Alerts
Download Jim’s eBook for Free
