March 6, 2018 | Daily JAM |
After a quiet Monday (well relatively–since all we had was noise from Republicans in Congress in opposition to President Donald Trump’s plan to put a 25% tariff on important steel and a 10% tariff on imported aluminum and threats from the European Union to restrict imports of U.S. bourbon, Harley Davidson motorcycles, and blue jeans) on the global trade war front, today Gary Cohn, the President’s top economic adviser, Â resigned after losing the tariff battle to trade hardliners
March 5, 2018 | Daily JAM, Notes You Need |
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 You Need. A representative item resembles this from today: “10:20 a.m.: Shares of soybean giant Bunge (BG) are up 3.75% today on a Reuters report that agricultural investor Continental Grain plans to push Bunge to a deal to sell itself to Archer Daniels Midland (ADM) or another buyer. Continental has increased its position in Bunge according to a filing with the U.S. Federal Trade Commission. Archer Daniels reported approached Bunge about a takeover in January. Last year Bunge rejected an offer from commodity trader Glencore.”
March 4, 2018 | Daily JAM |
Markets will begin the week focused on figuring out the exact content of President Trump’s tariff proposal, and on the rhetoric from Washington and U.S. trade partners, and on any real proposals for retaliation.
March 3, 2018 | Daily JAM, Friday Trick or Trend, Short Term, Volatility |
This week investors and traders have been treated to one of the most difficult kinds of stock markets to navigate–the news-driven, trendless market. This week the downward direction of the market has been in reaction to the President’s announcement of tariffs on imported steel and aluminum. Next week the market could reverse if President Donald Trump changed his mind. Or it could sink further–and quickly–if nations such as China and Brazil and nation-groups such as the European Union decided to implement retaliatory tariffs
March 2, 2018 | Daily JAM, Morning Briefing |
Anybody who hoped that President Donald Trump would reconsider overnight his decision to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum and risk setting off a global trade war was disappointed this morning when he doubled down in a tweet writing that trade wars are good and easy to win
March 1, 2018 | Daily JAM, Short Term |
Chinese President Xi Jinping’s top economic adviser, Liu He, is in Washington for a visit that concludes Saturday. He is scheduled to meet with White House economic adviser Gary Cohn, U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. Maybe a solution to defuse what increasingly looks like a potential trade war will emerge from these talks. Watch carefully.
March 1, 2018 | CAT, Daily JAM, Stock Alerts |
I don't think there's any point to waiting around to see how quickly or fiercely China (and the European Union) will retaliate against U.S. exporters after today's announcement that the United States will put a 25% tariff on Chinese (and other imported) steel and a...
March 1, 2018 | BA, Daily JAM, Stock Alerts |
I don't think there's any point to waiting around to see how quickly or fiercely China (and the European Union) will retaliate against U.S. exporters after today's announcement that the United States will put a 25% tariff on Chinese (and other imported) steel and a...
March 1, 2018 | Daily JAM, Long Term |
This morning President Donald Trump announced that the United States will impose a 25% tariff on imported steel and a 10% tariff on imported aluminum “for a long period of time.” The President said he will sign a formal order next week. The timing couldn’t be much worse as far as global financial markets are concerned.
