July 16, 2019 | Daily JAM, Morning Briefing, Short Term |
At a cabinet meeting today President Donald Trump wanted to remind everyone that he could still impose additional tariffs on Chinese imports if he wants. The President also expressed impatience that the truce in the trade war with China hadn't yet resulted in a pickup...
July 11, 2019 | Daily JAM, Mid Term |
For this new round of U.S.-China trade talks--with no schedule for the first meeting yet in place--the Chinese have shaken up with negotiating team by adding Commerce Minister Zhong Shan, regarded by some White House officials as a hard-liner, to Chinese Vice Premier...
July 9, 2019 | Daily JAM, Morning Briefing |
Still no schedule for a resumption of face-to-face trade talks more than 10 days since President Donald Trump and President Xi Jinping agreed to resume trade talks the Osaka G20 meeting. But the two sides did talk by phone on Tuesday. No mention yet of a time table...
June 16, 2019 | Daily JAM |
... all attention to be on what the Federal Reserve says on Wednesday, June 19, after the meeting of its rate-setting Open Market Committee. Nobody on Wall Street expects the Federal Reserve to cut interest rates at the June meeting--expectations are high for a July...
June 10, 2019 | Daily JAM, Morning Briefing |
President Donald Trump continues to claim that there are unannounced side agreements to the deal between the United States and Mexico that ended, for the moment, the threat of escalating U.S. tariffs on Mexican imports. In one of those side agreements, according to...
June 8, 2019 | Daily JAM, PAC, Stock Alerts |
Now that President Donald Trump's tariff threat isn't hanging over the Mexican economy (for the moment, anyway), I'm adding Grupo Aeroportuario del PacÃfico (PAC) to my Dividend Portfolio on Monday. The shares of Grupo Aeroportuario del Pacifico, which operates five...
June 6, 2019 | Daily JAM, Morning Briefing, Short Term |
Tomorrow, Friday, June 7, brings the May jobs report. Right now economists surveyed by Bloomberg are looking for the economy to add a robust 175,000 jobs with unemployment holding steady at 3.6% (as 49-year low) and average hourly wages growing at a very positive 3.2%...
June 4, 2019 | Daily JAM, Morning Briefing |
Federal Reserve chair Jerome Powell said today that the Fed will do whatever it takes to keep the U.S.economy chugging higher--including a near-term cut in interest rates if needed to offset the negative effects of President Donald Trump's trade and tariff wars. I see...
June 1, 2019 | Daily JAM |
... market direction to depend on Wall Street's ability to hold onto denial in the accelerating global tariff war coming from the White House. On Friday, U.S. stock markets did a relatively good job at containing the damage. Sure, the talking heads said, the 5%--and...
May 31, 2019 | Daily JAM, Friday Trick or Trend, Mid Term |
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....
May 31, 2019 | Daily JAM, Short Term |
The U.S. has required that Chinese telecom giant Huawei get a waiver before it can buy any U.S. technology, such as chips from Qualcomm (QCOM) and Broadcom (AVGO). And the U.S. government has threatened to slap those same restrictions on five Chinese companies that...
May 31, 2019 | Daily JAM, Long Term, Morning Briefing |
It's only 5%, Wall Street is saying today in what clearly sounds like an effort to convince itself when investors really know better. That unconvincing "happy talk" is why the Standard & Poor's 500 index was down only 1.24% at the close today, May 31. (I say...
