May 30, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
Sometimes it's better to just weigh the news rather than try to analyze it. And that certainly seems to fit today's market action. Even though the major U.S. indexes managed slight gains as of the close today--the Standard & Poor's 500, for example, was ahead...
May 29, 2019 | Daily JAM, Morning Briefing |
U.S. stocks dropped again today with the Standard & Poor's 500 index closed down another 0.69% to 2783.03. U.S. Treasury bonds rallied with the price of the 10-yer bond up enough to push the yield down to 2.21% for a drop in yield of 26 basis points in the last...
May 22, 2019 | Daily JAM, You Might Have Missed |
The Trump administration is considering applying Huawei-level sanctions to five more Chinese technology companies in the video surveillance sector including Megvii, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, Meiya Pico and Iflytek. The sanctions...
May 21, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
Stocks--especially chip stocks--have rallied strongly today on headlines saying that the Department of Commerce has granted a 90-day license for U.S. companies to do business with China's Huawei Technologies in order to service existing networks. This is especially...
May 19, 2019 | Daily JAM |
... the U.S.-China trade war to continue to drive market volatility. But we don't know what direction this volatility will take. We could see soothing words from Washington and/or Beijing on prospects for another round of trade talks. Words of that sort lead to rally...
May 17, 2019 | Daily JAM, Morning Briefing |
The Chinese government is using the country's official media to signal that it isn't interested in resuming trade talks with the United States under a threat of higher 25% tariffs on another $320 billion in Chinese exports to the United States. And to make the point...
May 16, 2019 | Daily JAM, Stock Alerts, WMT |
Today, May 16, earnings from Wall-Mart (WMT) and Cisco Systems (CSCO) before the open powered U.S. stocks higher to start the day. So what did Wal-Mart say? (I'll report on Cisco in another post.) Before the markets opened in New York, Wal-Mart reported first quarter...
May 13, 2019 | Daily JAM, LNG, Stock Alerts |
LNG (liquified natural gas) from Cheniere Energy (LNG) is one of the U.S. exports most in danger in the newest round of the U.S.-China trade war. Reflective of that the stock was down 3.57%, or $2.42 a share, as of 2 p.m. New York time, to $65.45. That has taken the...
May 13, 2019 | Daily JAM, Mid Term, Morning Briefing |
On Friday, the Trump administration raised tariffs on $200 billion in Chinese exports to the United States to 25% from 10%. The move, the administration said, was in response to Chinese efforts to walk back provisions the country had agreed to, according to the White...
May 12, 2019 | Daily JAM |
... more of a negative reaction from the US. stock and bond markets than we saw on Friday to the imposition of 25% tariffs on $200 billion in Chinese exports to the United States on Friday and the lack of a scheduled new round of  talks to end the U.S.-China trade...
May 10, 2019 | Daily JAM, Morning Briefing |
The Standard & Poor's 500 was slightly in the green at the close today at 2881.40. That marked a big turnaround from earlier in the session. As of 11 a.m. New York time the index had dipped to 2826.29. Today it was all about China and the trade/tariff talks...
May 9, 2019 | Daily JAM, Morning Briefing |
It is clearly in the self interest of both President Donald Trump and President Xi Jinping to reach an agreement that would bring the U.S.-China trade war to an end. In the long-run. That same calculus, however, argues that in the short run both leaders will let the...
