March 1, 2019 | Daily JAM |
As of the close on March 1, the Shanghai Composite was up 14.35% for the last month. That's super for an economy that's swimming in bad debt and facing a slowing global economy and lagging export demand. I think it's fair to say that the rally in Chinese stocks has...
February 27, 2019 | Daily JAM, Morning Briefing |
As of today, February 27, the Shanghai Composite is up 13.53% in the last month. The beginning of a sustained turnaround or another speculative balloon ready to pop? It's too early to tell, unfortunately. The factors that could be inflating a speculative balloon are...
February 25, 2019 | Daily JAM, Morning Briefing |
Citing substantial progress, President Donald Trump has extended the March 1 deadline for reaching agreement on a U.S.-China trade agreement and heading off a jump to 25% in U.S. tariffs on $250 billion of Chinese exports. “The U.S. has made substantial progress in...
February 23, 2019 | Daily JAM, Short Term, You Might Have Missed |
Trade. Trade. Trade. Trade will dominate the headlines and set the direction for U.S. and Chinese stocks. Stocks rose last week on any rumor of movement in the U.S.-China trade talks. Friday's rally, for example, was build on optimism generated by news that U.S. and...
February 21, 2019 | Daily JAM, Morning Briefing |
Judging from this morning's news out of the U.S. China trade talks I think I can see the Chinese strategy. Step 1: Offer the United States and its President lots of money. Today the Chinese offered to buy an additional $30 billion in U.S. corn, soy beans and other...
February 19, 2019 | Daily JAM, Volatility |
The latest round of U.S.-China trade talks resumed today in Washington. The Trump administration's March 1 deadline continues to walk nearer--although everyone on Wall Street expects that President Trump will decide good progress has been made and will extend the...
February 16, 2019 | Daily JAM, Short Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday 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. Of course,...
February 14, 2019 | Daily JAM, Short Term |
Pity those poor investors and traders (like you and me, for instance) trying to figure out what will happen--and when--in the U.S-China trade talks. I think it's pretty clear that President Donald Trump will decide to extend the March 1 deadline for success or 25%...
February 12, 2019 | Daily JAM |
An extension would depend on the state of the talks between the United States and China. If we’re close to a deal where we think we can make a real deal and it’s going to get done, I could see myself letting that slide for a little while,” Trump told reporters during...
February 7, 2019 | Daily JAM, Short Term |
President Donald Trump has made it clear--repeatedly--that there won't be an agreement to end the U.S.-China trade war until he has met with China's President Xi Jinping. And that's got the market worried. Because the Trump administration's deadline for raising...
February 1, 2019 | Daily JAM |
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. The good news...
December 12, 2018 | Daily JAM, Short Term |
The Wall Street Journal reported today, December 12, that China is drafting a replacement for its Made in China 2025 plan to dominate advanced technologies by 2025. The plan with its emphasis on government subsidies and its implicit endorsement of aggressive...
