On eve of Trump-Xi talks China’s economy continues to slump, overnight data say
China's purchasing managers index (PMI) for the manufacturing sector continued to slump in November, overnight data showed. The index dropped to 50, the level that marks the divide between expansion (above 50) and contraction (below 50.) The new export orders...
Stocks tread water ahead of Trump-Xi trade talks
Investors in U.S. stocks couldn't figure out how to position themselves ahead of the Saturday meeting between Presidents Donald Trump and Xi Jinping so finally stocks didn't move much at all on the day. The Standard & Poor's 500, which opened the day at 2727.97,...
Bounce, pause, bounce again: 5 picks for a second “bigger bounce” scenario for next week
It's not surprising that Monday's bounce has taken a breather today. As of 2 p.m. New York time the Standard & Poor's 500 is ahead a scant 0.12% and the Dow Jones Industrial Average has picked up 0.10%. The NASDAQ Composite has gained 0.09% and the small cap...
Trick or Trend: Black Friday and Cyber Monday sales strong but it won’t matter without some agreement between U.S. and China on tariffs
Our regular (or occasional or perhaps occasionally regular) Friday series (running on Sunday 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. U.S. consumers...
China’s Xi pushes back on trade deal
Remember last week when markets got all optimistic at the possibility that U.S. President Donald Trump and China's President Xi Jinping would be able to hammer out an end to the U.S.-China trade deal when they meet at the Group of 20 meeting in Buenos Aires on...
Rally shifts into reverse as Trump administration announces more U.S. tariffs on Chinese exports likely on the way
Monday, October 29, started off with a technology-led rally. As of 10:04 a.m. New York time the Standard & Poor's 500 was up 1.81% and the technology-heavy NASDAQ Composite was higher by 1.75%. And then Bloomberg reported that the Trump administration was...
Autoliv shares move up as future outweighs past
Before the market open today, Autoliv (ALV) delivered disappointing earnings for the third quarter. But the stock still climbed on news that China is considering cutting the tax on car purchases to 5% from 10% in an effort to stimulate the country's auto market at a...
GDP grows at annualized 3.5% in third quarter, but…
Real GDP (that is GDP discounting any gains from inflation) increased at an annualized rate of 3.5% in the third quarter. Economists surveyed by Briefing.com were looking for 3.3% growth rate. In the second quarter GDP grew at an annualized rate of 4.2%. Big driver in...
U.S. stocks gently slide but VIX “fear index” continues retreat
If the market were inclined to sell off today, it could have found plenty of reasons. Under the heading of one-off scary stuff, I'd put:Â Continued tensions between the Saudis and just about everyone else over allegations--which look to be true--that the Saudi...
Tomorrow’s inflation numbers are important after today’s rout
At 3:30 p.m. New York time the Dow Jones Industrial Average was down a big 2.39% or 632 points. The Standard & Poor's 500 was lower by 2.55%. The NASDAQ Composite Index fell 3.16%. The rout came on fears that the U.S.-China trade war would cut into U.S., Chinese,...
U.S. trade deficit climbs in August; record deficit with China and Mexico
The U.S. trade deficit in goods and services widened in August by 6.4% to $53.2 billion from $50 billion in July. That's the biggest trade deficit in six months. The trade deficit with China rose to a record $38.6 billion from $36.8 billion in July. The trade deficit...Jim’s Stock Alerts
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