October 14, 2019 | Daily JAM, Morning Briefing, Short Term |
China now says it wants to hold more talks this month to hammer out the details of the U.S.-China mini-deal announced by President Donald Trump on Friday before Chinese President  Xi Jinping will sign it, both Bloomberg and the Washington Post are reporting today....
October 8, 2019 | Daily JAM |
It quacks like quantitative easing. It walks like quantitative easing. But it's not quantitative easing. According to Federal Reserve chair Jerome Powell anyway. In a speech today, October 8, to the National Association for Business Economics, Powell said the Fed will...
October 8, 2019 | Daily JAM, Morning Briefing, Short Term |
Today the Trump administration put eight of China's technology giants on a blacklist over alleged human rights violations against Muslim minorities. And China signaled that it would retaliate over the blacklist. Foreign ministry spokesman Geng Shuang told reporters...
October 4, 2019 | Daily JAM, Short Term |
Yes, U.S. stocks were up today with the S&P 500 closing higher by 1.10% and the Dow Jones Industrial Average by 1.11%. But that still left the stock market down for the week. And looking at the performance today of risk havens, today's move looks to be a bounce...
October 3, 2019 | Daily JAM, Short Term |
The trend in U.S. financial markets this week has pointed down on data that shows the U.S. economy is slowing. Certainly the disappointing numbers in both the manufacturing and services Purchasing Managers Indexes have supported that conclusion. That could all change...
October 3, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
The Institute for Supply Management's Purchasing Managers Index for Services fell to 52.6 for September, according to reports this morning, October 3. That was a drop from August's 56.4 and below the 55.0 that economists surveyed by Bloomberg had projected. That left...
October 2, 2019 | Daily JAM, Morning Briefing, Short Term, Volatility |
In a different environment, the disappointing jobs numbers from the private ADP employment survey and the weak quarterly sales reports from Ford and General Motors would not have taken the Standard & Poor's 500 down 1.79% and the Dow Jones Industrials lower by...
September 24, 2019 | Daily JAM, Morning Briefing, Short Term |
Stocks were down this morning with the Standard & Poor's 500 falling 1.01% as of 1 p.m. New York time and bonds were up with Treasury prices climbing to send the yield on the 10-year Treasury down 8 basis points to 1.64%. The move down wasn't the result of a...
September 23, 2019 | Daily JAM, Morning Briefing |
Some days U.S. stocks move decidedly higher on positive news about the global economy or speculation that the U.S-China trade war may be moving toward a negotiated resolution. Other days U.S. stocks head decidedly lower on bad news about the global (or U.S.) economy...
September 19, 2019 | Daily JAM, Morning Briefing, Short Term |
Tomorrow, Friday, September 20, the Federal Reserve will buy another $75 billion in the overnight repo market. That brings the total this week to $203 billion in the Fed's effort to stabilize the short-term markets that Wall Street uses to finance its purchases of...
September 18, 2019 | Short Term |
Here's the rather bland statement from the Federal Reserve Bank of New York: "In accordance with the FOMC Directive issued September 18, 2019, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct an overnight repurchase...
September 16, 2019 | CSCO, Daily JAM, GLW, ISRG, PANW, Special Reports |
(A word of apology. I hadn't realized that I had written about this Special Report but never posted it until several readers brought it to my attention last week. My initial reaction was "Impossible! Of course I'd posted it." But checking showed I hadn't. It took...
