March 31, 2019 | Daily JAM |
...data, data and more data on the health of the U.S. economy with the week ending with Friday's job report for March. The forecast from economists surveyed by Bloomberg calls for payrolls to climb to 175,000 after a very disappointing addition of just 20,000 jobs in...
March 20, 2019 | Daily JAM, Morning Briefing |
“Talks with China are going very well,” President Donald Trump said yesterday, March 19, at a press conference on Tuesday. Well, probably not. But who really knows. Which is making global financial markets rather twitchy. Yesterday a Bloomberg report the China was...
March 14, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
A potential end of March meeting between U.S. President Donald Trump and Chinese President Xi Jinping to sign an agreement to end their trade war won’t take place this month after all. Media are reporting that multiple sources are now post to April at the earliest. If...
March 5, 2019 | Daily JAM, Mid Term, Morning Briefing |
Against the setting of the National People's Congress, which opened today, China's leaders announced that the growth target for the economy in 2019 would be 6%-6.5%, down slightly from the 2018 target of 6.6%. That dip is significant since the Chinese Communist Party...
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 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 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 8, 2019 | Daily JAM, Morning Briefing |
As of this morning, more than 75% of the companies in the Standard & Poor's 500 stock index have reported fourth quarter earnings. As per usual, the bulk of companies have beaten Wall Street earnings estimates. (This is just a game that Wall Street and CEOs play.)...