August 24, 2020 | Daily JAM |
... Wall Street to be hanging on the words of a Thursday, August 27 speech. Not the one that night where Donald Trump accepts the Republican Party nomination for President. That's unlikely to offer any surprises to the stock market. Instead the key speech that day is...
June 1, 2020 | Daily JAM, Morning Briefing, Short Term |
China has told state-owned companies to halt purchases of soybeans and pork from the United States in response to President Donald Trump's announcement that his administration would begin the process of eliminating Hong Kong's special trade status. Chinese importers...
May 19, 2020 | Daily JAM, Morning Briefing, Short Term |
Yesterday, May 18, the Standard & Poor's 500 closed at 2953. We've been here before. Several times, in fact. On May 8, the index closed at 2929.80. On April 29, the close was 2939. With the 200-day moving average at 2998.,56, even yesterday's big move doesn't...
May 17, 2020 | Daily JAM |
...China fireworks. We ended last week with the Commerce Department slapping new restrictions on the sale of any chip made with U.S. semiconductor manufacturing equipment to China's Huawei Technologies. (Which means that Taiwan Semiconductor Manuacturing's plans to...
May 14, 2020 | Daily JAM |
This week President Donald Trump mused about trashing the U.S.-China trade agreement or, maybe, eliminating the U.S.-China trading relationship completely because, Trump said, China is to blame for the coronavirus outbreak. (An maybe the U.S. could replace China with...
January 16, 2020 | Daily JAM, Mid Term, Morning Briefing |
Well, that certainly didn't take long. With the ink barely dry on the Part 1 trade agreement between the United States and China, the European Union said that the deal could violate the rules of the World Trade Organization. EU Trade Commissioner Phil Hogan said his...
January 15, 2020 | Daily JAM, Morning Briefing |
The United States and China signed a Part 1 trade deal today that contained little in the way of positive surprises and an expected lack of detail. As analysts and economists struggled to fill in the blanks, much of the deeper dive wound up stressing the negatives in...
January 14, 2020 | Daily JAM |
Wednesday is still likely to bring the signing of a Part 1 agreement in the U.S.-China trade war. But the public document is likely to have even fewer details than expected recently and to leave existing tariffs in place until after the Presidential election in...
January 12, 2020 | Daily JAM |
... January 15. It will come right after January 14 and right before January 16. And by the end of the day we'll know whether the United States and China have signed a Part 1 agreement that ends some elements in the trade war between the two countries as President...
January 6, 2020 | Daily JAM |
It's not exactly a confirmation of President Donald Trump's announcement that the Part 1 trade deal would be signed between the United States and China at the White House on January 15. But China has scheduled a high-level trade delegation for travel to Washington...
January 3, 2020 | Daily JAM |
Yesterday the private Markit/Caixin Purchasing Managers Index showed that China's manufacturing sector expanded in December. The 51.5 reading put the sector into expansion territory (anything above 50 marks an expansion) but was slightly below the 51.7 level forecast...
December 23, 2019 | Daily JAM, Morning Briefing, Short Term |
We've got two short weeks coming up--since the New York markets are closed this week for Christmas and next week for New Year's--when trading volumes shrink and it doesn't take much in the way of news to move stocks up or down. I think we got that dose of "sufficient...
