June 1, 2019 | Daily JAM |
... market direction to depend on Wall Street's ability to hold onto denial in the accelerating global tariff war coming from the White House. On Friday, U.S. stock markets did a relatively good job at containing the damage. Sure, the talking heads said, the 5%--and...
May 31, 2019 | Daily JAM, Friday Trick or Trend, Mid Term |
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....
May 31, 2019 | Daily JAM, Short Term |
The U.S. has required that Chinese telecom giant Huawei get a waiver before it can buy any U.S. technology, such as chips from Qualcomm (QCOM) and Broadcom (AVGO). And the U.S. government has threatened to slap those same restrictions on five Chinese companies that...
May 31, 2019 | Daily JAM, Long Term, Morning Briefing |
It's only 5%, Wall Street is saying today in what clearly sounds like an effort to convince itself when investors really know better. That unconvincing "happy talk" is why the Standard & Poor's 500 index was down only 1.24% at the close today, May 31. (I say...
May 30, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
Sometimes it's better to just weigh the news rather than try to analyze it. And that certainly seems to fit today's market action. Even though the major U.S. indexes managed slight gains as of the close today--the Standard & Poor's 500, for example, was ahead...
May 29, 2019 | Daily JAM, Morning Briefing |
U.S. stocks dropped again today with the Standard & Poor's 500 index closed down another 0.69% to 2783.03. U.S. Treasury bonds rallied with the price of the 10-yer bond up enough to push the yield down to 2.21% for a drop in yield of 26 basis points in the last...
May 27, 2019 | Daily JAM, Morning Briefing |
U.S. financial markets are closed today for Memorial Day. (Can't help but think of my Dad who climbed telephone poles to string wire during World War II. "While they shot at me," he would say with a mixture of surprise and outrage. I'm sure you have someone(s) to...
May 25, 2019 | Daily JAM |
... a test of 2800 on the Standard & Poor's 500. The index ended last week a 2826.66 but touched as low as 2820.46 at 11:17 a.m. New York time. It took the markets a while to push over 2800 and stay there with unsuccessful attempts on October 16, November 7, March...
May 24, 2019 | Daily JAM, Friday Trick or Trend |
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. This past...
May 23, 2019 | Daily JAM, JD, Short Term, TPR, Volatility, You Might Have Missed |
This morning Wall Street is buzzing with talk that the U.S.-China trade war could stretch on to 2035. I think there's just about no chance of that. But we aren't looking at the quick resolution of the dispute that seemed possible just 10 days ago. And we are looking...
May 23, 2019 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
You're entitled to feel whiplashed today. Just a few days ago, on May 16, stocks rallied on speculation that trade talks would resume relatively quickly and that the United States and China, rhetoric and tariff increases aside, would find a way within weeks to end...
May 22, 2019 | Daily JAM, You Might Have Missed |
The Trump administration is considering applying Huawei-level sanctions to five more Chinese technology companies in the video surveillance sector including Megvii, Zhejiang Dahua Technology, Hangzhou Hikvision Digital Technology, Meiya Pico and Iflytek. The sanctions...
