Xi’s tough talk isn’t good news for investors
Hope you weren’t hoping for good news from President Xi Jinping’s speech Tuesday to an audience of party officials, military honchos, and business leaders on the 40th anniversary of Deng Xiaoping’s Reform and Opening Up campaign that unleashed China’s economy.
Is China serious about postponing Made in China 2025 plans for world domination in technology?
The Wall Street Journal reported today, December 12, that China is drafting a replacement for its Made in China 2025 plan to dominate advanced technologies by 2025. The plan with its emphasis on government subsidies and its implicit endorsement of aggressive...
U.S. stocks want to bounce, but not so sure about a rally
Bounce, yes. Rally, maybe. What the difference? Conviction and duration. The wider market isn't sure that the bad news on the U.S. China trade war is over and doesn't want to get blind-sided. That's why the broad indexes such as the Standard & Poor's 500 and the...
Now President Trump says he would intervene in case against China’s Huawei to get a trade deal done with China
First, the United States puts pressure on Canada to arrest Huawei's Chief Financial Officer Meng Wanzhou on U.S. charges that she mislead multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Then, various...
News from the White House derails today’s rally attempt
Sometimes it's hard to draw a connection between what the market is doing and anything in the news. Sometimes it's not quite so difficult. Today the connections have been crystal clear. Markets started off in rally mode after Monday's selling. The Dow Jones Industrial...
Markets worry about everything this morning–especially bank and energy stocks
I dare you to find something global financial markets aren't worried about. And, moreover, many of the worries are re-enforcing each other today. So, for example, we've got U.S. Trade Representative Robert E. Lighthizer, saying on Sunday TV the the 90 day trade truce...
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
... a week of transition in the financial markets as the debacle of the post-Trump-Xi announcements moves further behind in the rear view mirror and the December 19 meeting of the Federal Reserve looms ever larger ahead. Last week, doubts that the Chinese had actually...
For the Fed, one and done–for a while?
This morning the November jobs report came in softer than expected--and that pretty much removed the last factor pushing the Federal Reserve toward aggressively raising interest rates in 2019. For November the economy added 155,000 jobs. That is still a strong...
It’s important to remember on this down, down, down day that an earnings growth slump in 2019 and a 2019 recession aren’t the same thing
It's hard to take a step back on a day when the Dow Jones Industrial average closed down more than 700 points (and 3.10%), but that's exactly what I'm going to suggest. The huge sell off was driven by three major factors in my opinion. First, the U.S. stock market...
Overnight S&P 500 futures show markets cheering Trump-Xi results
Just about everything was up in the overnight market. Asian stocks climbed. So did the Australia dollar and the Chinese yuan. And, importantly for U.S. investors, the S&P 500 index futures gained 1.5% in overnight trading. Emerging market currencies were all...
Trump and Xi agree trade meeting was a “success”–time for a re-post of my 5 picks for the “bigger bounce”
The results are good enough. At their dinner meeting at the Group of 20 meeting in Buenos Aires U.S. President Donald Trump and Chinese President Xi Jinping made enough progress to take more of the risk of a U.S.-China trade war out of global financial markets. I...Jim’s Stock Alerts
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