On eve of Trump-Xi talks China’s economy continues to slump, overnight data say
China's purchasing managers index (PMI) for the manufacturing sector continued to slump in November, overnight data showed. The index dropped to 50, the level that marks the divide between expansion (above 50) and contraction (below 50.) The new export orders...
Stocks tread water ahead of Trump-Xi trade talks
Investors in U.S. stocks couldn't figure out how to position themselves ahead of the Saturday meeting between Presidents Donald Trump and Xi Jinping so finally stocks didn't move much at all on the day. The Standard & Poor's 500, which opened the day at 2727.97,...
Fed’s Powell speaks softly; stocks roar higher
Sometimes the market hears what it wants to hear and then storms higher (or lower) on what is little more than a hint. In the short run that doesn't much matter since the oftentimes huge gains are real and investors can and do take them to the bank. In the somewhat...
IMF warns on slowing global growth ahead of G20 summit
The ink is barely dry on the October 9 World Economic Update from the International Monetary Fund, which warned of the dangers of slowing global growth ahead. But the IMF is at it again. The fund has downgraded its forecast from the already downgraded October forecast...
Bounce, pause, bounce again: 5 picks for a second “bigger bounce” scenario for next week
It's not surprising that Monday's bounce has taken a breather today. As of 2 p.m. New York time the Standard & Poor's 500 is ahead a scant 0.12% and the Dow Jones Industrial Average has picked up 0.10%. The NASDAQ Composite has gained 0.09% and the small cap...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... that nothing will be as important to the financial markets as the meeting between U.S. President Donald Trump and Chinese President Xi Jinping during the November 30-December 1 summit of the Group of 20 in Buenos Aires. Ahead of the weekend meeting days when the...
Is this the end of the dollar run? The problem is nobody knows
Our regular (or occasional or perhaps occasionally regular) Friday series ( running on Sunday 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. The U.S. dollar has...
Saturday Night Quarterback says (on a Sunday), For the week ahead expect…
... volatility in asset classes that range from oil to stocks to the U.S. dollar, as traders and investors try to figure out how to "price in" a metric ton of macro uncertainty scheduled for the next three weeks. Enjoy turkey and family and friends the week because...
Market stumbles on trade news
Oil prices are up today with U.S. benchmark West Texas Intermediate ahead 2.07% to $56.84 a barrel as of 11:30 a.m. in New York. International benchmark Brent crude has gained 2.23% to $66.93 a barrel. Both prices remain below the psychologically important $60 a...
Stocks climb on news that U.S. and China talking again on trade
It's certainly a long way from here to an agreement on trade between the United States and China, but news that the two sides are talking again has boosted stocks in New York. After all, there can't be any agreement if the two sides aren't talking and without some...
China’s Xi pushes back on trade deal
Remember last week when markets got all optimistic at the possibility that U.S. President Donald Trump and China's President Xi Jinping would be able to hammer out an end to the U.S.-China trade deal when they meet at the Group of 20 meeting in Buenos Aires on...Jim’s Stock Alerts
Download Jim’s eBook for Free
