September 19, 2019 | Daily JAM, FQVLF, Stock Alerts |
Shares of First Quantum Minerals (FQVLF) are finally cheap enough to be drawing the interest of a possible acquirer. At least current management of the company thinks so. The copper miner, owner of Africa's biggest copper mine and the huge Cobre Panana mine that has...
September 18, 2019 | Daily JAM, Mid Term |
Today the Federal Reserve lowered its main interest rate another 25 basis points to a range of 1.75% to 2%. To say that the Fed's Open Market Committee was divided on the decision would be an extreme understatement: Five officials wanted to keep rates unchanged, while...
September 13, 2019 | Daily JAM, Morning Briefing, Short Term |
One way to understand of the recent market action--one way that makes sense to me--is to think of it as a big short squeeze. The drop in Treasury yields and the climb in Treasury prices went to far in August with Treasuries showing their biggest monthly gain in the...
September 12, 2019 | Daily JAM, Short Term |
Yesterday, Wednesday, September 11, President Donald Trump postponed the imposition of an additional five percentage points in tariffs on Chinese exports by two weeks. That follows on China's decision to exempt about $1.6 billion in U.S. exports to China from higher...
September 11, 2019 | Daily JAM, Mid Term |
Ahead of the resumption of U.S.-China trade negotiators next month China has announced a small set of exclusions--on $1.65 billion in U.S. exports to China--from 25% tariffs that were put into place last year. The exempt goods include such minor categories as alfalfa,...
September 10, 2019 | Daily JAM, Morning Briefing |
China is ready to purchase more agricultural products from the United States, the South China Morning Post reported this morning. That sent U.S. stocks higher as computerized trading kicked in on the news. But the twitch didn't last long because human traders read...
September 9, 2019 | Daily JAM, Morning Briefing, Short Term |
China’s exports fell 1% (in  dollars) in August, China's customs administration announced on Sunday. Economists and analysts surveyed by Bloomberg had predicted that exports would increase by 2.2% . Imports dropped by 5.6% roughly in line with forecasts of a 6.4%...
September 7, 2019 | AAPL, Daily JAM, Short Term |
...lots of speculation on what the Federal Reserve will do and say about interest rates next week on September 18. What has become the routine squeaking and squawking about the U.S.-China trade war/trade talks. More fun and games from London (where the legal opinion...
September 1, 2019 | Daily JAM |
... some things in the financial markets will be so similar to what they were before the Labor Day holiday that you might think you were never away at all. Not everything, though. Yes, the U.S.-China trade war will still be hanging fire. And the tariffs on $112...
August 29, 2019 | Daily JAM, Morning Briefing, Short Term |
Solid gains for U.S. stocks today, August 29. The Standard & Poor's 500 closed up 1.27%; the Dow Jones Industrial Average ahead 1.25; and the NASDAQ Composite gained 1.48%. But the lost some steam at the end of the day. But this was a low volume day ahead of a...
August 27, 2019 | Daily JAM, Mid Term |
With the proviso that no one is inside the head of Chinese President Xi Jinping (except Xi himself) and that this is all speculative analysis which carries it's own bias, I think it's worth taking seriously reports that Xi may have a Trump problem that makes it almost...
August 26, 2019 | Daily JAM |
The Chinese decision on Friday of last week to retaliate to earlier U.S. tariffs by slapping a 10% duty on $75 billion in U.S. exports to China certainty ratcheted up the financial market and economic uncertainty. They took the current U.S.-China trade war to a new...
