Should you follow Wall Street’s advice de l’annee for 2020 into emerging market stocks?
If 2019 was (and it sure was) the year for putting money into U.S. stocks, will 2020 be the year for putting money to work outside the U.S. and especially in emerging market stocks? The answer from a large--and it seems increasing--number of Wall Street strategists is...
China economy headed to “stable,” U.S. forecast to relative slip
China's economy grew by 6.1% in 2019. That's down from 6.6% in 2018. But the 2019 figure meets the government's target, and December industrial output rose 6.9% year over year, ahead of the 5.9% forecast by economists. Retail sales climbed by 8% against a forecast of...
U.S. economy adds 145,000 jobs in December, misses economist forecasts
The U.S. economy added 145,000 jobs in December That did set a record of 10 years of job growth for the economy. But the 145,000 job growth in December was below the 256,000 added in November and below the 160,000 expected by economists surveyed by Bloomberg. (I would...
U.S. service economy keeps roaring ahead in latest ISM survey
The U.S. manufacturing sector may be in deep and continued contraction, but according to the Institute for Supply Management's Purchasing Managers Non-manufacturing Index, the U.S. service sector--the bulk of the U.S. economy--hit a four-month high in December. The...
U.S. manufacturing sector contracts for fifth straight month
Economists who had stayed too long at the egg nog and were predicting a rebound in U.S. manufacturing in December got coal in their stockings today (I promise to stop the Christmas references this week) when the Institute for Supply Management’s Purchasing Managers...
A lot of data for a short holiday week
Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for...
Trick or Trend: Should all these jobs cuts worry investors?
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. It's no...U.S. consumers deliver the sugar plums for holiday shopping
Amazon (AMZN) reported today, December 26, that the holiday shopping season broke records for the company this year. Among other high-lights five million new customers started Prime free trials or paid memberships globally, and the number of items delivered with...
Surprise! U.S. economy adds 266,000 jobs in November; unemployment drops to 3.5%
The United States added 266,000 jobs in November and the official unemployment rate fell to 3.5%. The results were buoyed by the return to jobs of 41,300 General Motors workers after the settlement of that strike. But the November total was still impressively stronger...
On GDP growth there’s good news and bad news and more bad news
The U.S. economy grew at a 1.9% annualized rate in the third quarter, the Commerce Department reported this morning. The good news: The 1.9% growth in GDP was above the 1.6% rate forecast by economists surveyed by Bloomberg. The bad news: That 1.9% growth rate was...
U.S. manufacturing disappoints with continuing contraction for September
All the major U.S. stock indexes fell today as the Institute for Supply Management’s Purchasing Managers Index for Manufacturing disappointed by sinking further into contraction territory. At 47.8 for September, the index hit a 10-year low. Economists surveyed by...Jim’s Stock Alerts
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