January 17, 2020 | Daily JAM |
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...
January 16, 2020 | Daily JAM, Morning Briefing |
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...
January 10, 2020 | Daily JAM, Morning Briefing |
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...
January 7, 2020 | Daily JAM, Morning Briefing |
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...
January 3, 2020 | Daily JAM, You Might Have Missed |
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...
December 30, 2019 | Daily JAM, Morning Briefing |
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...
December 27, 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. It's no...
December 26, 2019 | AMZN, Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
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...
December 6, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
October 30, 2019 | Daily JAM, Morning Briefing |
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...
October 1, 2019 | Daily JAM, Morning Briefing, Short Term |
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...
September 29, 2019 | Daily JAM |
...that the financial markets will attempt to use this week's truckload of economic data to establish a trend line for the economy--that looks beyond the U.S.-China and impeachment news noise. The data deliveries start on Tuesday with the Institute for Supply...
