September 27, 2019 | Daily JAM, Short Term, You Might Have Missed |
Consumer spending on goods and services, which accounts for about two-thirds of gross domestic product, increased by just 0.1% in August from July, the smallest gain in six months, according to the Commerce Department today. Personal income was up 0.4% in August....
September 6, 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. Yesterday the...
August 2, 2019 | Daily JAM, Morning Briefing |
The U.S. economy added 164,000 jobs in July. That's down from the 193,000 jobs added in June (revised down from an initial 224,000) and slightly higher than the 160,000 jobs forecast by economists surveyed by Briefing.com At 3.7% the headline unemployment rate was...
August 1, 2019 | Daily JAM |
Today's release of the Purchasing Managers Index for Manufacturing for July got overshadowed by President Donald Trump's announcement that he would impose a 10% tariff on an additional $300 billion in Chinese exports to the United States beginning on September 1. But...
July 26, 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. The overall...
July 26, 2019 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
The U.S. economy grew at a seasonally adjusted annual rate of 2.1% in the second quarter, the Bureau of Economic Analysis reported this morning. Economists surveyed by Briefing.com had projected that year over year growth in GDP would fall to 1.8%. So today's number...
July 25, 2019 | Daily JAM, Morning Briefing, Short Term |
U.S. stocks paused as expected today ahead of tomorrow's initial report on growth in U.S. GDP for the second quarter. Economists surveyed by Briefing.com are expecting that GDP growth dipped to 1.8% year over year in the quarter, down from 3.1% in the first quarter....
July 5, 2019 | Daily JAM, Morning Briefing |
U.S. stocks initially sold off on this morning's stronger than expected jobs report for June. At 10:45 a.m. New York time the Standard & Poor's 500 was down 0.92%. The fear was that the addition of 224,000 jobs in June, well above the 160,000 forecast by...
July 3, 2019 | Daily JAM, Morning Briefing |
In a report on Monday the Purchasing Managers' Index for the U.S. manufacturing sector slipped. For June the index moved down to 51.7 from 52.1 in May. That still signals expansion--anything over 50 denotes expansion, anything under 50 signals contraction--but...
July 2, 2019 | Daily JAM, Volatility |
In a speech today, July 2, in London Loretta Mester, president of the Cleveland Federal Reserve Bank, argued against an interest rate cut at the central bank's July 31 meeting. “Cutting rates at this juncture could reinforce negative sentiment about a deterioration in...
July 1, 2019 | Daily JAM, Morning Briefing |
Earlier this morning--11 a.m. New York time--the Standard & Poor's 500 stock index was up almost 1% on news that talks between President Donald Trump and President Xi Jinping had resulted in a trade truce and the resumption of talks aimed at ending the trade war...
June 28, 2019 | Daily JAM, Morning Briefing |
The core Personal Consumption Expenditures Index, the Federal Reserve’s preferred measure of inflation, picked up in May by 0.2% from April. That took the annual inflation rate to 1.6%. That was just above the median estimate from economists surveyed by Bloomberg and...
