Stocks lose much of early enthusiasm but still finish in the green
Stocks moved up modestly this morning (modest considering the damage down in the last few days) with the Standard & Poor's 500 up 0.99% at 1 p.m. New York time, the Dow Jones Industrial Average ahead 0.94%, and the NASDAQ Composite gaining 1.16%. The move seems to...
Dow plunges 800 points; S&P 500 down 4.25% at its low for the day–but what happened today?
I love this headline today on Yahoo Finance: "Stocks post worst day since June." Since June!! What else were you expecting in a rally that has become completely unmoored from any fundamentals in the real world. Remember that when some talking head ties to convince you...
Apple’s split bails out the NASDAQ today
Shares of Apple (AAPL) split 4-1 today, helping the stock to a 3.39% gain on the day. If not for Apple (with a little aid from Amazon (AMZN), up 1.45% at the close), the last day of August might have looked a bit ugly. Even with the help from Apple and Amazon, the...
Trick or Trend: Signs of nerves but nobody wants to leave the party?
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday 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. Something...
Market passes baton back to Fed’s Powell Put for today’s rally
On Monday the Standard & Poor's 500 and the NASDAQ Composite hit new all-time highs on what I'm calling the Vaccine Put, the hope that we'll see the announcement of an approved coronavirus vaccine by early in 2021 or maybe even the end of 2020 or perhaps before...
What rally? Yes, tech has zoomed but the average stock in the S&P 500 was still down 28% from its February peak as of the Friday close.
Forget about a "V-shaped" recovery or a "W-shaped" bounce-pullback-move up again recovery. The talk on Wall Street is now about a "K-shaped" recovery where a handful of companies and their shares sooar ahead but where the average company and its stock lags way, way...
Gold rallies today with stocks; is this the answer to the gold drop mystery?
Usually gold, a safe haven, time-of-fear asset, rises when stocks stumble and worries climb. Not during last week's big sell off in stocks. Then gold and gold stocks moved down along with stocks. Today, however, as the Standard & Poor's 500 rallied to end the day...
Gold is climbing while VIX falls and stocks set new records? But why?
Gold is supposed to go up when investors and traders are looking for safe havens and hedges against market volatility. So it makes sense the gold and gold mining stocks are gaining as coronavirus stalks through the land. Gold closed up 0.99% today to $1570.50 an...
Trick or Trend: China’s coronavirus outbreak is the perfect excuse to sell for investors and traders who were sitting on the fence
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. I'm not going...
Stocks start 2020 in melt-up mood
We've seen this before. And investors and traders seem determined to keep a good thing going--until it doesn't work anymore. Today, January 2, the first trading day in the new year for U.S. markets, stocks were off to the rally races again. The Standard & Poor's...
Failure to set Trump-Xi meeting place and date stalls market
It now looks likely that President Donald Trump and President Xi Jinping may not be able to sign that Part 1 trade deal until December. The two sides still haven't set a date or a place. The Chinese have ruled out the first two U.S. suggestions of Iowa and Alaska and...Jim’s Stock Alerts
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