Remember China? People’s Bank weakens yuan
The last time that the People’s Bank tried to pull off this balancing act was back in January 2016 when what looked like an extended trend of weaker fixings against the dollar contributed in a decline in emerging markets of 13.8% from December 28 to January 20.
Trick or Trend: Friday’s drop looks big enough to trigger computerized selling in the first half of next week
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...UK voters decide to leave the European Union–What’s next (Part I: in the short run)?
In the short term volatility itself will bring more selling as computerized trend-following strategies designed to limit risk create more selling. When the price trend turns negative–as it has today after four previous days had left the S&P ahead by about 2%–these strategies say sell in order to keep up with index volatility and to limit the size of future losses
What’s the upside/downside for U.S. oil shale plays? The Continental Resources scenario
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Odds of a UK exit from the European Union fall but the Fed adds anxiety to the market on U.S. economy
Just as British bookmakers are soothing some financial market angst over the results of Thursday’s Brexit vote, Federal Reserve chair Janet Yellen is turning up the anxiety meter. Basically what Yellen said today is that the Fed is on watch to see whether the U.S. economy will show signs of improvement in growth. That’s a significant shift from last week when Yellen talked about watching to see when the economy showed signs of improvement.
Dollar continues to drop, gives oil prices respite
The U.S. dollar is down for the third straight day and that has given oil prices a chance to recover after six straight declines. The dollar, as measured against the basket of currencies in the Bloomberg Dollar Spot Index, was down 0.42% today, as of 1:30 p.m. New York time Oil, on the other hand, has rallied today with the U.S. benchmark West Texas Intermediate up 2.75% to $47.48 a barrel
Morgan Stanley says No again to China on emerging markets index inclusion
Wait until next year. Again. Morgan Stanley Capital International, the keeper of the MSCI Emerging Markets index, yesterday decided that it wasn’t time yet to include China’s Shanghai and Shenzhen markets in the stock index. This marks a third “No” from Morgan Stanley’s index keepers
The Wednesday decision on whether to add China to the emerging market index means financial markets will ignore China’s deep economic troubles for at least a few more days
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Suddenly my April 28 trade on the VIX and a return of volatility looks like it might work after all
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Where’s the missing volatility? How about the Treasury market, which is seeing the most volatility since 2008
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Is volatility about to spike in China? And could it take global volatility up with it?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Jim’s Stock Alerts
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