September 11, 2020 | Daily JAM, Morning Briefing |
Three stocks in the Standard & Poor's 500 were up for every two that were down as the index turned in a day with very little movement--a gain of 0.05% at the close on September 11. The Dow Jones Industrial Average was ahead a bit more at 0.48% That lack of...
September 4, 2020 | Daily JAM, Morning Briefing, Short Term, Volatility, You Might Have Missed |
At noon New York time today the Standard & Poor's 500 was down 1.92% and the Dow Jones Industrial Average was off 1.63%. The NASDAQ Composite was lower by 2.65%. Despite solid gains in the August jobs report this morning that matched Wall Street expectations. But...
August 29, 2020 | Daily JAM |
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...
May 1, 2020 | Daily JAM, Morning Briefing, Volatility, You Might Have Missed |
On Wednesday, I felt really stupid. I don't believe in this rally. I still think we're due for the bear to come roaring back. And I think the bottom in this market is still somewhere ahead. But on Wednesday April 29, I felt completely WRONG. The Standard & Poor's...
January 24, 2020 | 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. I'm not going...
January 9, 2020 | Daily JAM, Mid Term |
It's obvious when you think about it why a year with great investing returns--like the 33% total return (with dividends) on the Standard & Poor's 500 in 2019--should lead to a year of stupid investing behavior. A year of great returns exerts powerful pressure...
January 5, 2020 | Daily JAM |
... the dominos to keep falling from the death of Iran's Major General Qasem Soleimani, commander of the Quds Force of the Iranian Revolutionary Guard and mastermind of Iran's military terrorism effort, in a U.S. drone strike. I don't see a quick big retaliatory act...
August 26, 2019 | Daily JAM |
The Chinese decision on Friday of last week to retaliate to earlier U.S. tariffs by slapping a 10% duty on $75 billion in U.S. exports to China certainty ratcheted up the financial market and economic uncertainty. They took the current U.S.-China trade war to a new...
August 25, 2019 | Daily JAM, Morning Briefing |
The Standard & Poor's 500 has twice bounced back from big drops in August. Back in the first few days of the month, the index fell to 2,844--before bouncing back 3.3% in the next three sessions. A week later the index fell to 2,840 and then bounced back strongly....
August 23, 2019 | Daily JAM |
In a Twitter post today, U.S. President Donald Trump asked, “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” It's not really surprising that Trump based the Federal Reserve chair today. Indications are that Trump was disappointed that Powell...
August 21, 2019 | Daily JAM, Mid Term |
August trading volumes are really, really low. On Monday and Tuesday trading in the SPDR S&P 500 ETF, a popular vehicle for trading the stocks in the Standard & Poor's 500, averaged 52.6 million shares, about 31% lower than the average volume over the last 30...
August 15, 2019 | Daily JAM, Short Term |
Up 0.43% at 10:12 a.m. on Thursday, the Standard & Poor's 500 index was down by 0.28 by 11.:20 am. Then up again by 0.41% by 12:06 p.m. And down again by 0.03% at 3 p.m. The index rallied into the close, getting as high as 2854.38 at 3:53 before closing a 2847.60,...