Watch my new YouTube video: “The market’s big fear is the economy”
I’m starting up my videos again–this time using YouTube as a platform. My forty-ninth YouTube video “The market’s big fear is the economy” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Watch my new YouTube video: “Quick Pick Adobe”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My fiftieth YouTube video “Quick Pick Adobe” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
More (verbal) news from the Fed this afternoon than the consensus expected
As expected the Federal Reserve’s Open Market Committee kept the central bank’s benchmark interest rate at 0% to 0.25% and left its bond buying program on a path to buy $120 billion of Treasuries and mortgage-backed assets a month. Unexpectedly, though,...
People’s Bank supports markets (and Evergrande) a little bit
I’d call the policy being followed by the People’s Bank in the China Evergrande crisis “Try to support the markets but see how little we can get away with.” Today China’s central bank supplied liquidity (About $18 billion worth) to the...
China Evergrande misses interest payments to banks
On Monday China Evergrande missed interest payments due to at least two of its largest bank creditors. Banks had been expecting Evergrande to miss the payments after China’s housing ministry told them the company would be unable to pay on time. Evergrande has borrowed...
Next clue on Evergrande crisis will come from People’s Bank on Wednesday
Even though China Evergrande has missed interest payments to its biggest bank creditors, banks seem to be waiting for official guidance from the government before making any moves to declare the property development company in default. The banks–and investors...
Individuals buying on the dip can’t keep stocks in the green today
Retail investors sure tried. They bought $1.93 billion in stocks on Monday. But after a solidly higher open today, Tuesday, September 21, that saw the Standard & Poor’s 500 up 0.78% at 9:48 a.m., stocks drifted slowly lower for the rest of the day as a...
Call to Action: Rolling over VIX Options today
On my paid JubakAM.com site today, I recommended selling the November 17 VIX Call Options in my Volatility Portfolio and rolling that profit of 41.25% over to buy the December 22 VIX Call Options. Just so you know what I’m doing on my subscription site about...
Wall Street has started to fret about third-quarter profit warnings
Profit warnings for the third quarter, which ends on September 30 for most companies, have started to worry Wall Street. So far most of the revisions have come from materials producers such as PP Industries (PPG) and Sherwin-Williams (SHW). PP Industries, for example,...
Will a 5% drop bring out the buy on the dippers? Not, I’d argue, until the People’s Bank makes a move
The Standard & Poor’s 500 fell another 1.70% today and it’s now down 3.94% from the September 2 high. As the index dropped last week (again) and over the weekend, lots of Wall Street money managers said Hey, stocks were over-valued and news from...
China’s Evergrande crisis is a really big deal even if Beijing again intervenes to “save” the company
Without government intervention China Evergrande, one of the country’s biggest property developers, will be forced into a bankruptcy reorganization. The company used promises of above market returns to raise billions in financing from individual investors...
Watch my new YouTube video: “Quick Pick Albemarle:
I’m starting up my videos again–this time using YouTube as a platform. My forty-eighth YouTube video “Quick Pick: Albemarle” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Individual investors aren’t buying on the dip–I think they’re waiting for bigger bargains
An interesting–and I think important–post by Ethan Wolff-Mann on Yahoo Finance yesterday (https://finance.yahoo.com/news/retail-traders-arent-buying-the-dip-like-normal-analysts-201817959.html). According to Data from Vanda Research, individual investors...
China’s economy slows at unexpectedly high speed
Retail sales rose just 2.5% in August from a year earlier, China’s National Bureau of Statistics reported today. The estimate from economists surveyed by Bloomberg was for 7% year over year growth. Retail sales grew at an 8.5% pace in July. Industrial production...
Watch my new YouTube video: Time to Worry About China Too
I’m starting up my videos again–this time using YouTube as a platform. My forty-seventh YouTube video “Time to Worry About China Too” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
So far it’s just a typical September slump
I found myself humming “I scare myself” this morning as the market continued its September selling. The Dan Hicks and the Hot Licks song pretty much sums up the market action this morning. We all know that stocks go down in September so we’re sending...
Inflation is moderating–if you want to read today’s numbers that way
This morning the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.3% in August (on a seasonally adjusted basis.) That comes after a 0.5% increase in July. Year over year the headline CPI rose 5.3% in August. That’s slightly below...
Solutions for my YouTube video on September/October risk–What to do? 5 Moves
Sign Up for Jim‘s Newsletter Back on September 4 I posted a video on YouTube and this site “September and October 2021 Worse Than Usual for Investors?” that argued that September, the worst performing month for the Standard & Poor’s 500 from 1950...
Energy stocks let S&P 500 and Dow break losing streak
Most of the major U.S. stock indexes broke a five-day slide today thanks largely to gains in the energy sector as crude prices rallied to a six-week high. Indexes such as the Standard & Poor’s 500 and the Dow Jones Industrial Average, with their energy...
Will we get “inflation volatility” from tomorrow’s CPI report?
Economists expect the Consumer Price Index (CPI) to have edged lower in August in tomorrow morning’s report. Expectations are that the Core CPI, which excludes volatile food and energy prices, fell in August to a 4.2% year over year rate. The core CPI hit 4.5%...
Watch my new YouTube Video: “September and October 2021 Worse Than Usual for Investors?”
I’m starting up my videos on again–this time using YouTube as a platform. My forty-sixth YouTube video “September and October 2021 Worse Than Usual for Investors?” went up today. The “solutions” post will go up Sunday. Please watch...
My vacation schedule
With apologies to the GoGos. “Vacation All I ever wanted Vacation Had to get away” I’m taking some time off starting today. I’ll be back at the keyboard full time on September 13. Except for travel days–like today and...
As promised in my YouTube QuickPick video on PANW, I’m adding OKTA to my cybersecurity picks
In last week’s YouTube video QuickPick of Palo Alto Networks (PANW) I promised a longer take on the cybersecurity sector and another pick for my portfolios to go with Palo Alto Systems and CrowdStrike (CRWD). This post is that (somewhat) longer take and OKTA...
The big tech earnings reports may be over, but now tech earnings get interesting
We’ve heard from Amazon, Alphabet, Facebook, Microsoft, and Apple. The earnings from the BIG GUYS are IN. But this week brings a bushel of earnings reports from the next generation in technology. And on recent performance these stocks have been out gaining most...
Stocks gain on “No surprises” speech from Powell
Federal Reserve Chair Jerome Powell didn’t surprise Wall Street with his speech today at the (virtual) Jackson Hole central bankers conference. Instead he left the Federal Reserve on a path to begin reducing its purchases of Treasuries and mortgage-backed assets...
Watch my new YouTube video: “QuickPick Palo Alto Networks”
I’m starting up my videos on again–this time using YouTube as a platform. My forty-fifth YouTube video “QuickPick: Palo Alto Networks” went up today. The post to add another cybersecurity pick to my portfolios will go up this evening. Palo Alto...
Stock market “frets” ahead of tomorrow’s Jackson Hole speech by Fed chair Powell
Investors and traders are hedging their bets–a little–ahead of tomorrow morning’s speech by Federal Reserve chair Jerome Powell at the central banker’s (virtual) Jackson Hole jamboree. The worry is that Powell will says something relatively...
Click your heels together and repeat, “There is no inflation”
Taiwan Semiconductor Manufacturing (TSM), which makes chips for everybody and everything, plans to raise prices on its silicon by 10% to 20% in 2022, DigiTimes reported today. The company will raise prices on “mature-technology chips” manufactured on 16...
Watch my new YouTube video: “Amazon’s miss is a big deal…for all stocks”
I’m starting up my videos again–this time using YouTube as a platform. My forty-fourth YouTube video “Amazon miss is a big deal…for all stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can...Jim’s Daily Email Alerts:
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