The Search for the Next Shoe to Drop in the Bank Crisis Goes On: What About Commercial Real Estate?
Officials from the White House, the Treasury Department, and the Federal Reserve, are huddling over risks to the banking systems from the $20 trillion market for commercial real estate. Analysts told the Washington Post that this market could be heading for a crash...
Please Watch My New YouTube Video: Trend of the Week Is a Minsky Moment Ahead?
Today I posted my two-hundred-and-fifty-second YouTube video: Trend of the Week Is a Minsky Moment Ahead? Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years:...
Please Watch My New YouTube Video: Quick Pick KBE Bank Stocks ETF
Today I posted my two-hundred-and-fifty-first YouTube video: Quick Pick KBE Bank Stocks ETF Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free download...
So what was today all about?
Stocks opened solidly higher today. At 11 a.m. and change New York time, the Standard & Poor’s 500 was up 1.75%. The Dow Jones Industrial Average had gained 1.48%. The NASDAQ Composite was ahead 2.46%. And the small-cap Russell 2000 was higher by 1.82%. The...
Market consensus converges on 25 basis point interest rate increase from the Federal Reserve tomorrow
The CME FedWatch Tool, which calculates the odds of a Fed move on interest rates by looking at prices in the Fed Funds Futures market, puts the odds of a 25 basis point interest rate increase from the U.S. central bank tomorrow at 86.4%. That’s up from 73.8% on...
Please Watch My YouTube video: Trend of the Week There is No Trend
Today I posted my two-hundred-and-forty-ninth YouTube video: Quick Pick Barrick Gold Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free download for...
With banks still in crisis, are tech sector stocks a beneficiary?
Ok, so Dan Ives is talking his book (or sector at least) but he still raises an interesting point. (Dan Ives is a Managing Director and Senior Equity Research Analyst covering the Technology sector at Wedbush Securities since 2018.)With bank stocks in particular and...
Global banking stocks lose $460 billion in March (so far)
Bank shares around the world have lost $460 billion so far in March (as of the close on March 17.) That’s a lot of money. Even these days when a coffee can run you $5.60. That’s the worst loss for the sector since the March 2020 Covid plunge. The heaviest...
Please join me for a live Q&A on YouTube at noon on Tuesday, March 21
A live Q&A!! Watch along on my YouTube channel. Ask your questions live. Get your answers live. Post your questions in advance in the comments to this post. And get them answered live on Tuesday. Hey, there must be something to talk about. The Wednesday, March...
What will the Fed do about interest rates on Wednesday and how will financial markets react?
The Federal Reserve will meet on Wednesday, March 22, to set interest rates. There are three things to watch from that meeting. First, whether the Fed will raise interest rates or not and by 25 basis points, 50 basis points, or not at all. Second, we will get the...
Credit Suisse takeover by UBS raises new issues in debt market
Solve one problem; create another one. While the news of UBS Group AG’s takeover of Credit Suisse brought an end to some worries that financial markets would go into Monday without some deal to rescue a bank regulators had called systemically important to the global...
Please join me for a LIVE YouTube Q&A at noon on Tuesday, March 21
A live Q&A!! Watch along on my YouTube channel. Ask your questions live. Get your answers live. Post your questions in advance in the comments to this post. And get them answered live on Tuesday. Hey, there must be something to talk about. The Wednesday, March...
Treasury yields jump as prices fall–What me worry?
Today at 2:30 p.m. New York time the yield on a 10-year Treasury was up 10 basis points to 3.55%. Yesterday the yield had dropped to 3.50%. The yield on the 2-year Treasury, very sensitive to sentiment on Fed interest rate policy, crossed back above 4% to 4.15%....
ECB sticks to inflation fighting with surprise 50 basis point interest rate increase today
The European Central Bank raised its benchmark short-term interest rate by another 50 basis points today. The bank said that the European banking system has strong capital and liquidity positions in spite of problems at Credit Suisse that led that bank to borrow $54...
Please Watch My New YouTube video: The Fed’s Impending Disaster
Today I posted my two-hundred-and-forty-eighth YouTube video: The Fed’s Impending Disaster Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free...
Swiss National Bank says it will provide liquidity to Credit Suisse
The Swiss central bank said today that it will provide a liquidity backstop to Credit Suisse if needed. “Credit Suisse meets the capital and liquidity requirements imposed on systemically important banks,” the Swiss National Bank said in a statement late Wednesday....
Now it’s Credit Suisse–the banking crisis goes international
Shares of Credit Suisse (CS) fell this morning–if a 31% drop at the worst moment can be called “falling”–after the bank’s biggest shareholder said it would NOT put more money into the challenged bank. As of noon New York time, shares of...
CPI inflation numbers put Fed between a rock and a hard place next week
February core inflation, measured by the Consumer Price Index, climbed from January at a faster month-to-month pace, according to this morning’s report from the Bureau of Labor Statistics. Core inflation, which excludes theoretically more volatile food and...
Is today (or maybe tomorrow?) the moment of maximum short-term fear? On my subscription JubakAM site, I’m selling one of my Call Options on the VIX fear index today
Back on March 6, I bought Call Options on the CBEO S&P 500 Volatility Index (VIX) at a strike of 23 for the May 17 and June 21 expirations for my Volatility Portfolio on my subscription JubakAM.com site. My logic was that at 18 or so, the VIX was trading at a...
Don’t forget tomorrow’s CPI inflation report for February
Tomorrow’s CPI inflation report for February will show whether the Federal Reserve faces a very difficult task in bringing down inflation without crashing the economy (and/or the banking system) or whether the job is simply impossible. Right now economists are...
What does the collapse of Silicon Valley Bank mean for your portfolio?
The answer is very little and a whole lot. It depends. I’ll explain. Here’s what we know about the sequence of events that led to the collapse of Silicon Valley Bank, a bank with $209 billion in assets as of the end of December. (As of 2022 year-end,...
What will be the fallout Monday from the collapse of Silicon Valley Bank?
Truthfully no one knows what’s going to happen as a result of the collapse of Silicon Valley Bank. Expect a lot of volatility, though, as the “smart money” tries to talk specific scenarios (watch out for shorts bearing expert commentary) and as the...
Please Watch My New YouTube Video: Quick Pick Apple (but not until it drops to $140 or so)
Today I posted my two-hundred-and-forty-sixth YouTube video: Quick Pick Apple Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for the Next 5 Years: Free download for subscribers...
Stocks drop on fear of tomorrow’s jobs report even though data today shows labor market weakness
Two reports showing “some” labor market weakness haven’t been enough today to offset worry over tomorrow’s jobs report for February. At the close in New York, the Standard & Poor’s 500 was off by 1.85% and the Dow Jones Industrial...
ADP payroll report comes in hot; is that bad news for Friday’s February job report?
Private payrolls increased by 242,000 in February, according to the ADP National Employment Report. Economists surveyed by the Wall Street Journal had been looking for the economy to add 205,000 jobs in the month. The February increase was well above the revised...
Please Watch My New YouTube Video: How Long Before Climate Change Forces the Fed to Rethink Inflation?
Today I posted my two-hundred-and-forty-fifth YouTube video: How Long Before Climate Change Forces the Fed to Rethink Inflation? Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy...
Stocks retreat on Fed chair Powell’s “higher and faster” testimony on interest rates
As the day wore on, the stock market decided that it liked Federal Reserve Chair Jerome Powell’s Senate testimony less and less. The Standard & Poor’s 500 was down just 0.72% at 11 a.m. New York time. The index closed down 1.53% for the day. The Dow...
Please Watch My New YouTube Video: Trend of the Week Utilities Are Struggling as Inflation Surges
Today I posted my two-hundred-and-forty-fourth YouTube video: Trend of the Week Utilities Are Struggling as Inflation Surges Want to grow your portfolio and protect it too? In the toughest investing market in 40 years? Grab my eBook, Your Best Investing Strategy for...
From California confirmation that nuclear power–and uranium producer Cameco–has more life thanks to global warming
When I added Cameco (CCJ), the big Canadian uranium producer, to my Jubak Picks Portfolio on February 22, 2023, I argued that plans by China and India to burn more coal, despite a potentially catastrophic increase in global temperatures, meant that the world would...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!