As promised in my YouTube video: How to position a portfolio for this market (first thoughts)
After Wednesday’s news from the Federal Reserve, we all know that an interest rate increase is coming–even if we don’t know when. Could be 2022. Could be 2023. And even if we don’t know how many increases we’re looking for in that time...
Today the market looks a lot like “before the Fed Wednesday”
Remember way back at the beginning of last week? That is before the Federal Reserve signaled on Wednesday that more of the members of its Open Market Committee were thinking about raising interest rates sooner than previously expected. Re-opening stocks, value stocks,...
Today brings the selling that many expected after Wednesday’s Fed meeting
Yesterday, growth stocks climbed in the face of signals from the Federal Reserve on Wednesday that interest rates increase were coming sooner–as soon as the end of 2022–than expected. That seemed puzzling. May be, one line of thought (mine) had it,...
The Standard & Poor’s 500 is basically flat with a loss of just 0.04% as of the close today. If you want ACTION!!! you have to look elsewhere: To the NASDAQ Composite, which was up 0.87% at the close and to the small cap Russell 2000, which was down 1.18%...
Initial claims for unemployment rise to end six-week streak of improving labor market
Initial jobless claims in regular state unemployment programs rose to 412,000 for the week ended June 12. Economists surveyed by Bloomberg were expecting 3.425 million new claims. This is the last week for which it will be possible to put together a meaningful trend...
Watch my new YouTube video: “Interest Rate Hikes Are Coming”
I’m starting up my videos again–this time using YouTube as a platform. The twenty-eighth YouTube video “Interest Rate Hikes Are Coming” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Today it’s the Dot Plot and not the Fed’s story that sends prices down
The rhetoric was the same after today’s meeting of the Federal Reserve’s Open Market Committee: “Inflation has risen, largely reflecting transitory factors.” The Fed kept its benchmark short-term interest rate at 0% to 0.25% But the Dot Plot...
Take that Ford: GM will boost spending on electric and autonomous vehicles by 30% through 2025
General Motors (GM) will boost global spending on electric and autonomous vehicles to $35 billion through 2025. That’s a 30% jump over its last spending plan, Reuters reported today. The No. 1 U.S. automaker will build two additional U.S. battery plants and...
The Fed edges closer to losing control over the inflation narrative ahead of tomorrow’s Open Market Committee meeting
The Federal Reserve is facing a “can’t win” situation as chair Jerome Powell prepares his post-meeting statement for tomorrow. If Powell indicates that the Fed is even a bit more worried about inflation, that the central bank is thinking that the...
With Fed meeting on tap for tomorrow, stocks slip on disappointing retail sales growth
Retail sales fell by 1.3% in May from April, the Commerce Department reported this morning. Economists surveyed by Bloomberg had projected a 0.8% month over month drop. The month to month drop in retail sales was the first drop in month to month sales since February....
Ahead of Wednesday’s Fed meeting, stocks tread water
As of the close on Monday, June 4, the major stock indexes were treading water waiting to here what, if anything, the Federal Reserve might say after the Wednesday meeting of its interest-rate-setting body, the Open Market Committee. (No one really expects the Fed to...
Buying Cyber Security stock CrowdStrike in my Jubak Picks and Millennial portfolios
I posted Friday, June 11, that investors looking for a theme to buy in an expensive market had turned to Cyber Security stocks. Makes sense, I noted, with ransomware attacks running at a fast pace and forecast pointing to even more attacks on corporate and government...
CEO Dimon says JPMChase is building cash in expectation of higher interest rates
Today, Monday June 14, JPMorgan Chase (JPM) CEO Jamie Dimon said that the bank is holding around $500 billion in cash in order to benefit from higher interest rates. Dimon told a Morgan Stanley virtual conference that he expects rising inflation will result in higher...
Investors see a theme to buy in CyberSecurity stocks today
Investors looking for a theme to buy in an expensive market where the Standard & Poor’s 500 hit a new all-time high yesterday today, June 11, looked to Cyber Security stocks. And why not with the newest round of ransomware attacks clearly not the last...
Faith in the Fed, yes, but today no one wanted to get too far ahead of the June 16 meeting
Yesterday the Standard & Poor’s 500 hit its first new all-time high since early May as investors and traders bought into the reassurance from the Federal Reserve that the 5% year over year increase in the Consumer Price Index was merely a temporary jump in...
Workers quitting their jobs at record pace
As long as we’re on the subject of the labor market and how hard it is to figure out whether or not we’re about to see an outbreak of wage-driven inflation in this economy, let’s take a quick look at the June 8 release of the JOLTS (Job Openings and...
Prices rise by a 5% year over year rate in May, market continues to buy Fed argument that inflation is temporary
Inflation, as measured by the Consumer Price Index (CPI), rose by 5 percent in May from May 2020. That’s the fastest rate of increase since the Great Recession that followed on the Global Financial Crisis. Both the Federal Reserve and the Biden White House...
Watch my first YouTube Q&A video from yesterday, June 9
I’ve starting up my videos again–this time using YouTube as a platform. And yesterday I tried something new–a live Q&A. If you missed watching me answer questions from viewers–submitted in advance or live–you can watch it at the link...
Adding Ford to my Jubak Picks Portfolio
Today I made Ford (F) my fifth pick for a falling market in my Special Report: Five Picks and Five Hedges for a Falling Market on my JubakAM.com subscription site. Some of the logic of that pick is laid in n more detail in the Special Report. With momentum stocks...
Join me tomorrow, Wednesday, at 6 p.m. for a live Q&A on YouTube and Instagram
Tomorrow at 6 p.m. ET instead of my usual YouTube video, I’ll be hosting a live Q&A on my YOuTube channel and on Instagram. I’ll be talking about inflation, supply chain shortages, market volatility, and whether the Nets can beat the Bucks without...
On the market’s risk complacency, I’m adding another VIX call to my Volatility Portfolio–this one for October
The CBOE S&P Volatility Index (VIX) dropped 8.9% on Friday, June 4, to 16.44. It’ up just slightly today to 16.73 (up 1.89%) as of 2 p.m. New York time. That’s, in my opinion, an extremely low reading on the fear index considering how many potentially...
Join me for a live Q&A this week on YouTube and Instagram
This week instead of my usual YouTube video, I’ll be hosting a live Q&A on my YOuTube channel and on Instagram. I’ll be talking about inflation, supply chain shortages, market volatility, and whether the Nets can beat the Bucks without James Harden....
Selling VanEck Vectors Low Carbon Energy ETF out of my Jubak Picks Portfolio on June 3
Back when I bought the VanEck Vectors Low Carbon Energy ETF (SMOG) for my Jubak Picks Portfolio on January 7, 2021, it looked like this ETF’s overweighting in shares of Tesla (TSLA) would be an advantage. After all, the shares of the maker of the world’s...
Will we get a “Goldilocks” job report for May tomorrow morning?
Employment numbers today suggest that we could get a Goldilocks May job report tomorrow. The ADP Research employment survey said U.S. private employers added 742,000 jobs in May. That’s the most in seven months. But it is slightly below the 850,000 projected by...
Watch my New YouTube video: “4 Picks to Shoot the Moon”
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. The twenty-sixth YouTube video “4 Picks to Shoot the Moon” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Another slow day for the indexes–and another roaring day for “meme” stocks
The market as a whole continued to tread water today, June 2, as it waits for Friday’s report on May job gains. The Standard & Poor’s 500 closed up 0.14% and the Dow Jones Industrial Average finished ahead 0.07%. The NASDAQ Composite ended higher by...
Stocks on pause as market waits for Friday’s May jobs numbers
The last time the government reported monthly jobs numbers, investors and traders faced a big surprise. In April the U.S. economy added only 266,000 jobs. That was well below expectations for the addition of 1 million jobs in the month. Waiting for the May jobs report...
PCE inflation up at 3.6% rate in April; financial markets agree that inflation surge is temporary
Inflation as measured by the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, rose at a year over year rate of 3.6% in April. Prices rose 0.6% in April from March, the Bureau of Economic Analysis announced this morning....
Biggest oil and climate change news yesterday wasn’t at ExxonMobil or Chevron
Yesterday, May 26, a Dutch court ordered Royal Dutch Shell (RDS) to cut its carbon emissions by 45% by 2030 compared with 2019 levels in a case brought by climate activist groups. The Hague District Court ruled that the Anglo-Dutch energy company has a duty to care...Jim’s Daily Email Alerts:
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