Please Watch My YouTube Video: Strong Dollar Hits Stocks–3 Things to Do
My one-hundred-and-fifty-fourth YouTube video “Strong Dollar Hits Stocks–3 Things to Do” went up today. The biggest factor driving falling prices in commodities (ahem, oil) is the rising strength of the dollar. Believe it or not, the US economy is...
Boris Johnson loses working majority mid-speech to Parliament
It was the kind of session that only Parliament can produce: jeering, catcalls, and mid-speech by Prime Minister Boris Johnson the dramatic resignation of a Conservative member of Parliament who got up from his seat and walked over to join his new party the Liberal...
Trump talks down dollar–and U.S. stocks
The U.S. dollar fell today after President-elect Donald Trump told the Wall Street Journal that the U.S. currency was too high–in part because China holds down the price of the yuan. On the comments the Bloomberg Dollar Spot Index was down 1.1% as of noon New...
U.S. markets decide not to go anywhere ahead of the weekend
U.S. stocks stabilized today–thanks to better than expected earnings from Citigroup (C) and JPMorgan Chase (JPM) and, well, Friday. The Standard & Poor’s 500 stock index closed up 0.02%. U.S. crude oil benchmark West Texas Intermediate fell 0.24% but...
Suddenly U.S. stocks seem vulnerable
It’s not like U.S. stocks didn’t have enough to worry about today. The bond market priced in the highest level of inflation expectations since May. Oil fell as Russia’s biggest producer Rosneft said it won’t cut output. Alcoa (AA), the company...The sovereign debt crisis turns from Greece to the United Kingdom
Everybody hates the pound sterling. As of March 9 the futures market showed a greater proportion of bearish bets against the pound than back in September 1992 when currency traders wagered that the British government wouldn’t be able to defend the pound and keep the...Want to see the U.S. dollar's future? Watch the fall of the pound
Short-term politics trump long-term economics. That’s the message in the beating administered to the pound yesterday. The implications for the United States are rather depressing. The pound got killed yesterday (March 1), falling almost four cents against the U.S....Trouble in Japan and the U.K. add up to a stronger U.S. dollar
Expect the dollar to keep moving higher in the near term. Credit rating worries in Japan and disappointing economic numbers in the United Kingdom pretty much guarantee that the U.S. dollar will continue to gain on the yen and the pound. On January 25 Standard &...The next financial crisis has a name and it's the United Kingdom
It’s one thing when it’s Greece or Portugal. A credit downgrade or warning for those two countries isn’t exactly headline news for most investors. For most of our portfolios these are peripheral markets. Ireland in trouble too? Yawn. Don’t own any Irish stocks. Italy?...Jim’s Daily Email Alerts:
Every post from Jubak Picks straight to your mailbox. And they're free!