Finally–the launch of my new subscription newsletter
It took a little longer than I expected (what with the simultaneous launch of the Jubak Global Equity Fund) but it’s finally here…
Ta da!! The Jubak Asset Management newsletter and website.
As promised, as my thanks for a year of your loyalty to JubakPicks.com (Yep, I started this site just a little more than a year ago) all readers of JubakPicks.com can subscribe for half price. Yep, for just $150 a year—a 50% discount off the retail price of $299—you can get my new JAM Letter.
Everyone who signed up this month for special offers and all registered users of Jubakpicks.com will be getting an email this week that includes a discount code for 50% off the JAM subscription. So be sure that you’re either registered at JubakPicks.com or that you’ve signed up for our special offers email. To register, just hit the ‘register or login’ button in the upper right-hand corner of JubakPicks.com. (Being a registered member allows you to access my stock portfolios and comment on my blog posts, and it’s free.) To sign up for the special offers email, click here. (Just by the way, if you invest in my new mutual fund, Jubak Global Equity, you get a free subscription to JAM.)
Okay, so even after a 50% discount, $150 is real money. What do you get for your cash?
Every day, not once a month or once a quarter, the Jubak Asset Management (affectionately known as JAM) newsletter and blog delivers:
- First access to my thoughts on the day’s most important market events
- Breaking videos, shot from my desk at Jubak Asset Management, with up-to-the-minute commentary on what the news means
- The weekly “Saturday Evening Quarterback” email to get you ready for the week ahead
- My takes on stock market conditions in the U.S. and global stock markets in the short-, medium-, and long-runs
- My in-depth reports on hot (and cold) sectors, industries, and global markets
- A daily summary of events and trends sent via email after the markets close, at around 5:00 PM EST.
And all this goes to readers of JAM first and often exclusively.
For example: right now on JAM you’ll find posts on why Spain’s banks are the big winners from the euro stress test; the reorganization at Grupo Mexico that makes this copper producer a buy; the Mexican deal that puts more fizz in Brazil’s Ambev; my first video from JAM world headquarters on the fatal flaw in the euro stress test; and more.
So all you registered users and folks who signed up for special offers: look for my email later this week with your discount code. Or, go straight to the JAM site at Jubakam.com to subscribe now.
Announcing a mutual fund from Jim Jubak
It’s named the Jubak Global Equity Fund (JUBAX). It’s available now. Today. This minute.
Follow this link to find out more about how to invest. Or read more here.
So why am I starting a mutual fund?
Three reasons, really.
First, a lot of readers have asked over the more than 13 years that I’ve run the Jubak’s Picks portfolio. They’ve asked for a fund because it would make it easier to track my picks and because they felt that they’d like me to invest for them. Let Jim do it, they said. And now I will. You can invest today by following this link to the Jubak Global Equity Fund site.
And because I want as many of the readers who asked for a fund to be able to invest in my fund, the minimum is just $500 and there’s no commission charge. (Learn how to invest in my fund by following this link.)
Second, a mutual fund will let me put your money to work in global stocks trading on global markets that are tough for individual investors to research or buy.
Here’s how the tide is running in earnings season–and some ways to profit from the flow
We’re just a little bit more than a week into earnings season and already some themes have started to emerge from the numbers.
Nothing definite. Call them “tendencies.” But I’m finding connections among the results—and the investor reaction to the results that will be worth investing in whenever anything is worth investing in. (For when that might be see my post http://jubakpicks.com/2010/07/12/the-fuel-is-there-but-where-and-when-is-the-match/ )
No big theoretical drum roll. No grand theory of everything. Just some exploitable trends as I see them that are emerging from the second quarter earnings numbers.
Scorecard, get your scorecard here as the market moves into earnings season
The rally last week—a gain of 5.4% on the Standard & Poor’s 500 stock index—puts the stock market in a very interesting position as earnings season starts. (Alcoa ((AA) traditionally kicks off the week and the aluminum maker reported Monday July 12.)
Instead of going into earnings season oversold—as the market was before last week’s rally—and thus ready to move up in the short-term on any good news, stocks are headed into the hurricane of earnings numbers overbought and thus with a slight propensity to go down on reports that aren’t better than expected.
The degree to which the market is overbought isn’t extreme so I wouldn’t say we’re guaranteed of a pull back as investors ask, But what have you done for me lately? of stocks that rallied last week. But the odds this week do favor the downside.
Here are the levels to watch on the S&P 500.
The fuel is there–but where (and when) is the match?
It’s called fuel for the next rally. But it’s better first to think of the money piling up on the sidelines as water building pressure in a pipe.
In the week that ended on Wednesday July 7 more money flowed into money market funds—and out of other financial assets such as stocks than in any week since January 2009. (Do I need to remind you what happened in March 2009? The market bottomed and set off the second greatest relief rally in U.S. stock market history.
Money market funds took in $33.5 billion in the week, according to EPFR Global. The United States accounts for about two-thirds of the money market funds that EPFR tracks.
The week also saw about $420 million flow into commodity funds as traders sought the safety of gold and other precious metals.
The money in money market funds is earning 0.5% or less—in some cases much less.
That’s only an acceptable yield as long as fear stays high. And the longer that money sits on the sidelines the harder it is for money managers to accept that kind of yield, safety or no safety. So think of this stage of the market as analogous to water building up in a pipeline behind a cork. At some point the pressure becomes impossible to resist and the water breaks lose. Money flows into markets—any sort of market—in search of something better than a 0.5% yield.
Now under the right conditions that flood of cash under pressure ignites financial markets. (Think of it as a flood of gasoline if my mixed metaphors are making you crazy.) The flood of cash in search of better returns drives up prices, leading more cash to slow into the market, driving up prices some more.
The cash that had been on the sidelines becomes fuel for the next rally.
