August 21, 2024 @ 8:20 pm | Breaking News |
Monthly employment reports overstated the number of job created by the U.S. economy by 818,000 in the 12 months that ended in March 2024, the Labor Department reported on Wednesday, August 21. That revision, part of the annual process that reconciles job reports...
August 19, 2024 @ 5:46 pm | Breaking News |
No doubt about it. A soft-landing would be way better for the economy than a poke in the eye with a sharp stick. No big spike in unemployment. Decent growth in real personal incomes. Controlled and relatively low inflation. Real interest rates...
August 16, 2024 @ 6:09 pm | Breaking News |
U.S. consumer sentiment rose in early August for the first time in five months as consumers raised expectations on their finances and on subsiding inflation. The University of Michigan sentiment index climbed to 67.8 from 66.4 in July, according to the preliminary...
August 16, 2024 @ 5:51 pm | Breaking News |
What happened to all that selling? And the conviction that the U.S. economy ws headed for a recession? The Standard & Poor’s 500 finished Thursday, August 15, with another up day for a 6-day rally that has pushed the index up 6.6%.Treasury yields surged with the...
August 16, 2024 @ 5:48 pm | Breaking News |
A plunge in new corporate borrowing in China combined with Chinese households preferring to repay debt rather than expand borrowing saw bank loans in China shrink last month for the first time since July 2005. That deepened China’s years-long battle with weak credit...
August 12, 2024 @ 8:41 am | Breaking News |
Expect a final inflation test this week before the Federal Reserve meets on September 18. Unless there’s a huge surprise in the Wednesday, August 14, CPI report, the Fed will cut interest rates for the first time at that meeting. The Federal Reserve Bank of...
August 7, 2024 @ 5:37 pm | Breaking News |
The options market is implying the S&P 500 Index will move 1.2% in either direction Thursday morning on the report on U.S. initial and continuing claims for unemployment. The options market is pointing to about that same level of potential volatility on August...
August 7, 2024 @ 5:34 pm | Breaking News |
Briefly on Monday’s scary stock market volatility, traders and investors decided that the Federal Reserve would make its first interest rate cut at its September 18 meeting not a “business-as-usual” 25 basis points but a “market emergency” 50 basis points. On...
August 6, 2024 @ 6:20 pm | Breaking News |
oday, Tuesday August 6, the Nikkei 225 index closed up 10.23% in Tokyo. That erased most of Monday’s 12% loss. And it led to the U.S. futures market opening higher and U.S. stock indexes moving up today. At the close in New York, the Standard & Poor’s 500 was...
August 6, 2024 @ 6:11 pm | Breaking News |
Okay, the correction in the NASDAQ and the near correction in the Standard & Poor’s 500 isn’t all about Japan. U.S. stock valuations are stretched. Air is coming out of the AI bubble. The U.S. economy is slowing But to me those factors don’t explain the stunning...
August 5, 2024 @ 5:44 pm | Breaking News |
August. Yeah, I know you can read a calendar, but take a moment to think about how the extraordinary August economic news vacuum feeds into the current market plunge. It’s a good environment for downside volatility. No Federal Reserve meeting in August so no interest...
August 2, 2024 @ 6:02 pm | Breaking News |
The U.S.economy added only 114,000 jobs in July. Economists surveyed by Bloomberg had projected an increase of 175,000 jobs in the month. The unemployment rate unexpectedly climbed by 0.2 percentage points to 4.3% in July, exceeding all 69 estimates by economists....
August 1, 2024 @ 5:39 pm | Breaking News |
At Wednesday’s meeting the Federal Reserve left its benchmark interest rate unchanged at 5.25% to 5.50%. Fed Chair Jerome Powell said an interest-rate cut could come as soon as September. “The question will be whether the totality of the data, the evolving outlook,...
August 1, 2024 @ 5:33 pm | Breaking News |
Global sales at McDonald’s (MCD) store locations open at least a year fell 1% in the April-June period, the first decline since the final quarter of 2020, the company reported in announcing second quarter earnings. In the United States, sales fell nearly 1%....
August 1, 2024 @ 5:28 pm | Breaking News |
The latest report on the ISM manufacturing index came in at 46.8 for July, lower than expected and down 1.7 points from the 48.5 recorded in June. (In this index ny reading below 50 indicates contraction in the sector.) That sign of contraction fueled fears that the...
July 26, 2024 @ 8:22 am | Breaking News |
Shares of Tesla (TSLA) fell 12.3% Wednesday July 24, after the company delivered bad financial news in its second quarter earnings report. If you own Tesla or are thinking of buying the shares on this tumble, or indeed you own any stock in the current market, you need...
July 26, 2024 @ 8:17 am | Breaking News |
The U.S. economy grew at a stronger than expected 2.8% annualized rate in the second quarter. The growth rate for the quarter that ended in June was double the 1.4% rate in the first quarter. Consumer spending and business investments drove almost all of the second...
July 26, 2024 @ 8:12 am | Breaking News, Jubak Picks Portfolio |
Viking Therapeutics (VKTX) has announced that its subcutaneous obesity drug candidate VK2735 is moving into Phase III development. Viking is currently preparing for an end-of-Phase II meeting with the Food & Drug Administration later this year. Just as...
July 23, 2024 @ 5:51 pm | Breaking News |
On Monday, July 22, the People’s Bank of China lowered its benchmark lending rates and an important short-term policy rate. The precise timing was a surprise although leaders at the recently concluded third plenum had flagged continuing problems in the real estate...
July 23, 2024 @ 5:47 pm | Breaking News, CRWD, S |
Nothing like being at the center of the largest IT “event” in history to send a stock tumbelling. Last week CrowdStrike (CRWD), one of the biggest makers of cybersecurity software, pushed out a flawed update that caused an error in the Microsoft Windows operating...
July 21, 2024 @ 8:27 am | Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
I expect technology sector weakness to continue this week with earnings worries still unanswered. What could put an end to selling in tech stocks? The NASDAQ 100 is down almost 4% in the last week. Certainly earnings news that showed earnings growth at the companies...
July 16, 2024 @ 6:36 pm | Breaking News |
The small-cap Russell 2000 index gained 1.90% yesterday, July 15. That beat the 0.28% gain for the Standard & Poor’s 500. And the 0.53% gain for the Dow Jones Industrial Average. And a 0.27% gain for the NASDAQ 100 index. And today, as of noon, New York time, the...
July 14, 2024 @ 7:42 pm | Breaking News |
This wee watch to see if we finally get that long-awaited, long-predicted, and never-quite-arriving rotation out of technology stocks (and especially those BIG tech stocks) and into smaller capitalization stocks, or consumer stocks or value stocks. Just about anything...
July 5, 2024 @ 4:50 pm | Breaking News, Jubak Top 50 Portfolio, NVDA |
If you own Nvidia (NVDA) shares or are thinking of buying them post the stock’s 10 for 1 split, I know you’re trying to figure out 1) how much more upside is there to Nvidia’s shares, and 2) how much more valuable can a stock with a $3 trillion market cap get? You’re...
July 5, 2024 @ 4:46 pm | Breaking News |
The U.S. economy added 206,000 jobs in June, the Bureau of Labor Statistics reported today, July 5. That was above the median forecast of 190,000 new jobs in a Bloomberg survey of economists. But even though the June number came in above expectations, the overall...
June 24, 2024 @ 4:55 pm | Breaking News |
At this point in the AI cycle I’d like to own shares of companies providing AI solutions in relatively “easy” data universes. (Nothing as complex as voice recognition for an interface with a diverse customer universe under uncontrolled environmental conditions. Like a...
June 20, 2024 @ 5:51 pm | Breaking News, Jubak Top 50 Portfolio |
I’ve made Broadcom Pick #3 in my Special Report on my subscription set JubakAM.com. And today I’m adding it to my long-term 50 Stocks Portfolio. Here’s what I wrote: Pick #3 is Broadcom (AVGO) As AI chips and systems get more powerful, someone has to build the chips...
June 20, 2024 @ 5:44 pm | Breaking News |
On Tuesday, June 18, the Congressional Budget Office projected that the federal debt would hit $50.7 trillion by 2034. That’s only 10 years from now. That year the federal debt will equal 122% of the United States’ annual economic output (GDP). That would far surpass...
June 18, 2024 @ 5:10 pm | Breaking News |
This is Giorgia Meloni’s time in the sun. I hope she enjoys it. The pasta is about to hit the fan. Which will lead the dollar to rally against the euro. Some more. And which gives me Step #6 in my Special Report: 7 Steps to Take Now to Protect Your Portfolio While You...
June 18, 2024 @ 5:01 pm | Breaking News |
Data Monday, June 17, show that China’s economy needs more stimulus to overcome the persistent drag from China’s housing slump. The most recent bit of bad news is that industrial output—-which has made up for slow consumer spending lately-—fell short of forecasts....