Watch my new YouTube video: Quick Pick MGM Resorts International
I’m starting up my videos again–this time using YouTube as a platform. My sixty-second YouTube video “Quick Pick MGM Resorts International” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Projections for Christmas spending by consumers sure make it look like inflation expectations are rising
Consumers’ holiday spending intentions are a tad lower than in 2020, according to the latest survey from the Conference Board. On average, consumers intend to spend $648 on gifts this holiday season, according to the survey. That’s down from $673 in 2020. But it...
Beware the bond market’s duration bomb
As bond yields have tumbled because of the Federal Reserve’s lower interest rates for longer monetary stance, investors have compensated by buying longer duration bonds. The logic is pretty simply. A one-year Treasury now yields 0.11%. A two-year Treasury pays...
Watch my new YouTube video: Trend of the Week Alternative Energy Stocks
I’m starting up my videos again–this time using YouTube as a platform. My sixty-third YouTube video “Trend of the Week: Alternative Energy Stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see...
China Evergrande contagion spreading to rest of Chinese economy
In September new home prices across 70 cities in China fell for the first time in six years. The drop of 0.08% is more significant than the absolute number seems because China counts on property-related industries for almost a quarter of its GDP. And because real...
Watch my new YouTube video: QuickPick Eversource Energy
I’m starting up my videos again–this time using YouTube as a platform. My sixty-second YouTube video “QuickPick: Eversource Energy” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...Watch my new YouTube video: 3 Picks for a Market That’s Grinding Higher
I’m starting up my videos again–this time using YouTube as a platform. My sixty-first YouTube video “3 Picks for a Market That’s Grinding Higher” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can...
Beating low expectations isn’t enough–Netflix drops after Tuesday earnings report
Shares of Netflix (NFLX) were down today, closing 2.17% lower, even through the company reported after the close yesterday that it had added 4.38 million new subscribers. That was well above the company’s own forecast of 3.5 million new subscribers and Wall...
Watch my new YouTube video: “Trend of the Week–Hidden Inflation”
I’m starting up my videos again–this time using YouTube as a platform. My sixtieth YouTube video “Trend of the Week: Hidden Inflation”” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
If P&G earnings are an accurate indication, the Main Street economy is in trouble
Today, October 19, Procter & Gamble (PG) reported fiscal year first quarter earnings of $1.61 against Wall Street projections of $1.59. (That’s down 1% from the first quarter of the prior fiscal year.) Sales grew to $20.34 billion versus Wall Street...
Watch my new YouTube video: Quick Pick Orsted
I’m starting up my videos again–this time using YouTube as a platform. My fifty-ninth YouTube video “QuickPick: Orsted” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
China’s economy grows at slower than expected 4.9%
China’s economy grew more slowly than expected in the third quarter. Gross domestic product (GDP) expanded 4.9% in the July-September quarter from a year earlier, the national statistics bureau said today, October 18. That’s a big drop from the 7.9% year over...
Buy on the dip LIVES! But it’s even more complicated than usual
Need anymore evidence than the stock market action yesterday and today? Yesterday, October 13, with the Standard & Poor’s 500 down for three straight sessions and the index lower by 4.1% from its September 2 high, the market reversed. Suddenly everyone...
Is the Goldilocks market ready for challenges from the bears?
You can see yesterday’s stock rally and its continuation today as a return of the Goldilocks market. Yesterday, for example, inflation, if you look just at core inflation–that is without food and energy prices–looked strong enough to make the Federal...
Taiwan Semiconductor beats on earnings, flags continued tight chip supply throughout 2022
Taiwan Semiconductor Manufacturing (TSM), the dominant independent chip manufacturer in the world, reported earnings today, October 14, of $1.08 per share for the September quarter. Wall Street analysts hd expected earnings of $1.04 a share. The stock closed up 2.35%...
In today’s rally everyone loves risk–which isn’t necessarily a good thing
If you look only at the major indexes, today was a mildly positive day. The Standard & Poor’s 500 closed up 0.30%, although the Dow Jones Industrial Average was flat. The NASDAQ Composite gained 0.73% at the close and the NASDAQ 100 added 0.77%. The small...
Price increases are “transitory”? Headline CPI soars at 5.4% rate
Inflation wasn’t so bad in September–as long as you didn’t eat or use any energy. Headline inflation measured by the Consumer Price Index rose 0.4% from August and climbed at a 5.4% year over year rate. Core inflation, which excludes increases in the...
Apple reportedly to cut iPhone 13 production targets on chip shortage
This doesn’t help a chip sector already in a correction and on the verge of breaking major technical support. (The iShares Semiconductor ETF (SOXX) fell 1.25% yesterday to $435. That’s well below the 50-day moving average at $459 and just slightly above...
It’s already correction time in the chip sector
The Philadelphia Semiconductor Index is now down 8.7% from its September 16 peak. The slump comes as investors and traders sell on fears of supply-chain problems in the sector and especially in the memory chip market. The drop has left the index testing its 200-day...
Watch my new YouTube video: Trend of the Week Cyber Security Stocks
I’m starting up my videos again–this time using YouTube as a platform. My fifty-seventh YouTube video “Trend of the Week Cyber Security Stocks” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Watch my new YouTube video: QuickPick Xylem
I’m starting up my videos again–this time using YouTube as a platform. My fifty-sixth YouTube video “QuickPick Xylem” went up today. Please watch and subscribe to my YouTube channel. And like my video. You can see it...
Big bank earnings this week won’t tell us what we need to know about this quarter’s reports
Big bank earnings arrive on Wednesday and Thursday but, unfortunately, they won’t tell us anything useful about the margin pressures from rising global supply chain shipping costs or higher prices for raw materials. Those are the factors that could produce a...
There’s an oat shortage–not good for OTLY or GIS; not good for food inflation in general
his year a drought hit oat farmers just in time to shape oat production nearly in half in Canada, the world’s largest oat exporter. In the United States, one of the top consumers of the grain used in everything from oat milk to Cheerios to granola bars, the...
Why financial markets didn’t believe today’s jobs number
Going into today’s September jobs report, the consensus speculation was that a print of fewer than 200,000 new jobs for the month had the potential to move the market because it would be weak enough to push the Federal Reserve into putting off its plans to begin...
September jobs surprises with just 194,000 instead of expected 500,000
It’s why they play the games. On paper, there’s no way that the San Francisco Giants finish ahead of the Los Angeles Dodgers. But after actually playing all the games, the Giants did. On paper, there was no way that the U.S. economy added less than 200,000...
Tomorrow’s September jobs number is the BIG DEAL for this week
Economists surveyed by Bloomberg are expecting the economy to have added 500,000 jobs in September. Anything way above or way below the number will move expectations on when the Federal Reserve will begin to reduce its monthly purchases of Treasuries and...
Watch my new YouTube video: 3 Picks for the Christmas Crunch
I’m starting up my videos again–this time using YouTube as a platform. My fifty-fifth YouTube video “Trend of the Week: “3 Picks for the Christmas Crunch” went up today. Please watch and subscribe to my YouTube channel. And like my video....
Stocks reverse, modestly, on debt ceiling hopes
At 10 a.m. New York time this morning stocks looked they were headed to another dismal day. The Standard & Poor’s 500 had lost 1.35% at that point. And then Senate GOP leader Mitch McConnell said he would be willing to vote with Democrats to raise the...
Join me (virtually) at the MoneyShow (free) on line on Wednesday, October 6 at 10:50 a.m. ET
My topic: INCOME INVESTING IS FACING A CRISIS New strategies for generating income and for retirement investing-and why we need them! Watch my presentation live from 10:50 a.m. to 11:20 a.m. ET During MoneyShow’s next Virtual Expo, October 5-7, I’m joining Dr....Jim’s Daily Email Alerts:
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