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Federal Reserve raises interest rates as expected; talks of reducing balance sheet starting by end of 2017
No surprises on interest rates. A mild surprise on reducing the Federal Reserve’s balance sheet. As expected–the Fed Funds Futures market was giving odds of 99.6% that there would be a 25 basis point interest rate increase–the Federal Reserve raised...
Market slips into neutral ahead of Fed interest rate decision tomorrow
Unless you’ve been hiding under a rock, you know that the Federal Reserve is set to announce a decision on interest rates after tomorrow’s meeting of its Open Market Committee. Â And you also know that the Fed is widely expected to raise its benchmark...
Risk! Risk!! Risk!!! Did you miss my 3 recent posts on risk on JubakAm.com? Get the scoop by signing up for 30 days of free access to my paid JubakAM site. Hurry, though, there are only 5 days left to my 20th anniversary offer
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Tech stocks down again but not a replay of Friday rout
Set off, or certainly encouraged, by a downgrade of Apple (AAPL) to neutral from buy at Mizuho Securities, tech stocks continued Friday’s retreat. But the speed of the drop has been much more measured during the first half of the trading day in New York. The...
How dangerous was Friday’s tech sell off? And what should you do about it? Get the scoop by signing up for your 30-days of free access to my paid JubakAM site. Hurry, though, there are only 6 days left to my 20th anniversary offer
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Alibaba blows the top out on growth forecast; raising my target price
Yesterday, June 8, Alibaba (BABA) forecast that revenue would climb by 49% for fiscal 2018. That’s a solid 10 percentage points above the recent projection from Wall Street analysts. The New York traded ADRs climbed almost 10% on the news yesterday....
European Central Bank moves a bit closer to ending its low interest rate policy–at least in its rhetoric
At today’s meeting The European Central Bank dropped language saying that interest rates might fall further from its post-meeting statement. Â In April the bank had said that interest rates would remain at “present or lower levels for an extended period of...
Oil plunges on U.S. inventory surprise and pumping-happy Iraq
West Texas Intermediate sank today by 5.04% to $45.76 a barrel. International benchmark Brent crude dropped 3.95% to $48.14%. The fall began with a surprise increase in U.S oil inventories reported by the U.S. Energy Information Administration. Oil stockpiles rose by...
See why I think this Finland ETF is the best way to get exposure to Europe’s faster growth and the euro by signing up for your 30-days of free access to my paid JubakAM site. Hurry, though, there are only 9 days left to my 20th anniversary offer
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Anticipation of Super Thursday shifts market into neutral
On Wall Street they’re calling it Super Thursday and it has frozen financial markets in their tracks. On Thursday, June 8, the United Kingdom holds an election that has become surprisingly close. Prime Minister Theresa May looked set to cruise to a victory that...
What’s ahead for Apple? See what Apple told us today about the iPhone 8 by signing up for your 30-days of free access to my paid JubakAM site. Hurry, though, there’s only 10 days left to my 20th anniversary offer
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June 14 interest rate increase would be non-event
The consensus is that the Federal Reserve will raise rates by 25 basis points on June 14. And it’s a strong consensus, to put it mildly with the CME Fed Watch tool calculating that the Fed Funds Futures market is pricing in a 95.8% chance of an interest rate...
Bank stocks are risky in themselves and to the market as a whole. Find out why signing by up for your 30-days of free access to my paid JubakAM site. Hurry, though, there’s only 15 days left to his 20th anniversary offer
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Initial claims report good enough for June interest rate increase
Nothing in the weekly report on initial claims for unemployment to set the heart a twitter. But the numbers look good enough to keep the Federal Reserve on track for a 25 basis point interest rate increase at its June 14 meeting. Initial claims for the week ended May...
A Fed interest rate increase in June? Consumer spending says, Yes; Inflation slowdown says, Maybe
Consumer spending picked up in April, signaling that growth in the economy as a whole is headed for a rebound after a weak first quarter. Purchases increased by 0.4% in April, matching projections from economists surveyed by Bloomberg, after a 0.3% gain in March, the...
U.S. markets are closed Monday; Jubak Picks is taking the weekend off
Absent some kind of vitally important breaking news, I’ll next post on Tuesday. I wish all a safe Memorial Day weekend.
Oil markets disappointed as OPEC does the expected
OPEC and allied non-OPEC producers have agreed to extend oil production cuts at current levels for nine more months through March 2018. Oil markets, which had been expecting exactly this result for days now, fell on disappointment that OPEC didn’t go further and...
Initial claims for unemployment come in below forecast; leave Fed on track for June 14 interest rate increase
Initial claims for unemployment climbed by 1,000 go 234,000 in the week ended May 20, the Labor Department announced today. The 234,000 total was below the 238,000 forecast from economists surveyed by Bloomberg. The foiur-week moving average of new claims, fell to...
Are China and Brazil about to tank emerging markets? Celebrate 20 years of Jubak Picks and sign up for your 30-days of free access to read today’s take on rising risk
What are you waiting for? If you haven’t signed up for my free offer of 30-day of access to my JubakAM.com site, why not? You don’t want to read about how political turmoil in Brazil and the downgrade of China’s debt are increasing the risk in...
Fed minutes from May point to June interest rate increase
The minutes from the Federal Reserve’s May 3 meeting, released today, point to another interest rate increase, the second for 2017, at the central bank’s June 14 meeting. According to the minutes, “most participants judged that if economic...
2 new volatility stock picks on my paid JubakAM.com site: Celebrate 20 years of Jubak Picks and sign up for your 30-days of free access to read all about them
What are you waiting for? If you haven’t signed up for my free offer of 30-day of access to my JubakAM.com site, why not? You don’t want to read about new stock picks for my Volatility Portfolio? Ordinarily I’d write a teaser here to let you know...
April new home sales disappoint
New home sales in April were at a seasonally adjusted annual rate of 569,000. That was well below the consensus among economists surveyed by Briefing.com for annualized sales of 605,000. The April annualized rate was down 11.4% from March. The housing market...
Can you make money on robots? Celebrate 20 years of Jubak Picks and use your 30-days of free access to my $199 paid JubakAM.com site to read my take on what stocks to buy in the sector
Robots! The global scourge. Enemy of paychecks everywhere. (And as the Alien movies show, you just can’t trust them. (And yes, I know that those are technically androids.)) But can we make money in the sector? Tonight as part of my regular Monday series...
Amidst the circus don’t forget Fed minutes on Wednesday and revised GDP on Friday
I’ll grant you that it’s hard, very hard, right now to pay attention to economic fundamentals. There’s the upcoming OPEC decision on oil production cuts, President Trump’s first overseas tour, the continuing circus in Washington and more. But...
When to profit from Brazil? What to do about OPEC next week? Use my free 30-day offer on my $199 JubakAM.com site (celebrating 20 years of Jubak Picks) to follow these profit opportunities this weekend
JubakAm.com doesn’t go quiet on most weekends. And this weekend is no exception. I’ll have posts on Saturday and Sunday about how to profit (and when to buy) from the turmoil in Brazil and how to position your oil holdings and portfolio ahead of next...
Deere beats on earnings, raises guidance, soars 7.3% on the day
Before the market open today, Deere (DE) reported fiscal second quarter earning of $2.14 a share. (That excludes the gain from the sale of SiteOne Landscape Supply for $111 million.) Those earnings were 45 cent a share better than the Wall Street consensus of $1.69 a...
Buy on the dip reflex intact today
Last night I posted that today would be critical for this market’s buy on the dip reflex. Yesterday’s move up after the Wednesday rout wasn’t convincing, I noted, and a retreat today would have raise doubts that the long-standing buy on the dip...
Is buy on the dip intact? Celebrate 20 years of Jubak Picks and use your 30-days of free access to my $199 paid JubakAM.com site to read my take on tomorrow’s market volatility
So did today’s slight rally put an end to the dangers of a correction? Is buy on the dip still in force? Usually I’d be teasing my post on my paid JubakAM.site here and telling you to subscribe if you want to read all of what I think tomorrow will bring...Jim’s Daily Email Alerts:
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