This is as good as it gets, says Goldman Sachs: Why that’s important to you in thinking about the next leg in this stock market
On Thursday February 22, Goldman Sachs wrote in a note to clients that the economic macro data as likely to be “as good as it gets.” This isn’t, in my opinion, a call for an immediate plunge in the markets. But with U.S. stocks trading near all time...
Adding Boeing to Jubak Picks on weak dollar, strong global economy, tax cuts
Shares of Boeing (BA) have tumbled from $351.01 on January 17 to close at $334.69 today. I’m using the pull back to add shares to my Jubak Picks portfolio tomorrow, January 25. The Boeing story right now is one of multiple tailwinds pushing the stock higher. A...
For shares of Bank of America and Goldman Sachs it’s all about the future
Certainly no one cheered when Bank of America (BAC) and Goldman Sachs (GS) announced big one-time hits from the recently passed tax bill, but as with JP Morgan Chase (JPM) and Wells Fargo (WFC) last week, the big deal for investors was what these huge financial...
What will the tax cut bill do to house prices in 2018 and beyond? That’s a big deal for your portfolio
Back on January 10 when I wrote the post “Are we witnessing a market melt up? on my two subscriptions sites JubakAM.com and JuggingWithKnives.com I noted that I didn’t feel that I could move on to rebalancing individual portfolios until I’ve dealt...
The Federal Reserve raises interest rates as expected–but the dot plot has a surprise or two
No surprise: The Federal Reserve raised its short-term benchmark Fed Funds rate by 25 basis points to a range of 1.25% to 1.50% at today’s meeting of the Open Market Committee. No surprise: The Fed and its outgoing chair Janet Yellen didn’t say anything...
Was today the end of the market wobble?
Today the Standard & Poor’s 500 stock index added 0.8%, the Nasdaq Composite climbed to a new all time high, and the Russell 2000 small cap index rose 1.6%. The action put an end to what I’d call a “market wobble” that had seen the...
U.S. stocks “jittery” today on tax cut uncertainty
Jittery. That’s how I’d characterize action on U.S. stock markets today. As of just before 4 p.m., the Standard & Poor’s 500 stock index was off 0.32%. The NASDAQ Composite was lower by 0.56%. And the small cap Russell 2000 was down 0.46%. These...
Progress on budget (and tax cuts) in Washington moves bonds, stocks
Yesterday the Senate approved a budget plan that would allow Republicans to pass a tax cut plan without any votes from Democrats (thus preventing a Democratic filibuster.) The budget plan leaves room for a $1.5 trillion tax cut. The markets have been waiting for some...
Winners from Trump tax cuts in an unexpected (perhaps) stock market sector
President Donald Trump has proposed cutting the top line corporate tax rate to 20%. What stocks might get a boost from any anticipation of that proposal becoming law? First, recognize that until very recently the stock market wasn’t doing a very good job at...
Good luck on getting that done: Debt ceiling truce looks to be over (if it ever really existed)
Back on August 2–you know, a week ago–it looked like, maybe, raising the debt ceiling wouldn’t be impossible after all. Sure time was short, very short. There were only 12 working days when both houses of Congress were in session before Treasury...
Hope on repealing and replacing Obamacare–and moving quickly on to tax cuts–returns to Wall Street
U.S. stocks rallied today on “news” that Republicans had reached a deal to repeal and replace Obamacare. The Standard & Poor’s 500 stock index closed up 0.76% to 2355.92. I put “news” in quotes because the full story out of Washington...
Wall Street is just fine with Trump’s lack of detail, but…
Wall Street heard what it wanted to hear from President Donald Trump in his address to a joint session of Congress last night. Or to be more precise it didn’t hear anything it didn’t want to hear. Trump waved in the direction of cutting regulations,...
Trumphoria has been driving this rally–how long will that last in the financial markets?
Stock markets typically go gaga over a new president. The election is over and the voters who picked the winner bask in the hope that the candidate will actually keep those campaign promises that earned their votes. This year the market is more gaga than usual. The...Jim’s Daily Email Alerts:
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