Newsclips
Talking Markets and Breakouts
November 4, 2019
Last week Jim was on Trading Futures with Anthony Crudele and Ira Harris, among many others, talking about markets and the Fed.
Last week Jim was on Trading Futures with Anthony Crudele and Ira Harris, among many others, talking about markets and the Fed.
Q3 2019 earnings season is over 70% complete and it's looking like it will be a negative growth quarter. Q4 is also close to forecasting negative growth, setting up the potential for an earnings recession.
Today's topics include JPMorgan navigates capital regulations, an employment-based recession indicator, interpreting the yield curve's message, more on the dollar's global importance, election year returns, consumer spending vs. business investment, the global trade contraction and BBB-rated debt.
GDP rose by 1.9% in the third quarter, beating estimates. However, business investment acted as a drag for the second straight quarter.
2019 has proven to be the year in which all major assets have provided positive total returns.
Canada now has the highest policy rate in the developed world.
Wyoming recently topped Illinois with the highest muni yield in the country.
The Fed has spent $273 billion trying to calm the repo market.
Firms with fewer than 20 employees have been a major driver of job growth since the last recession. They have shed jobs in 5 of the past 6 months.
Stocks and bonds both enter a favorable seasonal period.
Today's topics include the politics of the repo market, the latest on the trade war, the yield curve, the effect of Trump's tweets on fed funds, European banks, Chinese stagflation, public vs. private equity, Lagarde takes over the ECB and U.S. vs. world stocks.