AMJ Financial Blog

Tag Archive: Markets

Market Commentary – July 3, 2017

This is the way the quarter ends – with a central bank scare. Central bankers are stodgy. They speak carefully. For many, reading the words ‘Federal Reserve’ is enough to cause boredom to set in and web surfing to ensue. Last week, though, the European Central Bank and Bank of England cracked the ‘open secret’… Read More

Market Commentary – August 16, 2016

How do you measure stock market valuation? If you look at conventional measures – like price-to-earnings (P/E) ratios – then U.S. stock markets appear to be pricey. The Wall Street Journal reported trailing 12-month P/E ratios are high when compared to 10-year averages. High P/E ratios haven’t dampened investors’ interest in U.S. stocks, and share… Read More

Market Commentary – August 2, 2016

Here’s a brain tickler for you: In July 2016, there were four. In June 2016, there were 10. Since 2008, there have been 673! What are they? If you guessed central bank rate cuts, you are on the money. Financial Times reported: “In the eight years since the collapse of Lehman Brothers, the world’s top… Read More

Market Commentary – June 21, 2016

The world’s stock markets took it on the chin last week. A one-two punch was delivered with the Federal Open Market Committee (FOMC) meeting leading and concerns Britain will leave the European Union following. On Wednesday, the Federal Reserve confirmed what many had suspected. There would be no June rate hike. There was unexpected news,… Read More

Market Commentary – June 7, 2016

Statistics means never having to say your certain, and that was certainly true last week. The employment report, which was released on Friday, was a bit short on jobs. Analysts had predicted employers would add about 162,000 new jobs during May, according to CNBC. Instead, a paltry 38,000 jobs added to payrolls. The United States… Read More

Market Commentary – May 10, 2016

The Markets Reading economic portents can be tricky.  For example, do signs that economic growth is slowing – like last week’s employment report, which was anemic relative to consensus forecasts, and first quarter’s gross domestic product (GDP) growth – mean the economy is headed for trouble? Or, does it mean the economy is going to… Read More

Market Commentary – May 2, 2016

The Markets   “Which would you prefer to be: a medieval monarch or a modern office-worker?” If you immediately answered medieval monarch, take a moment to ponder life without “…modern dentistry, antibiotics, air travel, smartphones, and YouTube.” Last week, The Economist used this example to illustrate the challenges of accurately measuring living standards over time…. Read More

Market Commentary – April 25, 2016

U.S. stock markets finished last week in heady territory. The Dow Jones Industrial Average closed at 18,003. Its all-time closing high is 18,312. The Standard & Poor’s 500 Index was less than 1 percent below its intraday trading record, which was set last year. Despite strong stock market performance, optimism was in short supply. Barron’s… Read More

The Markets- April 18, 2016

Isn’t it remarkable that China’s growth is so consistent? A columnist from The Washington Post once opined that China “produces an astonishing number of astonishing numbers.” Last week’s GDP announcement, which helped push markets higher, may fall into that category. China’s official statistics agency reported the country’s gross domestic product (GDP) grew by 6.7 percent… Read More

The Markets- April 11, 2016

We all learned a thing or two about Panama last week. The country is not the home of the Panama hat, which is made in Ecuador. However, it is the only place in the world where you can watch the sun rise on the Pacific Ocean and set on the Atlantic Ocean. It’s also home… Read More