THE PARTICIPANT by Jason Kelly Wednesday, August 26, 2015 ___________________________________ STOCK MARKET CALM I was pleased to discover in the recent stock-market rout that converts to “The 3% Signal” remained calm, with many expressing relief that they didn’t suffer the stress they had in past market turbulence. This is excellent news. One of the primary […]
Category Archives: The Participant
The Participant 8/20/15: Shipping & Oil
THE PARTICIPANT by Jason Kelly Thursday, August 20, 2015 ___________________________________ SHIPPING & OIL Consensus holds that the global economy is in trouble. For a front-line look, let’s turn to shipping companies. They move goods around the planet and are therefore directly affected by supply and demand. How have they fared recently? What are they saying? […]
The Participant 8/12/15: China’s Devaluation
THE PARTICIPANT by Jason Kelly Wednesday, August 12, 2015 ___________________________________ A CURRENCY SIGNAL FROM CHINA China’s currency devaluation is being presented as a critically important story, even more important than if and when the Federal Reserve will raise interest rates. Yet, the yuan was devalued by only 2%. Those most concerned about this say deflation […]
The Participant 8/5/15: Interest Rates
THE PARTICIPANT by Jason Kelly Wednesday, August 5, 2015 ___________________________________ FEAR NO RISING INTEREST RATES Bill Gross, now at Janus Capital in Denver, wrote in his July 30 Investment Outlook that the Federal Reserve and other central banks have historically “relied on a model which assumes that lower and lower yields will stimulate not only […]
The Participant 7/29/15: China
THE PARTICIPANT by Jason Kelly Wednesday, July 29, 2015 ___________________________________ CHINESE STOCKS STILL CRASHING The Shanghai Composite recorded its largest single-session crash since June 2007 on Monday, dropping 8.5% to 3726. A soft manufacturing report confirmed suspicions that the government’s recent attempts to reignite share prices were doomed to fail. Former US Treasury Secretary and […]
