Monthly Archives: May 2011

Components of the Official U.S. Inflation Rate

Posted on May 18, 2011 by macromon

(click here if charts are not observable)

Posted in Economics, Inflation/Deflation | Tagged , , | Leave a comment

The Line on the Next IMF Boss

Posted on May 18, 2011 by macromon

O Armenio, where art thou?   Always thought the IMF has an extreme distaste for hedge funds.   Our bet another WYB (Western Yurp Bureaucrat)  ‘cuz that’s what the IMF is full of. (click here if chart is not available)

Posted in Charts, Economics, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

Quote(s) of the Day: Living in (Sur)reality

Posted on May 18, 2011 by macromon

“Greece is solvent” — Juergen Stark,  ECB Chief Economist ¡Defenderé el peso como un perro! – “I will defend the peso like a dog!” – José López Portillo,  President of Mexico 1976-82 Liquid?  Yes.  Solvent?  No, unless Greece is willing … Continue reading →

Posted in Black Swan Watch, Euro, Quote of the Day, Quotes, Sovereign Debt, Sovereign Risk | Tagged , , , | 3 Comments

S&P500 Tests 50-day Moving Average (and Passes)

Posted on May 17, 2011 by macromon

The S&P500 and Nasdaq tested, traded through, and closed above their 50-day moving averages aided by a huge reversal in Apple, the rest of tech, and an impressive late day broad market rally.   Another positive was the behavior of the … Continue reading →

Posted in Equities | Tagged , , | 5 Comments

Chart of the Day: Europe’s Runaway Sovereign Debt

Posted on May 17, 2011 by macromon

Great chart from the Der Spiegel website:

Posted in Black Swan Watch, Euro, Sovereign Debt, Sovereign Risk | Tagged , , , | 3 Comments

Two Red Flags: Russell and the Hang Seng

Posted on May 16, 2011 by macromon

We note that the Russell 2000 broke its 50-day moving average today and the Hang Seng pierced its 200-day last night.  We also just posted the S&P 500 looks ready to test its 50-day.    These two indices are key indicators … Continue reading →

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S&P 500: Three Key Support Levels

Posted on May 16, 2011 by macromon

Looks like a test of the 5o-day for the S&P500 is a no brainer (we get nervous over this term) as we broke the weekly lows of May 6th.   If the 50-day doesn’t hold,  traders will likely close the April … Continue reading →

Posted in Equities | Tagged , , | 8 Comments

China’s Ghost Cities

Posted on May 16, 2011 by macromon

The following video is the first of the great series on China’s ghost cities that Bloomberg is running this week.  Getting China right is key to your P&L and the direction of many markets, including emerging equities and commodities.   We’re … Continue reading →

Posted in Black Swan Watch, Charts, Commodities, Equities | Tagged , , | Leave a comment

Week in Review: DSK Risk

Posted on May 16, 2011 by macromon

The key question for markets this week is how will they react to the Dominique Strauss-Kahn (DSK)  news?  Will the Dollar continue to strengthen keeping the “risk off” (we hate that simplicity) trade on?  Are traders of the European periphery … Continue reading →

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The Weekend Read: McSwan Watch

Posted on May 13, 2011 by macromon

Chinese speculators have emerged as a big driver of silver’s spectacular rally and subsequent crash with trading in the metal in Shanghai soaring nearly 30-fold since the start of the year. The commodity, nicknamed “the devil’s metal” for its wild … Continue reading →

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