Monthly Archives: May 2011

The Most Profitable Trading Hours

Posted on May 12, 2011 by macromon

Bespoke just out with a great piece breaking down S&P500 returns by the hour.  Most of positive returns are generated in the first half hour and last two hours of the trading day.  The S&P is up 7.14 percent of … Continue reading →

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Components of the Gasoline Price

Posted on May 12, 2011 by macromon

Here are some great gasoline charts.   Some are updates of earlier posts and some new. RBOB is down about 10 percent in the past week and were not filling our tanks as we wait for it to show up at … Continue reading →

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Euro Swan Dives; Eichengreen Nails It

Posted on May 11, 2011 by macromon

The Euro is down big again on debt fears/confusion/politics.   Europe needs a plan and we point to Barry Eichengreen’s (our bet for next year’ Nobel Prize)  article posted on Project Syndicate this morning. There is a fear in Europe and … Continue reading →

Posted in Black Swan Watch, Bonds, Euro, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment

Cartoon of the Day: Error Euro

Posted on May 10, 2011 by macromon
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Will Apple Win the Pennant?

Posted on May 10, 2011 by macromon

After trading sloppy all day Apple caught a nice bid into today’s close.  The stock is forming a classic pennant pattern and a close above 353.01 would be a bullish signal the stock is ready to break to new highs. … Continue reading →

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Chart of the Day: U.S. Employment by Industry

Posted on May 9, 2011 by macromon

Great chart from the BLS showing the increase in private nonfarm employment by industry:

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Quote of the Day: Loose Money Sinks Ships (of State)

Posted on May 9, 2011 by macromon

The evidence of the past three decades should be enough, but you can go back further. In fact, every major financial crisis in the four centuries of capitalism has had its origins in loose money.   – The Sydney Morning … Continue reading →

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Week in Review

Posted on May 8, 2011 by macromon

We wrote a few weeks ago about the global markets weekly oscillations.  Not just markets, but fundamental outlooks on inflation and deflation.  When markets are driven and highly dependent on liquidity and the direction of monetary policy, the underlying fundamentals … Continue reading →

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The Weekend Read: Commodity Flop

Posted on May 6, 2011 by macromon

On How Academic Economists Missed the Crisis I was shocked by how large a panic was produced by what seemed to me – and still does – relatively small losses (in terms of the size of the global economy) in … Continue reading →

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Did Trichet Hear the PIGs Squealing?

Posted on May 5, 2011 by macromon

Wow, what a swan dive!  The Euro fell a rare five handles and 3 percent against the dollar in just twenty-four hours as ECB President,  Jean-Claude Trichet, seemed to back away from his previous hawkish rhetoric at the Bank’s press … Continue reading →

Posted in Black Swan Watch, Bonds, Charts, Commodities, Crude Oil, Currency, Sovereign Debt, Sovereign Risk | Tagged , , , , , , , | 2 Comments