Monthly Archives: May 2011

Seven Days in May?

Posted on May 5, 2011 by macromon

We noted last night only four other times in the past fifty years has the S&P500 opened May with three consecutive down days.   We find this type analysis great cocktail chat, at best interesting, but not very actionable.  Nevertheless, today’s … Continue reading →

Posted in Black Swan Watch, Charts, Equities | Tagged , , , | 1 Comment

Chart of the Day: Dr. Copper Falls Through the Ice

Posted on May 5, 2011 by macromon

Dr. Copper broke through its support at 4.10 and is below 4.00 for the first time since early December.   Lots of flakes in this chart as head and shoulder patterns are ubiquitous.   Copper is a very crowded trade and some … Continue reading →

Posted in Black Swan Watch, China, Commodities, Credit, Currency, Dollar, Monetary Policy | Tagged , , | 3 Comments

Quote of the Day: Siemens’ McSwan Watch

Posted on May 4, 2011 by macromon

Siemens AG (SIE), Europe’s largest engineering company, reported decent numbers this morning, including strong growth from the emerging markets.   But listen to CEO,  Peter Loescher,  on the conference call this morning.   He is vigilantly monitoring the many macro swans,  including … Continue reading →

Posted in Black Swan Watch, Budget Deficit, Geopolitical, Quote of the Day, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

Macro Notes from the Kellogg’s Conference Call

Posted on May 4, 2011 by macromon

We find it fascinating how companies are engaging the consumer.  Check out how Kellogg’s is doing it with digital media.   The following are direct quotes from company executives from today’s earnings conference call. Digital Media Advertising – “Engaging the Consumer” … Continue reading →

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First Three Days in May

Posted on May 4, 2011 by macromon

The equity market has made a little bit history in the first three days in May.  Only four other times in the last fifty years has the S&p500 opened May with three consecutive down days. Bespoke did some great work … Continue reading →

Posted in Bonds, China, Equities | Tagged , , , | 3 Comments

Charts of the Day: Asian Credit Bubble?

Posted on May 3, 2011 by macromon

Great chart from Deustche Bank of Asian home prices indexed to Jan’07.   It’s becoming increasingly clear, at least to us, that a big part of Asia is in massive credit/asset bubble and as monetary tightening plays out their day of … Continue reading →

Posted in Black Swan Watch, Bonds, China, Commodities, Credit, Crude Oil, Currency | Tagged , | Leave a comment

Fight of the Century: Keynes vs. Hayek Round Two

Posted on May 1, 2011 by macromon

Great rap video explaining the political economy for the Facebook generation.

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Week in Review

Posted on May 1, 2011 by macromon

We’re not going to say much as the nation (and Globex) celebrates the end of Bin Laden.  We were in Lafayette Park on September 10, 2001 and now watch thousands gather there and across the country to celebrate his demise.  … Continue reading →

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