Monthly Archives: June 2011

Jimmy (the Trader) Crack(s) Corn and Says Adios to QE2

Posted on June 30, 2011 by macromon

Wow!  December Corn futures finally opens with a 13.4 percent loss from Wednesday’s high to the opening low.  Wheat has also been hammered. The WSJ reports, As recently as June 9, USDA officials had guessed that excessive rain and widespread … Continue reading →

Posted in Commodities, Food Prices | Tagged , | Leave a comment

It’s beginning to look a lot like? Choose your analog…

Posted on June 30, 2011 by macromon

It’s the end of the first half and we’ve updated our Presidential Stock Cycle, Decennial, and 1991 analog charts.   Click here, here,  and here for background.  Note,  the predicted performance of the Presidential and Decennial analogs are constructed from the … Continue reading →

Posted in Equities, Housing, Policy, Politics | Tagged , , | 1 Comment

Sarkozy Attack Video

Posted on June 30, 2011 by macromon

(click here if video is not observable)

Posted in Euro, Politics, Video | Tagged , , | 1 Comment

Why Europe Can’t Afford a Greek Haircut

Posted on June 29, 2011 by macromon

If a picture is worth a thousand words, the following chart from the IMF encapsulates all the analysis one needs to understand why Mr. Trichet and the rest of the Eurozone bureaucracy are so adamant about not letting Greece restructure … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | 4 Comments

Markets Catch Traders Offside

Posted on June 28, 2011 by macromon

Looks like traders, including yours truly, were caught catawampus in a pair of Nike shorts (ouch!),  either not long enough or short, both equities and the Euro, coming into the week, even as some of the short-term signals were turning … Continue reading →

Posted in Apple, Equities, Euro | Tagged , | 2 Comments

Chart of the Day: Greek Parliament

Posted on June 27, 2011 by macromon

(click here if chart is not observable)

Posted in Chart of the Day, PIIGS, Sovereign Debt, Sovereign Risk | Tagged | 1 Comment

Week in Review: Euro Contagion and Greek Rollovers

Posted on June 26, 2011 by macromon

Short and sweet commentary tonight as last week really didn’t resolve much.  The S&P500 met tough resistance and was rejected twice at the 1298-99 level.  Though the index made a higher low and higher high, it closed Friday just a … Continue reading →

Posted in Week in Review | Tagged , , , , , , | 3 Comments

Have Policymakers Discovered the “Splendid Arbitrage”?

Posted on June 26, 2011 by macromon

How ’bout a little summer Sunday humor (albeit a little nerdy) before getting back to the daily grind.   Last week saw a global coordinated response to shaft specs in crude oil as many, including us, think the rise in … Continue reading →

Posted in Commodities, Crude Oil, General Interest, Uncategorized | Tagged , , | 1 Comment

Global Trend Indicators

Posted on June 26, 2011 by macromon

(click here if tables are not observable)

Posted in Global Trend Indicators | Tagged , , , | 2 Comments

Support of the Masses

Posted on June 24, 2011 by macromon

Just a quick little chart for the weekend to show how the major indices are at or near key support levels.   Here we have the CRB Index breaking short-term support yesterday and just barely closing through its 200-day moving average.   … Continue reading →

Posted in Charts, Commodities, Equities | Tagged , , | Leave a comment