Monthly Archives: June 2011

Week in Review: Streak Week

Posted on June 12, 2011 by macromon

It was another tough week for the global markets. The S&P, Dow, and the major European equity indices closed lower for a rare sixth week in a row.   Next week could be historic as the S&P500 has initially closed lower … Continue reading →

Posted in Week in Review | Tagged , , , , , , , | 2 Comments

Global Trend Indicators

Posted on June 11, 2011 by macromon

(click here if tables are not observable)

Posted in Global Stock Performance, Global Trend Indicators | Tagged , , , , , , , | Leave a comment

Moving Day?

Posted on June 11, 2011 by macromon

We want to clarify and answer some of the questions that have come in about the phrase “Moving Day for the Administration” in our prior post.   We surely did not mean the administration will or should be moving from the … Continue reading →

Posted in Economics, Fiscal Policy, Politics | Tagged , , | Leave a comment

The Weekend Read: It’s Moving Day for the Administration

Posted on June 10, 2011 by macromon

No President since Franklin Roosevelt has won re-election with unemployment higher than 7.2%, and Obama’s own economists in February predicted 8.6% unemployment in 2012. That number may yet be revised upward in light of recent economic headwinds, including the Japanese … Continue reading →

Posted in The Weekend Read | Tagged , , | 2 Comments

Hang Seng Falls 7th Straight Day

Posted on June 10, 2011 by macromon

We take notice when the Hang Seng speaks as it is one of our indicator species for global risk appetite.  The index closed down for the seventh consecutive day, which has initially happened only 14 times since 1987, and is … Continue reading →

Posted in Black Swan Watch, Equities, Global Stock Performance | Tagged , | 2 Comments

The Great QE2 Flush Out

Posted on June 10, 2011 by macromon

We’ve updated our Treasury flow charts with new data from today’s release of the Federal Reserve’s Flow of Funds Accounts.   The quarterly data are seasonally adjusted and annualized.    They reveal quite an interesting picture. In Q1 2011, the Fed’s … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Dollar, Equities, Monetary Policy, Sovereign Debt | Tagged , , , , | 4 Comments

Chart of the Day: Ownership of U.S. Treasury Debt

Posted on June 9, 2011 by macromon

This is hot from the latest Federal Reserve Flow of Funds data.   Foreigners own 47.1 percent of the $9.4 TN of marketable Treasuries outstanding at the end of Q1 2o11 with the Fed a distant second at 14.2 percent.   We’ll … Continue reading →

Posted in Fiscal Policy, Sovereign Debt, State and Local Government | Tagged , , , | Leave a comment

S&P500 Down First Six Days of June – Party Like It’s 1991?

Posted on June 9, 2011 by macromon

The S&P500 closed 0.42 percent lower today, the sixth consecutive down day to start the month of June.   Only once in the past 60 years has the S&P started June with six straight  lower closes.   After an 18.24 percent early … Continue reading →

Posted in Charts, Economics, Equities, Politics | Tagged , , , | 3 Comments

DSK’s First Night In Prison – Saturday Night Live!

Posted on June 7, 2011 by macromon

In cause you missed this,  here is Saturday Night Live’s skit of Dominique Strauss-Kahn’s first night at Rikers Island.  Who writes this stuff?    Pretty impressive grasp of the European Debt Crisis. (click here if video is not observable)

Posted in General Interest, Video | Tagged , | 1 Comment

U.S. Nonfarm Employment – M/M Change in Selected Industries

Posted on June 7, 2011 by macromon

(click here if chart is not observable)

Posted in Economics, Employment | Tagged , , | Leave a comment