Monthly Archives: December 2011

ECB Prepares to Cut Rates

Posted on December 6, 2011 by macromon

(click here if video is not observable)

Posted in Currency, Euro, Monetary Policy | Tagged , | 2 Comments

Bears Refuse to Cede the 200-day SMA

Posted on December 6, 2011 by macromon

Once again, the 200-day moving average proved to be formidable resistance for the S&P500.  After trading though the 1264-65 level on the now expected daily afternoon market moving FT article the index couldn’t hold its water and sold off into … Continue reading →

Posted in Commodities, Equities | Tagged , | 1 Comment

The European Troika to Watch

Posted on December 6, 2011 by macromon

The “troika” – Italian, Spanish, and French bond yields –  is acting pretty well even after the S&P downgrade.  Italy is under 6 percent and that is what matters.   We sense there will be tremendous pressure on the shorts and … Continue reading →

Posted in Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 2 Comments

House Prices Plunge in Chinese Ghost City

Posted on December 5, 2011 by macromon

Could this be part of the reason the Shanghai was the only major index we track that was down last week? (click here if video is not observable)

Posted in Black Swan Watch, China | Tagged , , | 2 Comments

S&P500 Finding Resistance @ 200-day

Posted on December 5, 2011 by macromon

Looked like today could be the day the S&P500 broke through and closed above its 200-day.  That is, before the tape bomb out of the S&P putting most of the ‘Zone countries on negative watch for a credit downgrade.  Let’s … Continue reading →

Posted in Equities, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

Week in Review: The Flip After the Flop

Posted on December 4, 2011 by macromon

(click here if charts are not observable)

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

Italy’s Unions Not Buying the Full Monti

Posted on December 4, 2011 by macromon

While the FT reports Italy’s new technocratic government has approved tough austerity measures and economic reforms, the country’s unions seem to be balking at the tough medicine.  Italy needs lots of deflation relative to other countries to become competitive and … Continue reading →

Posted in Black Swan Watch, Euro, PIIGS, Politics | Tagged , , | 1 Comment

Global Trend Indicators

Posted on December 4, 2011 by macromon

(click here if tables are not observable)

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

It’s Beginning to Look A Lot Like…1971 [updated]

Posted on December 4, 2011 by macromon

The Global Macro Monitor posted several pieces earlier in the year about the Presidential Stock Cycle.  See here, here, and here.   The third year of a first term President is the strongest year in the cycle.  The table illustrates … Continue reading →

Posted in Equities, Gold, Politics | Tagged , , , , , , | 1 Comment

The Four Horsemen of the Europocalypse

Posted on December 2, 2011 by macromon

Great ‘toon from the  Economist which we hope motivates the Eurocrats to get something done.   The U.S., U.K, and Japan should not be so smug and take warning as the Four Horsemen of the debt apocalypse will be coming their … Continue reading →

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