Monthly Archives: May 2012

HSBC Korea Manufacturing PMI Falls to 51

Posted on May 31, 2012 by macromon

Markit reports, Growth of South Korean manufacturing output lost momentum in May, slipping to the weakest in the current four-month period of expansion. New order growth held up relatively well in comparison, with the latest increase only slightly weaker than … Continue reading →

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

Facebook’s About Face

Posted on May 31, 2012 by macromon

Check out the reversal in Facebook right at 2 PM and $27.00.    In the words of Paul “Yosemite Bear” Vasquez,  “what does this mean”? We don’t know but someone (Morgan Stanley?) had an axe to buy and spooked the shorts. … Continue reading →

Posted in Equities, Technical Analysis | Tagged , , | Leave a comment

Draghi: ‘EU must clarify euro vision’

Posted on May 31, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk, Video | Tagged , | Leave a comment

Euro warning from Deutsche Bank’s departing Ackermann

Posted on May 31, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment

U.S. Economic Data Releases – May 31

Posted on May 31, 2012 by macromon

Most of the economic data released today are moving the wrong way. (click here if charts are not observable)

Posted in US Releases | Tagged , , | Leave a comment

EU ready to ease Spain’s deficit pain

Posted on May 30, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , , | Leave a comment

The Safe Haven That Rocks

Posted on May 30, 2012 by macromon

Check out Apple’s relative performance today.  Impressive. Let’s see how it closes, but it has broken out to a recent high.   We  noted this stock may become the safe haven for captive equity investors.   Looks like the case, at least … Continue reading →

Posted in Apple | Tagged | Leave a comment

Nikkei Ugly

Posted on May 29, 2012 by macromon

Seems like yesterday that everyone wanted to emulate the Japanese. The Nikkei stock index is down 78 percent a little more than 22 years after its peak at the end of 989.   Imagine the U.S. equivalent –  the S&P500 at … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , | 1 Comment

China’s Fledging Wine Market

Posted on May 29, 2012 by macromon

Recall our post a few years back about the wine bubble developing in Hong Kong. Although most of the new demand has a mainland-China connection, there have been buyers from South Korea, Japan, Indonesia and Thailand, all of which still … Continue reading →

Posted in China | Tagged , | Leave a comment

U.S. Economic Data Releases – May 29

Posted on May 29, 2012 by macromon

(click here if charts are not observable)

Posted in Economics, US Releases | Tagged , , , | Leave a comment