Monthly Archives: May 2012

U.S. Consumer Sentiment Highest In Years

Posted on May 25, 2012 by macromon

From Econoday, The sell-off in the stock market and rising problems in Europe aren’t rattling the US consumer whose sentiment is clearly stronger than it’s ever been during the recovery. The Reuters/University of Michigan index jumped to 79.3, up nearly … Continue reading →

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About that other 800 pound Macro Swan in the room…

Posted on May 24, 2012 by macromon

Good stuff from the Economist’s cover story and 14-page special report on China’s economy.  Run, don’t walk, to read it.  Here’s a taste, CHINA’S weight in the global economy means that it commands the world’s attention. When its industrial production, … Continue reading →

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

Today’s U.S. Economic Data

Posted on May 24, 2012 by macromon

(click here if charts are not observable)

Posted in Economics, US Releases | Tagged , , , | 1 Comment

Flash Eurozone Manufacturing PMI at 45.0, 35-month low

Posted on May 24, 2012 by macromon

Source:  Markit (click here if charts are not observable)

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China Flash PMI Deteriorates to 48.7, At Two-Month Low

Posted on May 23, 2012 by macromon

Markit reports, Commenting on the Flash China Manufacturing PMI survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: “Manufacturing activities softened again in May, reflecting the deteriorating export situation. This calls for more aggressive … Continue reading →

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Apple: THE Stock to Watch

Posted on May 23, 2012 by macromon

Apple was strong most of the day even as the Dow was down almost 200 points.   It really took off around noon and led the overall market higher. We noted yesterday that Apple is becoming a “safe haven” equity play … Continue reading →

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Grexit Would Be Fugly

Posted on May 23, 2012 by macromon

(click here if video is not observable)

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Commodities in the Kamode

Posted on May 23, 2012 by macromon

Commodities are breaking hard.  Who knows where they bounce, but it does feel a bit overdone here.  Note the chart illustrates when the CRB is this oversold — an RSI reading of around 20 — it sets up for a … Continue reading →

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OECD: Eurozone Biggest Tail Risk

Posted on May 22, 2012 by macromon

(click here if video is not observable)

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Apple, housing, and this merde market

Posted on May 22, 2012 by macromon

Merde markets! We had a plan to unload our longs (mostly Apple) in the pre-market or at the open.  We were expecting some follow through from yesterday’s ramp but didn’t think it would hold.  We were lucky enough to get … Continue reading →

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