Monthly Archives: May 2012

U.S. Employment Situation – April 2012

Posted on May 4, 2012 by macromon

The weak jobs report has crushed equities this morning. Here’s the BLS take, Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment … Continue reading →

Posted in Economics, Employment | Tagged , , , | 1 Comment

Milken Institute: Niall Ferguson and Raghuram Rajan

Posted on May 3, 2012 by macromon

More good stuff from the Milken Institute Global Conference.  A panel discussion on the future of the global economy, which  includes one of our favorite economists and our favorite historian. The Future of Capitalism Monday, April 30, 2012 11:00 AM … Continue reading →

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Longs Send Out Mayday As ISM NMI Disappoints

Posted on May 3, 2012 by macromon

Noisy markets.  Noisy data. Buckle up for tomorrow’s big one. Today’s action was just the opposite of our May Day post when shorts got their manhood caught in a bear trap.   Though we believe markets are a little too … Continue reading →

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Issues in the French presidential run-off

Posted on May 3, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, Euro, Politics | Tagged , , , , | Leave a comment

Milken Institute: Is It Time to Invest in Europe?

Posted on May 2, 2012 by macromon

This is a must view panel discussion, folks. Panel Detail: Is It Time to Invest in Europe? Tuesday, May 1, 2012 11:00 AM – 12:15 PM Speakers: Wolfgang Alkier, Co-Founder and Managing Director, Absolute Return Consulting GmbH Francesca Carega, Co-Head, … Continue reading →

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

Bonjour Two Tier Euro?

Posted on May 2, 2012 by macromon

We’ve always held the end game in Europe will be the stronger northern countries eventually pulling out of the Euro.   The path to the end game we do not know. Sunday’s election in France, may, or may not, be the … Continue reading →

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

Crude Breaks Out of Bullish Flag

Posted on May 1, 2012 by macromon

Check out the good work from our friends over at Trend-Wise.com.  They have some excellent technical analysis of the price action in crude. (click here if chart is not observable)

Posted in Crude Oil, Technical Analysis | Tagged , , | 3 Comments

Apple Gives Up Gains To Close Lower

Posted on May 1, 2012 by macromon

Apple traded up almost $14 only close lower on the day.  The stock led the S&P500 and other major indices off their highs of the day to cut their intraday gains in half.  The Russell gave up almost a 2 … Continue reading →

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Shorts Send Out Mayday As ISM Surprises

Posted on May 1, 2012 by macromon

Wow! Check out the market reaction to the ISM this morning.  Many were caught off guard and even shorting just minutes before the number expecting a weaker print on the back of the weaker regional PMIs.   We were surprised, but, … Continue reading →

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