Monthly Archives: June 2012

Romney’s Odds Ramp on Deteriorating Employment Data

Posted on June 1, 2012 by macromon

Check out the trading at Intrade right around the employment data released this morning.  The odds of Romney winning the November election ramped about 3 percentage points right after the jobs number was released. Rahm Emmanuel in an interview with … Continue reading →

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

Picture of the Day: Raining on the Risk On Parade

Posted on June 1, 2012 by macromon

This mural in Poland encapsulates the global markets today.  It’s raining pouring on the risk-on trade. The markets were hit by a hat-trick of three Macro Swans coming home to roost — fears of: 1) China hard landing;  2)  Eurozone … Continue reading →

Posted in Black Swan Watch, Picture of the Day | Tagged , , , , | 2 Comments

Spanish Capital Flight

Posted on June 1, 2012 by macromon

We’ve posted about this.  The FT has a piece on it. The big question is how and when will it be reversed? (click here if video is not observable)

Posted in Black Swan Watch, Euro | Leave a comment

Weekly Eurozone Watch

Posted on June 1, 2012 by macromon

Key Data Points German 10-year bund yield down 20 bps to record low of 1.1720 percent; Italy 27 bps wider; Spain 42 bps wider; Ireland 26 bps wider; Greece 52 bps wider; Large Eurozone banks down 1-1o percent on the … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , | 1 Comment

U.S. Employment Situation – May 2012

Posted on June 1, 2012 by macromon

Just as last month, the weak jobs report really crushed equities today. Note the destruction of construction jobs.  This is the one sector most sensitive to interest rates and should be leading the way in job creation with zero interest … Continue reading →

Posted in Employment, US Releases | Tagged , , | 3 Comments