Monthly Archives: July 2012

Cue Up Gold

Posted on July 25, 2012 by macromon

After the Hilsenrath QE story, which broke in the last hour of yesterday’s equity session,  gold has started its move.  It’s up over $20 today  breaking out of a symmetric triangle formation. We believe is gold is driven primarily by … Continue reading →

Posted in Gold, Monetary Policy | Tagged , , | 1 Comment

Mo’ Stim’ Can’t Save Apple

Posted on July 24, 2012 by macromon

Jon Hilsenrath’s the Fed’s coming with more (mo) stimulus (stim)  WSJ story in the last 1o minutes of trading couldn’t save Apple from the wrath of Mr. Market in after hours trading.  The stock is getting spanked, down $33 plus … Continue reading →

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Spain bailout pressure mounts

Posted on July 24, 2012 by macromon

(click here if video is not observable)

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

Quote of the Day: Rotten to the Core?

Posted on July 24, 2012 by macromon

May brought the end of the “Merkozy” approach to the Euro crisis as the French voted out the austerity-loving Conservative and voted in Socialist President François Hollande. Under the new regime, France is now cozying up to its new anti-austerity, … Continue reading →

Posted in Quote of the Day | Tagged , , | 3 Comments

Eurozone Flash PMI At 46.5, Contracts 10 of Last 11 Months

Posted on July 24, 2012 by macromon

Markit reported this morning the Eurozone PMI Composite Output Index was unchanged at 46.4 in July as the private sector contracted for the tenth time in the past 11 months.    Chris Williamson, Chief Economist at Markit, commented, The flash … Continue reading →

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HSBC China Flash PMI At 49.5, 5-month High

Posted on July 23, 2012 by macromon

Markit reported the HSBC China Flash PMI increased to a 5-month from 48.2 in June to 49.5 in July.  Manufacturing is still contracting but the reading shows the Chinese economy may be bottoming.   Here’s  Hongbin Qu, Chief Economist, China … Continue reading →

Posted in China, PMIs, Uncategorized | Tagged , , | 2 Comments

World’s Ugliest Chart Contest

Posted on July 23, 2012 by macromon

Here’s a couple fugly charts from the major equity indices that we track.    The ugliest are China related such as its de facto suppliers — Japan, Korea, and Brazil. Let’s start with S&P500 —  a relatively good looking chart … Continue reading →

Posted in Ugly Chart Contest | Tagged , , , , , | 2 Comments

Week in Review

Posted on July 22, 2012 by macromon

(click here if charts are not observable)

Posted in Week in Review | Tagged , , , , , , , | 1 Comment

Parabolic Moves and Gold

Posted on July 22, 2012 by macromon

The Fed finds itself extremely unlucky once again as it talks up quantitative easing while food prices, mainly wheat and corn,  are making a parabolic and historic move as crops suffer from extreme drought.   You can’t prove causation with … Continue reading →

Posted in Black Swan Watch, Commodities, Gold, Inflation/Deflation | Tagged , , , , , | 1 Comment

Global Trend Indicators

Posted on July 22, 2012 by macromon

(click here if tables are not observable)

Posted in Global Trend Indicators | Tagged , , , , , , , | 2 Comments