Monthly Archives: January 2013

Daily Interest Rate Monitor

Posted on January 7, 2013 by macromon

(click here if table is not observable)

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Excess Reserves Declining

Posted on January 7, 2013 by macromon

Keep this one on your radar.   Excess reserves of depository institutions are beginning to decline,  down $183 billion, or 11.3 percent,  from their peak in November 2011 This is where much of the Fed’s money printing or balance sheet … Continue reading →

Posted in Monetary Policy | Tagged , , , | 12 Comments

Equities Overbought, Yen Massively Oversold

Posted on January 6, 2013 by macromon

The Nikkei’s 14-day Relative Strength Index (RSI) exceeds 80 and we can’t recall ever seeing anything as short-term oversold — in a hard currency market — as the yen/dollar with its RSI of 10.   The Russell 2000 is the … Continue reading →

Posted in Relative Strength Index, RSIs | Tagged , , , | 3 Comments

Global Trend Indicators

Posted on January 6, 2013 by macromon

(click here if tables are not observable)

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Week in Review: Markets Scream Overbought

Posted on January 6, 2013 by macromon

We’ve added Spain’s IBEX, Italy’s MIB, the Russia Market Vectors ETF, the Australian dollar to the list of equity indices and currencies we monitor.   In addition, we have switched to the CRB Continuous Commodity Index, which is less energy heavy … Continue reading →

Posted in Uncategorized, Week in Review | Tagged , , , , , , | 2 Comments

The Economist Gets It…

Posted on January 5, 2013 by macromon

That is, why governments need asset bubbles as the average real wage falls.   See our post, America’s Bubble Dependent Economy. This also goes a long way in explaining the reelection of President Obama even with stubbornly high unemployment and a weak … Continue reading →

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VIX Has Largest Weekly Down Move Since Inception

Posted on January 5, 2013 by macromon

The CBOE has a nice piece out noting this week’s 39.1 percent collapse in the VIX was the largest weekly percent down move since the index was launched in January 1990.  The week also saw record volume days for the … Continue reading →

Posted in Global Stock Performance, Monetary Policy, Sovereign Debt | Tagged , , , | 4 Comments

Weekend Lecture: Antifragility

Posted on January 4, 2013 by macromon

Short, sweet, and social for the millennials this weekend. Essayist Nassim Nicholas Taleb on how we can benefit from disorder.    –  AlJazeeraEnglish (click here if video is not observable)

Posted in Lectures | Tagged , | 5 Comments

U.S. Equity Sector ETF Performance – January 4

Posted on January 4, 2013 by macromon

(click here if charts and table are not observable)

Posted in Sector ETF Peformance | Tagged , , , , , , , | 2 Comments

Weekly Eurozone Watch: Spread Compression Continues

Posted on January 4, 2013 by macromon

Key Data Points German 10-year Bund 23 bps higher; France 8 bps tighter to the Bund; Ireland 35 bps tighter; Italy 46 bps tighter; Spain 43 bps tighter; Portugal 91 bps tighter; Greece 88 bps wider; Large Eurozone banks rise … Continue reading →

Posted in Weekly Eurozone Watch | Tagged , , , , , | 2 Comments