Monthly Archives: June 2017

The Bonds With A Draghi Tattoo

Posted on June 29, 2017 by macromon

On Tuesday,  June 27th,  Super Mario said this, “Deflationary forces have been replaced by reflationary ones.”  – Mario Draghi And here is how global 10-year bond yields reacted, The German 10-year Bund yield increased 77 percent — OK, from a … Continue reading →

Posted in Bonds, Euro, Uncategorized | Tagged , , | 25 Comments

The Ambiguity of Stock Value: Why It’s So Difficult to Call The Top

Posted on June 28, 2017 by macromon

This is one of our favorite posts of all-time. Thought it apropos to re-post given that everyone and their mother is trying to call the top in stocks.  It’s all about yield-seeking capital flows, my friends.   Tell us what interest … Continue reading →

Posted in Bonds, Equity, Uncategorized | Tagged , | 9 Comments

History’s Biggest “Butterfly Effect” Occurred On This Day

Posted on June 27, 2017 by macromon

The butterfly effect is the concept that small causes can have large effects. Initially, it was used with weather prediction but later the term became a metaphor used in and out of science. In chaos theory, the butterfly effect is … Continue reading →

Posted in Economics, Geopolitical, Uncategorized | Tagged , , | 37 Comments

Memo To Republicans

Posted on June 27, 2017 by macromon

To:         The President and Congressional Republicans From:    Joe and Jane Sixpack Date:     June 27, 2017 Re:         Health Care Act _______________________________________________________________ Get over it!    America wants universal health care. Please fix it or replace Obamacare with something better. Your most … Continue reading →

Posted in Politics, Uncategorized | Tagged , | 3 Comments

QOTD: Super Mario Speaks

Posted on June 27, 2017 by macromon

“Deflationary forces have been replaced by reflationary ones.”  – Mario Draghi

Posted in ECB, Euro, Inflation/Deflation, Monetary Policy, Uncategorized | Tagged , , , | Leave a comment

The Rack Trade

Posted on June 27, 2017 by macromon

Ever have a pairs (spread) trade where both sides were moving against you?  Ouch!  Been there, don’t want to do that.   Well, this is what we call the rack trade  (Kudos to Doug Skrypek for coining the term).   You … Continue reading →

Posted in Bonds, Crude Oil, Uncategorized | Tagged , , , , | 6 Comments

US Sector ETF Performance – June 23

Posted on June 25, 2017 by macromon
Posted in Sector ETF Peformance, Uncategorized | Tagged | Leave a comment

Global Risk Monitor – June 23

Posted on June 25, 2017 by macromon

Click on table to enlarge and for better resolution

Posted in Daily Risk Monitor, Uncategorized | Tagged , , , , , | Leave a comment

The Incredible Shrinking Relative Float of Treasury Bonds

Posted on June 22, 2017 by macromon

Lot’s of hand wringing these days about the flattening yield curve.  We still maintain our position that the signal from the bond market is significantly distorted due to the global central bank intervention (QE) into the bond markets.   See here … Continue reading →

Posted in Uncategorized | 23 Comments

Dubai’s Robotic Police Force

Posted on June 22, 2017 by macromon

Wow!  When is the last time you met a cop that spoke nine languages? Robocop On Wednesday, May 24, Dubai will launch a new police robot that marks the first phase of the integration of robots into the police force. … Continue reading →

Posted in Algos, Technology, Uncategorized | Tagged , , , | 1 Comment