Monthly Archives: July 2017

A National Treasure Wins The ESPY Icon Award

Posted on July 15, 2017 by macromon

Here is actor, Bryan Cranston, presenting  Vin Scully with the ESPY Icon Award on Wednesday night.    Make sure to listen to Cranston’s  wonderful introduction.  It is nothing less than beautiful poetry. “Vin Scully’s narative of Sandy Koufax’s perfect game … Continue reading →

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COTD: China’s Financial System

Posted on July 13, 2017 by macromon

. China’s financial system consists of six major entities: The People’s Bank of China, governments, commercial banks, financial institutions, enterprises, and individuals. The People’s Bank of China is a national bank, invested by the government. Though the People’s Bank of … Continue reading →

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How Brazil’s Once Mighty “Lula” Has Fallen

Posted on July 12, 2017 by macromon

There doesn’t seem a day that goes by without a political scandal in some emerging market rocking the tape.  Check that.  Add also developed markets.    Brazil, Pakistan, Mozambique, and, yes, even the United States. But today’s nine and half year … Continue reading →

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Crude Oil Gets C- On Today’s Test

Posted on July 12, 2017 by macromon

We were looking for better price action in crude oil after this morning’s EIA release, which did confirm last night’s  API monster draws in inventories and showed that Cushing inventories at their lowest levels since Nov 2015.   But U.S. … Continue reading →

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Guest Post: Random Acts of Kindness

Posted on July 12, 2017 by macromon

Here’s a very moving piece and a nice time out from the random acts of the market. .  Posted by a beloved college girl very close to us. . The In Her Honor Project I was best friends with Takeimi … Continue reading →

Posted in Quotes, Reads, Uncategorized | Tagged | 2 Comments

TOTD: Today’s Rare Market Feat

Posted on July 12, 2017 by macromon

This would be the 4th time in 20 years that stocks, bonds and gold all up by > 0.25% on the Fed Chair’s semi-annual testimony.  – Sentimen Trader (TOTD = Table of the Day)

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Crude Faces Key Test Today

Posted on July 12, 2017 by macromon

After a monster draw on inventories in the API data released last night,  crude oil faces a key test on the EIA inventory release today.   If EIA confirms API and the oil price can’t hold its gains,  trouble in … Continue reading →

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Political Scandal Makes Pakistan EM Odd Man Out

Posted on July 11, 2017 by macromon

The political scandal rocking Pakistan, where a Supreme Court investigation found evidence of possible corruption against Prime Minister Nawaz Sharif,  has taken the Karachi Stock Exchange down 17.69 percent from its May high, returning almost -10 percent for the year.   This … Continue reading →

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COTD: Petroleum Products Made From A Barrel Of Crude

Posted on July 11, 2017 by macromon

On average, U.S. refineries produce, from a 42-gallon barrel of crude oil, about 20 to 19 gallons of motor gasoline, 12 gallons of distillate fuel distillate fuel, most of which is sold as diesel fuel, and 4 gallons of jet … Continue reading →

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Gary Cohn As Next Fed Chairman?

Posted on July 11, 2017 by macromon

Politico out with a piece tonight citing souces that National Economic Council Director and Goldman alum, Gary Cohn, is the leading contender to replace Janet Yellen next January.    Interesting timing as it comes on the eve of Janet Yellen’s two-day … Continue reading →

Posted in Interest Rates, Monetary Policy, Uncategorized | Tagged , , , | 15 Comments