Monthly Archives: May 2018

Going Back To Houston!

Posted on May 27, 2018 by macromon

and here’s why: As the late, great Champ said never bet against Klay! Never put your money against Cassius Clay, for you will never have a lucky day.  – Muhammad Ali   P.S…  For all the x/ baby boomers, that … Continue reading →

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Tweet of the Day: Prophecy In The Comic Strips

Posted on May 26, 2018 by macromon

Amazing… A comic from the 50s 😀 pic.twitter.com/X3nP8rbROB — Daniel Lacalle (@dlacalle_IA) May 26, 2018

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Week In Review – May 25

Posted on May 26, 2018 by macromon

Summary The S&P500 is trapped in a 2-week trading range between 2707 to 2742. Of note, 2742.92 is the 61.8 Fibo in the correction, 2702.78 the 50 percent level Fibo.  The 100-day moving average is also support at 2710.86.  Watch … Continue reading →

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Sector ETF Performance – May 25

Posted on May 26, 2018 by macromon

 

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Global Risk Monitor – May 25

Posted on May 26, 2018 by macromon
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Get up and fight, sucker!

Posted on May 25, 2018 by macromon

53 years ago today, one of the most iconic photos in sport: Ali vs Liston II, captured by the brilliant Neil Leifer – @MeredithFrost   The ending of the second Ali-Liston fight remains one of the most controversial in boxing history. … Continue reading →

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When The U.S. Government Defaulted

Posted on May 24, 2018 by macromon

One of the most pervasive myths about the United States is that the federal government has never defaulted on its debts. There’s just one problem: it’s not true, and while few people remember the “gold clause cases” of the 1930s, … Continue reading →

Posted in Bonds, Budget Deficit, Sovereign Debt, Sovereign Risk, Uncategorized | Tagged , , , , , , | 43 Comments

Swan Watch: Deutsche Bank Tanks

Posted on May 24, 2018 by macromon

The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget (non-p.c., my bad).  As per September 2016, when it traded single digits for a few nanoseconds,  we are not … Continue reading →

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Swan Watch: Italy’s New Prime Minister Faces Challenges

Posted on May 24, 2018 by macromon

The macro swans continue to gather. Giuseppe Conte says he will be the defender of the people but faces a tough political task at home and hard negotiations with Europe ► Subscribe to FT.com here: http://bit.ly/2GakujT

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The New Supply-Side Of Housing & Landlord Nation

Posted on May 23, 2018 by macromon

David Stockman tweeted the following Zero Hedge chart this morning. Clearly, a shift in the supply curve for new homes to the left. OK  – and some buying at irrational prices fueled by artificially low-interest rates and excess money.  The … Continue reading →

Posted in Housing, Uncategorized | Tagged , , , , , | 22 Comments