Monthly Archives: May 2018

Going Back To Houston!

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

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

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

 

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Global Risk Monitor – May 25

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Get up and fight, sucker!

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

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

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

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

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 , , , , , | 21 Comments