Monthly Archives: November 2018

Our Favorite Chart Of The Week

Posted on November 18, 2018 by macromon

Events and the market are moving our way, BREXIT ain’ gonna happen.  The political extremes on both ends have “woke” the sleepy and complacent middle, women, and the young.  We believe you will see the results in the upcoming “November to Remember” … Continue reading →

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Rosie On Investing In 2019 – Financial Post

Posted on November 17, 2018 by macromon
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Week In Review – November 16

Posted on November 17, 2018 by macromon

Summary U.S. 10-year yield in on slowdown worries Probability of Fed move in December drops 10 points to around 65 percent Corporate credit spreads blew out big time.   Watch this space Equity markets are rudderless and feel like they want … Continue reading →

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Sector ETF Performance – November 16

Posted on November 17, 2018 by macromon
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Global Risk Monitor – November 16

Posted on November 17, 2018 by macromon
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Cue “Exit the BREXIT” & Other GMM Victory Laps

Posted on November 16, 2018 by macromon

Because we get a lot of things wrong in the trading business as nobody knows the future, and every decision to buy or sell is really just a probability adjusted or calculated guess, we thought we would take a victory … Continue reading →

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U.S. Treasury Market Borrowing & Global Foreign Savings

Posted on November 15, 2018 by macromon

We were curious about how much U.S. Treasury market borrowings have increased relative to global foreign savings and whipped together the table below. We define  global foreign savings here as the cumulative current account surpluses of all the world’s surplus nations. The … Continue reading →

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Multiple root problems lie behind Italy’s economic woes – FT

Posted on November 15, 2018 by macromon

Great synopsis of Italy’s economic and political woes by the FT. The country’s lagging GDP per capita is all you need to know to understand the cause of the political conflict and rise of left-right Italian populism. We were surprised … Continue reading →

Posted in Italy, Politics, Uncategorized | Tagged , , , , | 18 Comments

Is The 10-Year S&P500 Rally At Risk?

Posted on November 14, 2018 by macromon

We don’t know and neither does anyone else. We do know, however,  the market trades horribly;  it can’t hold its water on rallies;  has lost its leadership and trades rudderless,  and the index is getting close to testing some key … Continue reading →

Posted in Equities, Uncategorized | Tagged | 2 Comments

The Rack Trade Cometh & Killeth

Posted on November 14, 2018 by macromon

The following trade is causing some mega pain and panic unwind within the energy trading community: Long Crude Oil futures/Short Natural Gas Futures It’s painful enough to be squeezed, but to be taking it at both ends is unbearable and … Continue reading →

Posted in Energy, Uncategorized | Tagged , , | 1 Comment