Yearly Archives: 2018

Swan Lake – June 7

Posted on June 7, 2018 by macromon

The swans were restless and a bit weaker today. Italy 10-year is blowing out again, now just ten bps below May 29th closing high of 3.16 percent.  The yield curve in Italy continues its re-flattening, as shorts seem to be … Continue reading →

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The Clash Of Generations Cometh

Posted on June 6, 2018 by macromon

You heard it here first, comrades! https://twitter.com/jameshasson20/status/1004096297316601856?s=21

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The Tale Of Two Fat Tails

Posted on June 6, 2018 by macromon

In a normal probability distribution…blue curve), the odds of risky outcomes (bad stuff happening) are thin at the extremes. In fat-tailed distributions, such outcomes have a greater chance of occurring (the [greenish] curve). Source Non-normal distributions can be heavily skewed and … Continue reading →

Posted in Algos, Climate Change, Economics, Uncategorized | Tagged , , , , , | 52 Comments

Swan Lake – June 6

Posted on June 6, 2018 by macromon

The swans were relatively well behaved today.  Watch Brazil. Significant move in Italian 2-year, up 35 bps, resulting in big curve flattener.  Yields up across the board in Europe as ECB making noises QE is about to change. Mario Draghi … Continue reading →

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Italy’s New Government: Who’s Who?

Posted on June 6, 2018 by macromon

After weeks of negotiation the Italian Government is ready to get to work. But who are the key players? … READ MORE : http://www.euronews.com/2018/06/06/it…

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Swan Lake – June 5

Posted on June 5, 2018 by macromon

Swans behaving badly + VIX down = Complacency reigns  

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QE And The Laurel vs. Yanny Distortion

Posted on June 4, 2018 by macromon

Interesting clip from Wired,  interviewing  a neuroscientist explaining how people get the sound Laurel and Yanny name so different. The interview is profound if you take the principles and apply them to the markets.  It’s all about reading the correct … Continue reading →

Posted in Interest Rates, Monetary Policy, Uncategorized | Tagged , , , , , | 14 Comments

Swan Lake – June 4

Posted on June 4, 2018 by macromon

The recovery in the European periphery continues. Sell-offs when markets are in bullish mode now seem to act as an centripetal force to move financial assets back to their central point of bullish with great velocity.  Similar to a gravity … Continue reading →

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Really, How Was That Employment Report?

Posted on June 4, 2018 by macromon

Summary Friday’s payroll numbers were very good, slightly above the trend increase over the past 92 months, but does not live up to the hype Job creation during President Trump’s first 16 payroll reports is almost 500k lower than under … Continue reading →

Posted in Employment, Uncategorized | Tagged , , , | 18 Comments

QOTD: Emerson On Trading

Posted on June 3, 2018 by macromon

Internalizing this Ralph Waldo Emerson quote is essential for every successful trader.

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