Yearly Archives: 2018

[Dangerous] Tweet of the Day

Posted on March 2, 2018 by macromon

Yikes!  Buckle up, folks. When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with … Continue reading →

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Tweet of the Day: Cuban Cigars and JFK

Posted on March 1, 2018 by macromon

https://twitter.com/HistoryInPix/status/969446709930508288

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Steel Yourselves

Posted on March 1, 2018 by macromon

We almost got the Jackie Moon moment – i.e., a panic sell-off – which we warned about in our early morning post if trade tariffs were announced today.   We believe a five percent one day downdraft  would constitute a Jackie Moon … Continue reading →

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Feels Like Jackie Moon Moment Coming

Posted on March 1, 2018 by macromon

Markets are going to start to fret over potential trade wars after steel and aluminum tariffs are announced by Trump Administration. Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy … Continue reading →

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Charles Dickens 2.0

Posted on March 1, 2018 by macromon

This is a f**ling outrage!  Straight out of a Dickens novel. Don’t these idjits understand they are sowing the seeds for a mega-mega political backlash?    Can you hear Karl calling?  Or is that Marie trolling us? Rex Iverson committed suicide … Continue reading →

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POTD: DoJ Flipping Off The President?

Posted on February 28, 2018 by macromon

It is heating up, folks.  Keep it on your radar. Scoop: Besieged Sessions dines with Rosenstein If Donald Trump finally follows through on his rage and fires Jeff Sessions, the image with this story will be printed in history books. Tonight … Continue reading →

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JFK-Trump S&P500 Analog – Five Basis Points On Day 328

Posted on February 28, 2018 by macromon

After 328 trading days since election day, the Trump S&P500 sits right on top of the JFK S&P500.  That is the performance of the index, 328 trading days after the election day of each president, is less than five basis … Continue reading →

Posted in Equities, Uncategorized | Tagged | 25 Comments

QOTD: On Fed Chair, Jay Powell

Posted on February 27, 2018 by macromon

Larry Kudlow just on CNBC quoting President Trump after interviewing Jay Powell for the Fed chair: “The guy looks like a central banker.” – President Trump (via Larry Kudlow) (QOTD = Quote of the Day)

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Semiannual Monetary Policy Report to the Congress

Posted on February 27, 2018 by macromon

February 27, 2018 Semiannual Monetary Policy Report to the Congress Chairman Jerome H. Powell Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to … Continue reading →

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Ambiguity Of The Dow’s Value: -3.3% GAAP v 10.5% non-GAAP 2017 Earnings

Posted on February 26, 2018 by macromon

One more example of the ambiguity of stock value  and why earnings are, or can be, the creature of  a company’s CFO.  This is exactly why we prefer top line metrics, such as sales and revenues.  See here for debate … Continue reading →

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