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Recent Posts
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Yearly Archives: 2018
Just Another Day At The Office
Wola-freakin’-tility! The Dow traded in a 1,022 point, or 4.3 percent, intraday range today. That is emerging market volatility, folks. What a close to an ugly week and a bookend win to the week for the bulls. Classic double bottom … Continue reading
Watch These Spaces
It seems like an eternity since our January 28th Sunday night post, Watch This Space. The S&P500 had closed at the high of the day on Friday and also what was the high of 2018. We warned to watch the … Continue reading
Posted in Bonds, Currency, Global Stock Performance, Uncategorized
Tagged bonds, Central Banks, Mario Draghi, Stocks
66 Comments
Fugly Trading Week
Drawdowns* Bitcoin: -58.3%Shanghai Comp: -13.2%China A Shares: -11.9%Nikkei 225: -12.6%Brazil: -11.6%Nasdaq: -10.4%S&P 500: -10.2%Mexico: -9.4%Russell 2000: -9.3%Oil: -9.2%EuroStoxx 600: -7.2%India: -5.5%Gold: -3.5%Euro: -2.1% *from recent highs, bloomberg data — Lawrence McDonald (@Convertbond) February 9, 2018
The Only Dip To Buy Is A French Dip
Stunning to watch the financial pundits and the action of some investors with their reflexive buy the dip mentality after the massive volatility shock. The S&P500 moves straight up for two years without a back-to-back 1/2 percent correction and then … Continue reading
SPD To Get German Finance Ministry
Breaking. Angela Merkel has agreed with Social Democrats on a new coalition German government. Political leaders in Germany have reportedly reached a breakthrough in talks to form a new coalition government, following months of uncertainty after elections in September failed … Continue reading
Posted in Demographics, ECB, Germany, Uncategorized
Tagged coalition government, Germany
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Tweet Of The Day: Turkey Investments
From @nntaleb ‘s Classic: "The Black Swan," a Turkey's life is much like many "safe" investments. (2) pic.twitter.com/5c7r3HXjYg — Lawrence McDonald (@Convertbond) February 7, 2018
Posted in Tweet of the Day, Ugly Chart Contest, Uncategorized
Tagged Turkey Investment, tweet
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Start Of A Mean “Mean Reversion” In Stock Values?
Asset valuations, including stock prices, eventually revert to their long-term mean (average) valuation or at least attempt to if not interrupted by outside intervention, such as central banks. It has been the major factor in the steep sell-off in … Continue reading
Posted in Currency, Equities, Uncategorized
Tagged Equities, Fundamental Valuations, Stock Market Crash
28 Comments
When Stock Prices Become A Social Movement
Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks….investors have no model or at best a very incomplete … Continue reading
Week In Review – February 2
No poetry, no prose in the Week In Review. We gave you plenty to munch on this past week and today is a holy day, Super Bowl Sunday. We posted many warnings about the events of last week and how … Continue reading
Global Macro Monitor 