Yearly Archives: 2018

Trump v. Obama Jobs Market – Midterm Review

Posted on November 2, 2018 by macromon

The Bureau of Labor Statistics (BLS) released its final jobs report before the midterm election on Tuesday. The pre-midterm final verdict is in. The Obama economy created 423k more total non farm payroll jobs and 194k more private sector jobs … Continue reading →

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iPhone Inflation Drives Apple Earnings, Again

Posted on November 1, 2018 by macromon

Apple continues to rely on iPhone inflation for revenue growth as unit sales quarterly year-on-year growth was flat for the 12th consecutive quarter.   The almost 30 percent increase in iPhone revenue is due to price increases. Unit sales growth for … Continue reading →

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Key S&P500 Fibonacci Retracement Levels

Posted on November 1, 2018 by macromon

Watch this space.   The battle taking place right now at 2,732.42. No sense to even think about getting long for a swing until it clears and closes through the .500 at  2772.   Mr. Market desperately needs to close above 2732.42 … Continue reading →

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The Taylor Swift Boating Of The Midterms

Posted on October 31, 2018 by macromon

The term swiftboating (also swift-boating or swift boating) is a pejorative American neologism used to describe an unfair or untrue political attack. The term is derived from the name of the organization “Swift Boat Veterans for Truth” (SBVT, later the Swift Vets … Continue reading →

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Exit Mr. Rocktober

Posted on October 31, 2018 by macromon

Ugly month. The fourth worst October performance for the S&P500 since 1950.   Could have been much worse if not for the bulls skate save over the past two days. Rare that stocks down so much yet 10-year yield 8 bps … Continue reading →

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“What will Brazil’s role in Venezuela be with Bolsonaro’s Presidency?”

Posted on October 30, 2018 by macromon

Carlos Milani, Associate Professor at the Rio de Janeiro State University’s Institute for Social and Political Studies (IESP-UERJ) “Bolsonaro”s election is very worrisome for our young democracy” Visit our website: http://www.france24.com

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Welcome To The Club, Mr. President

Posted on October 30, 2018 by macromon

An antagonistic free press is part of the job description, no? President Trump – October 26, 2018   Whenever the press quits abusing me I know I’m in the wrong pew. I don’t mind it because when they throw bricks … Continue reading →

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Republicans Set For Historical Thumping In Midterms

Posted on October 29, 2018 by macromon

Updated October 30 @ 1:15 a.m. –   Data correction  Summary President Trump’s Gallup approval rating has collapsed over the past week We have updated our simple single factor model, which now projects the Republicans will lose 53 House seats next … Continue reading →

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Why The 2018 Stock Market Corrections Are Different

Posted on October 29, 2018 by macromon

Just a quick note and some data to bolster our last post and concern that Treasury yields are not coming in  during this stock market correction. The table illustrates that the this year’s two S&P 10 percent corrections have coincided … Continue reading →

Posted in Equity, Interest Rates, Uncategorized | Tagged , | 33 Comments

S&P500 Key Levels

Posted on October 29, 2018 by macromon

The oversold S&P is off 30 points from its morning high.  It’s imperative it has a strong close today. We do think a test of the February low of 2532. 69 is a done deal, that is another 5.4 percent … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 5 Comments