Monthly Archives: January 2019

This Day In Financial History – Jan 17

Posted on January 17, 2019 by macromon

From the great Jason Zweig January 17: 1991: As the U.S. military blasts Baghdad and Kuwait, driving back Saddam Husseins invading troops, the Dow Jones Industrial Average shoots up 4.6% to close at 2623.51. http://www.history.navy.mil/wars/datesjan.htm; http://www.pbs.org/wgbh/pages/frontline/gulf/cron; http://www.desert-storm.com/War/chronology.html; http://averages.dowjones.com   1946: Slow down, … Continue reading →

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Our Autopsy On The Still Living Bear Market

Posted on January 16, 2019 by macromon

Summary We believe the market is way off base in its analysis of what caused stocks to sell hard in 2018 The U.S. and world have a debt problem and yields need to mover higher in order for markets to … Continue reading →

Posted in Bonds, Equities, Uncategorized | 16 Comments

S&P500 Key Levels & Gravestone Doji

Posted on January 16, 2019 by macromon

Today’s price action and candle look sound as closest like a bell ringing to sell the S&P as you are going to get.   Yes, we jumped the gate a bit early in our recent short and are very cognizant the … Continue reading →

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QOTD: John Bogle, RIP

Posted on January 16, 2019 by macromon

Trees don’t grow to the sky, and I see clouds on the horizon. I don’t know if and when they’ll arrive. A little extra caution should be the watchword – John Bogle, Barron’s – December 28, 2018

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This Day In Financial History – Jan 16

Posted on January 16, 2019 by macromon

From the great Jason Zweig January 16: 1991: The Persian Gulf war begins (at 7 p.m., Eastern Time) as the U.S. transforms Operation Desert Shield into Operation Desert Storm by launching its aerial bombardment of Baghdad and Kuwait. http://www.defenselink.mil/news/Aug2000/n08082000_20008088.html; http://www.desert-storm.com/War/chronology.html … Continue reading →

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Perspective In The Permian

Posted on January 16, 2019 by macromon

For a bit of perspective, the entire state of California, which recently beat out the United Kingdom as the fifth biggest economy in the world, has around 10 active drilling rigs. The Permian Basin alone has nearly 500. Exxon Mobil … Continue reading →

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Stopped Out Of Pound And S&P

Posted on January 15, 2019 by macromon

We are out of our S&P short at 2604.  Totally mistimed the positive China stimulus rhetoric overnight.  Can’t win them on.  Clearly, new market psychology for new.  Look to sell higher unless decisive break about 2650.   On to the next … Continue reading →

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Investors Look to Earnings Amid Market Confusion

Posted on January 15, 2019 by macromon

Jan.14 — Bloomberg’s Lisa Abramowicz, Henry Peabody, portfolio manager at Eaton Vance Management, and Noah Weisberger, managing director at Sanford Bernstein, discuss market expectations for quarterly earnings. They speak with Bloomberg’s Jonatan Ferro on “Bloomberg Markets: The Open.” – Bloomberg … Continue reading →

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This Day In Financial History

Posted on January 15, 2019 by macromon

From the great Jason Zweig January 15: 1987: The New York Stock Exchange racks up daily volume of over a quarter-of-a-billion shares for the first time, as a total of 253.1 million shares are traded. http://www.nyse.com/marketinfo/

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The Best of CES 2019 – Engadget

Posted on January 15, 2019 by macromon

Oops, we made a mistake! Impossible Burgers are plant-based, not a lab-grown meat. Read more: https://www.engadget.com/2019/01/10/b…

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