Monthly Archives: October 2019

Beware Of The S&P’s Doji City

Posted on October 16, 2019 by macromon

In our Saturday post,  Heads Up! Friday’s Rare S&P Shooting Star Candlestick,  we pointed out the S&P500 had formed a rate shooting star Doji candlestick on Friday with price action that had been observed only once since 2010, last Halloween day. Run don’t … Continue reading →

Posted in Equities, Uncategorized | Tagged , , , | 1 Comment

Most Overvalued Equity Markets – IMF

Posted on October 16, 2019 by macromon

October Datafest October is always a month of feasting for us macro data junkies as the IMF releases several of their annual reports and databases, such as the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR).   We … Continue reading →

Posted in Equities, Uncategorized | Tagged , , , | 1 Comment

Watch This [WeWork] Space

Posted on October 15, 2019 by macromon

15 Oct – 08:14:04 PM [RTRS] (9984.T) – WITHOUT ADDITIONAL FUNDING, WEWORK IS POISED TO RUN OUT OF CASH BY MID-NOVEMBER – CNBC — Alastair (@StockBoardAsset) October 16, 2019 A very smart friend of mine thinks WeWork could be the … Continue reading →

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Brexit Market Rockin’

Posted on October 15, 2019 by macromon

The PredictIt market on a Brexit by November 1st is up over 50 percent in the past 24 hours. The Rules Prior to 12:00:01 a.m. November 1, 2019 London time, the United Kingdom shall exit the European Union. – PredictIt … Continue reading →

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How Far Can The Stock Market Run?

Posted on October 14, 2019 by macromon

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , , | 75 Comments

Brexit Market Plummets – “The Clock Is Ticking”

Posted on October 13, 2019 by macromon

After negotiations in Brussels failed to produce a  breakthrough, the odds at PredictIt of an official Brexit by November 1 tanked into the teens on big volume.  The market was only pricing around a 30 percent probability of a deal … Continue reading →

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Heads Up! Friday’s Rare S&P Shooting Star Candlestick

Posted on October 12, 2019 by macromon

We’ve been ignoring the daily noise of the stock market given the futility of trying trade against the blatant market manipulation but especially, after the S&P met our target of 3025, which we posted on April 1st, If you have … Continue reading →

Posted in Uncategorized | 8 Comments

Another Potemkin Trade Deal

Posted on October 10, 2019 by macromon

Chalk up another meaningless, photo-op trade agreement with the recent U.S.-Japan Trade Agreement.   The country and, especially, American farmers would have been much better off staying in the Trans Pacific Partnership (TPP). The Japan deal is just another Potemkin trade … Continue reading →

Posted in Trade War, Uncategorized | Tagged | 6 Comments

It Begins

Posted on October 10, 2019 by macromon

  It is starting to get real, folks.  The U.S. is in the midst of a major and potentially very destabilizing Constitutional Crisis. Don’t listen to the talking heads flapping their jaws.   Everything is not awesome.  Any strength or … Continue reading →

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How The Rich Get Richer And The Poor Get Poorer

Posted on October 9, 2019 by macromon

The power is off in Northern California but we want to get this out even though it is still in draft form.  We are working off the desk and not sure when power will be restored.  Take this as our … Continue reading →

Posted in Uncategorized | 15 Comments