Monthly Archives: February 2020

Stonks Finally Mugged By A Dose Of Reality

Posted on February 24, 2020 by macromon

After watching this incredible bubble go up every-freaking-day and the speculative fever feed on itself, the market finally got its reality check today. Tied For Second Largest Point Drop (rounding up) Today’s flop marks only the third time in history … Continue reading →

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How Broken Are The Markets? This Broken…

Posted on February 24, 2020 by macromon

Completely FUBAR… https://twitter.com/vixcontango/status/1231956336331587584?s=21

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Why We’re Big Fans Of Johnny “Cash”

Posted on February 20, 2020 by macromon

Of course, if Larry M.’s Lehman-like drawdown scenario is realized, haven flows and shorts will pile into long-notes and bonds as a proxy short but we have no interest in trading fixed-income securities with a 100 bps negative real yield. … Continue reading →

Posted in Bonds, Equities, Uncategorized | Tagged , , , | 7 Comments

COTD: Bank Lending Divergence

Posted on February 18, 2020 by macromon

COTD = Chart of the Day Big divergence in bank lending to consumers and businesses.  Consumer lending y/y growth fairly steady but hard to tell what is causing the steep fall-off in the growth of lending to the corporate sector.  … Continue reading →

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Coronavirus Pandemic: The Next Two Weeks Are Critical

Posted on February 18, 2020 by macromon

Chris Martenson. Ph.D. from Duke in Toxicology is very good on this topic and one of the first out with a correct analysis of the coronavirus.  We posted his first video when there were only a few thousand cases reported. … Continue reading →

Posted in Bitcoin, Economics, Uncategorized | Tagged , | 2 Comments

Now, Which POTUS Inherited A Mess?

Posted on February 17, 2020 by macromon

Wow! President Trump likes to repeat the fictitious notion he inherited an economic mess but his hair is on fire over Obama’s factually based tweet this morning. Eleven years ago today, near the bottom of the worst recession in generations, … Continue reading →

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Two Charts Keeping Us On The Beach

Posted on February 17, 2020 by macromon

I’ve seen fire and I’ve seen rain.  I’ve seen manias the public thought would never end. Until they do. This ain’t our first rodeo.  We have seen these types of asset bubbles many times during our career, especially when you … Continue reading →

Posted in Equities, Housing, Inflation/Deflation, Uncategorized | Tagged , , , | 10 Comments

The Clash Of Generations

Posted on February 16, 2020 by macromon

https://twitter.com/bullyesq/status/1229124747189014528?s=21

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COTD: Coronavirus Risk To Manufacturing

Posted on February 15, 2020 by macromon

The holiday is over, but few people are back in offices and factories…the effects of covid-19 will be like those of SARS in 2003: a sharp shock to Chinese growth, followed by a strong rebound. But SARS may not be a … Continue reading →

Posted in China, Economics, Uncategorized | Tagged , , | 1 Comment

Why The Millennials Feel The Bern

Posted on February 13, 2020 by macromon

The Global Macro Monitor has been writing about the Clash of Generations for years, and way before the headlines and data that are now starting to show up in the MSM.   See here. The fight taking place between the moderates … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 2 Comments