Monthly Archives: March 2020

Deflationistas About To Go Apeshit Over The Collapse Of Oil Prices

Posted on March 7, 2020 by macromon

The Saudi-Russian Oil War is going to set the deflationistas hair on fire.  What is wrong with the relative price of oil collapsing? A big flop in the price of a headline commodity almost always brings out a deflation panic.  … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , | Leave a comment

Stages Of A Pandemic: Denial, Panic, Fear, and Rationality

Posted on March 7, 2020 by macromon

We’ve been accused of panicking. It just ain’t so, Joe, as our M.O. is to try and panic before everyone else. What will be the big negative shock that shakes the tree loose?   Your guess is as good as ours … Continue reading →

Posted in Economics, Equity, Uncategorized | Tagged , | 4 Comments

At The Tipping Point, Mr. Market Looking For Strong Leadership

Posted on March 5, 2020 by macromon

It feels like the country is right at the tipping point of full blown panic. Closer to home, Keysight Technologies, the county’s third-largest employer with about 1,500 workers, Thursday said it was closing indefinitely its Santa Rosa campus over worries … Continue reading →

Posted in Uncategorized | 4 Comments

Biden Bounce Tomorrow?

Posted on March 3, 2020 by macromon

Stunning moves in the prediction market on who will be at the top of the Ticket in November.  Joe Biden, who was running behind Bernie at the time of our post last night has rocketed ahead to a 70 percent … Continue reading →

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The Fed Cut Fails To Inspire As Markets Deliver A Policy Margin Call

Posted on March 3, 2020 by macromon

The price action in stocks continues its remarkable volatility. The cash S&P500 traded in a 160 point range just today, or 5.4 percent.   They sold the Fed 50 bps emergency cut hard to close the S&P at 3003.37, down 2.8 … Continue reading →

Posted in Equities, Uncategorized | Tagged , | Leave a comment

Sixpence Lower

Posted on March 3, 2020 by macromon

We noted how V.P. Mike Pence, the Administration’s coronavirus czar, is tanking in the prediction markets that he will remain on the Republican ticket in November.  Sixpence lower today and down over 17 percent since he was appointed to be, … Continue reading →

Posted in Politics, Uncategorized | Tagged , | 1 Comment

Biden Rocks, Bernie Flops In Prediction Markets

Posted on March 2, 2020 by macromon

Joe making a big move on PredictIt to head the Democratic Ticket in November.   Super Tuesday on deck. Pence, The Fall Guy? This really caught our eye.   The probability or price that Mike Pence will be on the Republican ticket … Continue reading →

Posted in Uncategorized | 3 Comments

Why Smart Money Use Bonds As A Stock Short Proxy

Posted on March 2, 2020 by macromon

Today is a classic example of why smart money buy bonds as a proxy for shorting stocks.  Bear market bounces, such as today’s, are much too violent and can, including for many today, be fatal. Here is a post about … Continue reading →

Posted in Uncategorized | 6 Comments