Monthly Archives: October 2020

S&P500’s Trick Or Treat?

Posted on October 30, 2020 by macromon

S&P futures are getting schmoked at 11:38 pm PT, down almost 70 points, and approaching the 3200 critical support level.   The futures could bounce there, or before there, but we seriously doubt it holds.  The S&P will move into correction … Continue reading →

Posted in Coach C, Equities | Tagged | 1 Comment

Happy Halloween

Posted on October 29, 2020 by macromon

If you’ve been following GMM, you know my house burnt down a few weeks ago in the endless series of California wildfires.  See our posts,  California Burning 4.0  and Living Like A Climate Refugee. Jack Makes Its After finally getting back on … Continue reading →

Posted in Environment | Tagged | 2 Comments

The First Look at Boom’s Supersonic Plane

Posted on October 29, 2020 by macromon

Very cool. I flew the Concorde a couple times.   Took off from London at 7 pm and landed at JFK at 5:30 pm,  the closest I have come to time travel! It’s been almost 20 years since the Concorde was … Continue reading →

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Misplaced Economic Priorities: Too Much Wall, Too Little Main

Posted on October 28, 2020 by macromon

We are not taking a victory lap yet but we have been warning President Trump’s focus on the stock market was not only bad economics but also a losing political proposition.  Next Tuesday the option expires. But the juxtaposition of … Continue reading →

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Black Monday, 1987: Inside The U.S. Treasury

Posted on October 18, 2020 by macromon

By Liam McPherson The following exchange took place between President Reagan and reporters after the market close on Black Monday, October 19, 1987.  Leaving to visit the First Lady in the hospital, President Reagan spoke just after the market lost … Continue reading →

Posted in Equities, Equity | Tagged , | 21 Comments

IMF Warns of Uneven Recovery as Global GDP to Shrink 4.4%

Posted on October 14, 2020 by macromon
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WOTD: Trumpery

Posted on October 13, 2020 by macromon

WOTD:  Word for the Day You can’t make this stuff up. Trumpery.  Real word. Can the definition be more apropos to what we see and experience every day? Hat tip: Chris Cuomo

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QOTD: Only Buy Stocks That Go Up

Posted on October 12, 2020 by macromon

QOTD = Quote of the Day Will Rodgers was way ahead of his time.    His quote defines the group think of today’s marginal buyer with the qualification that stocks always go up.  Well, at least, most of the time … Continue reading →

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The Great Misread: Secular Lower Prices In Semiconductors

Posted on October 8, 2020 by macromon

Just a quick note on what we believe has been one of the largest factors, along with globalization to the disinflationary forces over the past 30 years. That is the secular decline in the price of semiconductor prices.  Semiconductors are … Continue reading →

Posted in Disinflaton, Semiconductor prices, Semiconductors | Tagged , , | 2 Comments

Meine Fox News: Senicide, The Final Solution?

Posted on October 6, 2020 by macromon

Good, God! We have been writing for ten years about the coming “Clash of Generations” but we never, ever, in our wildest imagination believed it would result in an “elderly are expendable” vibe.  Senicide.  The word “senicide” — meaning the … Continue reading →

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