Author Archives: macromon

S&P500 Approaching Key Level

Posted on March 17, 2020 by macromon

Just a quick heads up.  The S&P500 has already taken out 2750.10, the first key Fib retracement of the 400 plus percent long bull market from Mar’09 to Feb ’20, and is now approaching another key Fibo at 2351.91, which … Continue reading →

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

A Long Way To The Bottom For Stocks

Posted on March 17, 2020 by macromon

Based on the both historic price action of the two financial bubbles that have burst in the past twenty years and our favorite valuation metric — Market Capitalization-to-GDP or the Wilshire 5000 Index to Nominal GDP — stocks still have … Continue reading →

Posted in Bonds, Uncategorized | Tagged , | 1 Comment

Happy St. Patrick’s (Maweyn Succat) Day!

Posted on March 17, 2020 by macromon

Blast From The Past (BFTP). Originally Posted On March 17, 2012 Happy St. Patrick’s (Maweyn Succat) Day! St. Patrick, Ireland, St. Patrick’s Day. Simple, right? The man wasn’t even Irish! He was actually born in Britain around the turn of the … Continue reading →

Posted in Bonds, General Interest, Picture of the Day, PIIGS | Tagged , , , , , , | Leave a comment

“The European Union borders and the Schengen borders will be closed”

Posted on March 16, 2020 by macromon

It’s becoming pretty clear to us that the world is going to look much different on the other side of this crisis.  Diminished global supply chains and more nationalism.  Slower growth and higher inflation. Much will depend on the outcome … Continue reading →

Posted in Euro, France, Uncategorized | Tagged , | Leave a comment

“Lock Downs Do Work”

Posted on March 16, 2020 by macromon

Six counties in the SF Bay Area ordered residents to “shelter in place.”  

Posted in Coronavirus, Uncategorized | Tagged | Leave a comment

Take The O’Shaughnessy Challenge

Posted on March 16, 2020 by macromon

Still waiting for the dawn, the sun is coming up The sun is coming up on the ocean This love is like a drop in the ocean This love is like a drop in the ocean Yahweh, Yahweh Always pain … Continue reading →

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

Some Perspective

Posted on March 16, 2020 by macromon

In our March 7th post,  Stages Of A Pandemic: Denial, Panic, Fear, and Rationality, we suspected the country was about to move from denial to panic over the coronavirus pandemic.   It sure did and infected the global markets in a … Continue reading →

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

China’s Industrial Output Plunges, GDP Headed For First Contraction On Record

Posted on March 15, 2020 by macromon

China’s industrial output fell more than expected as the coronavirus shutdown factories, across the nation.  Industrial output fell13.5% in January and February from a year earlier, versus a median estimate for a 3% contraction. Retail sales fell 20.5% in the … Continue reading →

Posted in China, Coronavirus, Uncategorized | Tagged , | Leave a comment

Exponential Growth 2.0

Posted on March 15, 2020 by macromon
Posted in Uncategorized | 1 Comment

Meet Me In St. Louis Not On The Streets Of Philadelphia

Posted on March 14, 2020 by macromon

Source: Shane Oliver  @ShaneOliverAMP This is about as close as we will get to a pure lab experiment measuring the efficacy nonpharmaceutical interventions (NPIs) intended to reduce infectious contacts, folks. The 1918 influenza pandemic resulted an estimated 500,000–675,000 deaths in … Continue reading →

Posted in Coronavirus, Economics, Politics, Uncategorized | Tagged , , | 1 Comment