Author Archives: macromon

Current iPhone Prices

Posted on January 2, 2019 by macromon

Hmm…  Wonder if the X Max price is hedonically adjusted to compensate for its superior technology to show there really has been no iPhone price inflation? Hedonic quality adjustment is one of the techniques the CPI uses to account for changing … Continue reading →

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

The fall of FAANG (and other thoughts)

Posted on January 2, 2019 by macromon

FANGs haunted by worries over a “Splinternet.” Rana is very good.  Her book, Makers and Takers: How Wall Street Destroyed Main Street,  is a must read,  especially the chapter on how private equity, including the current Secretary of Treasury, dubbed The Foreclosure … Continue reading →

Posted in Apple, China, Equities, Housing, Uncategorized | Tagged , , | Leave a comment

S&P500 Key Levels

Posted on January 2, 2019 by macromon

Wow!  What a wild start to the year. The S&P futures have already traveled 133 points with only one cash session under its belt.  That is equivalent to 5.3 percent of the index. The futures are down almost 30 points … Continue reading →

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

Adding to Gold Right Now

Posted on January 2, 2019 by macromon

We are adding to our gold futures trade right here, right now at 1289 with a 1360ish target.  Trailing stop at 1252.00.   Decent risk-reward, in our opinion.  The path of least resistance is now up with 5.5 percent upside to … Continue reading →

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

Apple Bulls Prepare To Defend The Red Zone

Posted on January 2, 2019 by macromon

The market has spoken. Apple stock has taken out the Christmas Eve low at $146.59 in tonight’s after-hours trading.   Tough to gauge the true conviction until tomorrow’s open. Nevertheless,  the Apple bulls, which includes Mr. Buffett, need to move into … Continue reading →

Posted in Apple, Uncategorized | Tagged , , | 5 Comments

Letter from Tim Cook to Apple investors

Posted on January 2, 2019 by macromon

Apple just released this extraordinary guide down in a letter to investors from Tim Cook.  We are now watching for the stock’s reaction.  We suspect it could be ugly or the stock may have priced most of this.  We have and have had … Continue reading →

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

QOTD: Druckenmiller On The Squirrelly Markets

Posted on January 2, 2019 by macromon

Q:  What to you is a logical macro trade at this stage of the cycle?  – Bloomberg A:  Logical doesn’t mean profitable – Stan Druckenmiller, 32.33 minutes (QOTD = Quote of the Day)

Posted in Quote of the Day, Uncategorized | Tagged , , , | Leave a comment

Mme. Euro’s Wild Ride

Posted on January 2, 2019 by macromon

Buying the euro with an 80 cent handle was such a no-brainer at the beginning of the millennium.  Here?  A much tougher call. We do think the euro, in its current form, will not last. We suspect the first step, … Continue reading →

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

More Ugly Chinese Economic Data

Posted on January 1, 2019 by macromon

The fiscal stimulus and trade concessions cometh? The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November, marking the first contraction since May 2017. Economists polled by Reuters had forecast only … Continue reading →

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

Xi Says Taiwan Will Be United With Mainland

Posted on January 1, 2019 by macromon

Bloomberg is reporting tonight, Chinese President Xi Jinping said Taiwan must be unified with the mainland to achieve his goal of completing the country’s rejuvenation. “China must and will be united, which is an inevitable requirement for the historical rejuvenation … Continue reading →

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