Author Archives: macromon

Week In Review – August 3

Posted on August 5, 2018 by macromon

Summary Turkey still getting hammered across the board, and now in a pissing match with the U.S. over the detention of Pastor Andrew Brunson The Italian Treasury was in supporting its bond market after a sharp sell-off over budget fears The dollar … Continue reading →

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Sector ETF Performance – August 3

Posted on August 5, 2018 by macromon
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Global Risk Monitor – August 3

Posted on August 4, 2018 by macromon
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Political Economy Of The July Employment Report

Posted on August 3, 2018 by macromon

It is 94 days and 10 hours until the November 6th midterm election, which will determine the fate of the Trump presidency.  All things are now political, including, and, most notable, today’s nonfarm payrolls report. We did an in-depth analysis … Continue reading →

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‘Toon of the Day: Stock Buybacks

Posted on August 2, 2018 by macromon

Source:   New Yorker Tell us it ain’t so, Forbes, the bastion of capitalism and Wall Street.   Using such words as  “global political or financial cataclysm”  to warn us about the consequences of stock buybacks?   Double Yikes! The decades-long diversion of business … Continue reading →

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Inflation Drives Apple Market Cap To One Trillion Dollars

Posted on August 2, 2018 by macromon

1012 Apple’s market cap hit 1012 dollars today. Impressive but no pom-poms here at Global Macro Monitor.  We would be more impressed if Apple’s main businesses were doing better and the company was more focused on electrical engineering rather than … Continue reading →

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The Streak

Posted on July 31, 2018 by macromon

In case you missed Charlie B.’s excellent table from yesterday, which illustrates the S&P500 has not closed below its 200-day moving average in 526 days, here you go. Stunning, especially given Joltin’ Joe’s hitting streak lasted 526 consecutive games.  Coincidence?   You … Continue reading →

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Apple Grows Q3 Revs By 17 Percent

Posted on July 31, 2018 by macromon

Apple out with earnings.  Stock up about 3 percent in after hours. Revenues We note:  1) the 17 percent overall revenue growth, still impressive given the size of the company;  2) looks like no blowback yet on trade with China, … Continue reading →

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QOTD: Jamie Dimon

Posted on July 30, 2018 by macromon

Bad policies lead to bad outcomes.  –  Jamie Dimon,  July 30, 2018 (QOTD = Quote of the Day)

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Overhyped Relative Job Creation. Sound Familiar?

Posted on July 30, 2018 by macromon

Steven Rattner, whom the UAW can thank for leading the auto bailout during the GFC,  presented these graphs today on Morning Joe.   Does the analysis look a little familiar? It should.  We first presented it in our, Deconstructing The … Continue reading →

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