Author Archives: macromon

The U.S. budget deficit keeps climbing, approaching 8 percent of GDP as the 12-month trailing shortfall reached $2.1 trillion in May.  Budget receipts in May were down 20 percent year-on-year, most likely due to lower tax receipts from a slowing … Continue reading →

Chat GPT, a very efficient code debugger, has already greatly enhanced our coding (R) productivity, making it easier to manipulate data and crunch numbers.  We have put together some interesting tables on the seasonality of daily, monthly, and annual returns … Continue reading →

A couple of quick observations on this past week’s data.  First, the big contraction in corporate credit spreads and the rise in industrial metals.   Ergo, Mr. Market signaling no recession.   Second the meltdown in Turkey’s currency and bond market.  Stocks … Continue reading →

Whoever becomes the leader in this sphere [A.I.] will become the ruler of the world – Vladimir Putin Since the end of November the firm’s market capitalisation has soared from under $400bn to $925bn—accounting for a fifth of the rally. Add … Continue reading →

QOTD:  Quote of the Day Today it holds over 80% of the market in specialist AI chips…Even if AI mania cools, the technology is bound to be more useful than crypto, another craze that Nvidia cashed in on. – Economist … Continue reading →

The U.S. stock market is surprisingly calm right now…A key reason: a growing divide between mainstream investors, who have largely been sitting out the 2023 stock rally, and the machines whose buying has been driving it…The market’s steady rise has … Continue reading →