Category Archives: Bonds

QOTD: Paul Tudor Jones

Posted on February 17, 2018 by macromon

“We are in the throes of a burgeoning financial bubble.  If I had a choice between holding a U.S. Treasury bond or a hot burning coal in my hand, I would choose the coal.” – Paul Tudor Jones  (QOTD = … Continue reading →

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Impressive Win For The Bulls

Posted on February 14, 2018 by macromon

  That was impressive. The hot CPI and weak retail sales data hits the tape at 8:30 eastern, S&P500 futures trade down 48.25 points or 1.8 percent in a Jackie Moon moment,  bounces around for about 20 minutes, then takes … Continue reading →

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Watch These Levels

Posted on February 12, 2018 by macromon

Is that it?  Is the sell-off over, new highs on the short-tem horizon? Nobody knows.  The recovery is a process and unfolds one step tick at a time. In our last Week In Review post, we noted, Only three times … Continue reading →

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Just Another Day At The Office

Posted on February 9, 2018 by macromon

Wola-freakin’-tility! The Dow traded in a 1,022 point, or 4.3 percent, intraday range today.  That is emerging market volatility, folks. What a close to an ugly week and a bookend win to the week for the bulls. Classic double bottom … Continue reading →

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Watch These Spaces

Posted on February 8, 2018 by macromon

It seems like an eternity since our January 28th Sunday night post, Watch This Space. The S&P500 had closed at the high of the day on Friday and also what was the high of 2018. We warned to watch the … Continue reading →

Posted in Bonds, Currency, Global Stock Performance, Uncategorized | Tagged , , , | 66 Comments

Another Streak Snappled

Posted on February 2, 2018 by macromon

Whoa! Dow down 666 to close a week in which we saw a rare Super Blue Blood Moon.   Sure to bring out the false “profits” [sic], now watching for an earthquake and great fire to turn the sun black. … Continue reading →

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Bonds Behaving Badly

Posted on February 1, 2018 by macromon

We began the week with our Watch This Space post: Because the eurozone is where the big bond bubble lives. Though the euro periphery is now in Convergence 2.0 mode on hopes of eMac’s vision of a more integrated ‘zone, … Continue reading →

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Alan Greenspan On The “Twin Bubbles”

Posted on January 31, 2018 by macromon

We suspect the duration and resolution of the twin bubbles will be a bit more complicated than the dot.com and credit/housing bubble — i.e., a swift waterfall collapse followed by a sharp rebound driven by the Federal Reserve to even … Continue reading →

Posted in Bonds, Equities, Uncategorized | Tagged , , , , | 48 Comments

Watch This Space…

Posted on January 28, 2018 by macromon

Because the eurozone is where the big bond bubble lives. Though the euro periphery is now in Convergence 2.0 mode on hopes of eMac’s vision of a more integrated ‘zone, the German 10-year is at a critical level, and yields … Continue reading →

Posted in Bonds, Equities, German Bund, Uncategorized | Tagged , , | 11 Comments

Dangerous Gambit Out Of Davos

Posted on January 24, 2018 by macromon

We woke to a comment out of Davos that surprised both us and the market. The U.S. Treasury Secretary, Steven Mnuchin, broke from tradition and welcomed a weaker dollar. “Obviously a weaker dollar is good for us as it relates … Continue reading →

Posted in Bonds, Dollar, Uncategorized | Tagged , , , , , | 14 Comments