Category Archives: Charts

Why Europe Can’t Afford a Greek Haircut

Posted on June 29, 2011 by macromon

If a picture is worth a thousand words, the following chart from the IMF encapsulates all the analysis one needs to understand why Mr. Trichet and the rest of the Eurozone bureaucracy are so adamant about not letting Greece restructure … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Euro, PIIGS, Policy, Politics, Sovereign Debt, Sovereign Risk | Tagged , , , | 4 Comments

Support of the Masses

Posted on June 24, 2011 by macromon

Just a quick little chart for the weekend to show how the major indices are at or near key support levels.   Here we have the CRB Index breaking short-term support yesterday and just barely closing through its 200-day moving average.   … Continue reading →

Posted in Charts, Commodities, Equities | Tagged , , | Leave a comment

Who Owns the U.S. Equity Market?

Posted on June 21, 2011 by macromon

The following chart shows who holds U.S. equities, including foreign shares traded in the U.S.. at the end of March 2011.    Notice that 36 percent of the market value of shares were held by the household sector.  Our good … Continue reading →

Posted in Charts, Equities | Tagged , | 12 Comments

Debt and Leverage in Advanced Economies

Posted on June 20, 2011 by macromon

The following is one of the most comprehensive snapshots of relative debt and leverage in the major advanced economies.   The source of the table is the IMF’s Global Financial Stability Report (page 11). We find interesting that U.S. debt held … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Economics, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 3 Comments

Sino Support Levels

Posted on June 12, 2011 by macromon

The China story is under pressure and weighing on the markets.   We shall soon find out if Jim Chanos is correct and how robust the Asian economy is as credit driven bubbles begin to burst.   Watch these important weekly levels … Continue reading →

Posted in Charts, China, Global Stock Performance | Tagged , | 3 Comments

The Great QE2 Flush Out

Posted on June 10, 2011 by macromon

We’ve updated our Treasury flow charts with new data from today’s release of the Federal Reserve’s Flow of Funds Accounts.   The quarterly data are seasonally adjusted and annualized.    They reveal quite an interesting picture. In Q1 2011, the Fed’s … Continue reading →

Posted in Bonds, Budget Deficit, Charts, Dollar, Equities, Monetary Policy, Sovereign Debt | Tagged , , , , | 4 Comments

S&P500 Down First Six Days of June – Party Like It’s 1991?

Posted on June 9, 2011 by macromon

The S&P500 closed 0.42 percent lower today, the sixth consecutive down day to start the month of June.   Only once in the past 60 years has the S&P started June with six straight  lower closes.   After an 18.24 percent early … Continue reading →

Posted in Charts, Economics, Equities, Politics | Tagged , , , | 3 Comments

Lumber Prices: Leading Indicator for Private Nonfarm Payrolls?

Posted on June 2, 2011 by macromon

In the chart below we take a look at the relationship between lumber prices and private nonfarm payrolls.   Clearly they tend to move together on a monthly basis.  One of the transmission mechanisms of monetary policy is the impact … Continue reading →

Posted in Charts, Commodities, Employment, Housing | Tagged , | 4 Comments

First Trading Day of June: 1962-2011

Posted on June 1, 2011 by macromon

Today’s 2.28 percent decline in the S&P500 ranks as the second worst start of June in the past 50 years.   Since 1962 there have 29 up days and 21 down days to start the month.  The S&P closed below the … Continue reading →

Posted in Charts, Equities | Tagged , | 1 Comment

When Apple Leads, the Market Catches Fire

Posted on May 31, 2011 by macromon

Apple was up over $10 today in a rare 3 percent plus move not related to an earnings release and its biggest gain since the 3.28 percent January 24th bounce after the post earnings sell-off.   The stock was bolstered by … Continue reading →

Posted in Apple, Charts | Tagged , , , | 6 Comments