Category Archives: Currency

The “Catch-Up”Trade

Posted on September 30, 2010 by macromon

Interesting chart of today’s activity.  They sold the grains and bought crude, which has been a laggard.  The “catch-up” trade, where laggards outperform,  may be the theme of the markets for the next few weeks.

Posted in Bonds, BRICs, Commodities, Credit, Currency, Equities, Gold | Tagged , , , , | 3 Comments

Will the Republican “Young Guns” Lasso Gold?

Posted on September 30, 2010 by macromon

We’ve commented that an off-radar risk to gold is the hard money inclinations of the Republican leadership.  A Republican House in the next Congress is a done deal according to the prediction markets.  Intrade gives the scenario a 75 percent probability. … Continue reading →

Posted in Commodities, Currency, Geopolitical, Gold, Monetary Policy | Tagged , , , | 3 Comments

Black Swans Everywhere

Posted on September 29, 2010 by macromon

Equities are holding up well given some very ugly headlines (see below).   The markets ignored the strikes in Europe today, which is quite remarkable as it was the live CNBC video feed of the Greek riots that got the flash … Continue reading →

Posted in Black Swan Watch, Commodities, Currency, Geopolitical | Leave a comment

The 10-year sets sail for 2 percent…

Posted on September 28, 2010 by macromon

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading →

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Fresh flight to Swiss franc as Europe’s bond strains return

Posted on September 18, 2010 by macromon

The Swiss franc has surged to an all-time high against the euro on capital flight from the eurozone after Irish, Greek, and Portuguese bonds came under renewed fire. – Telegraph

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