Category Archives: Equities

Major Stock Index Recovery Percentages

Posted on March 2, 2018 by macromon

Upshot:  Not recovering.  EVA015 Heavy.

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Steel Yourselves

Posted on March 1, 2018 by macromon

We almost got the Jackie Moon moment – i.e., a panic sell-off – which we warned about in our early morning post if trade tariffs were announced today.   We believe a five percent one day downdraft  would constitute a Jackie Moon … Continue reading →

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JFK-Trump S&P500 Analog – Five Basis Points On Day 328

Posted on February 28, 2018 by macromon

After 328 trading days since election day, the Trump S&P500 sits right on top of the JFK S&P500.  That is the performance of the index, 328 trading days after the election day of each president, is less than five basis … Continue reading →

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Ambiguity Of The Dow’s Value: -3.3% GAAP v 10.5% non-GAAP 2017 Earnings

Posted on February 26, 2018 by macromon

One more example of the ambiguity of stock value  and why earnings are, or can be, the creature of  a company’s CFO.  This is exactly why we prefer top line metrics, such as sales and revenues.  See here for debate … Continue reading →

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Major Stock Index Recovery Percentages

Posted on February 26, 2018 by macromon
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Stocks And Bonds Now Joined At The Hip

Posted on February 25, 2018 by macromon

Market Recovery The U.S. stock market rallied Friday on the six bps decline in the 10-year Treasury yield.  The S&P500 has now recovered 63.09 percent of its peak-to-low loss.  We are looking for 2,805 on the S&P500 for a green … Continue reading →

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Textbook Progression To A Bear Market

Posted on February 21, 2018 by macromon

OK.  Not a bear market quite yet. The official level of the S&P500 for the current sell-off to morph into a bear market (down 20 percent from local high) is 2298.30, down 14.92 percent from today’s close.  The official correction … 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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…Just Like The Titanic, But It’s Full of Bears!

Posted on February 14, 2018 by macromon

Bad inflation print, bad retail print. Market had a Jackie Moon moment just after the data release and is now trying to stabilize.  Ten minutes to open.  Big test today.  Not a buyer. The S&P500 needs to hold 2612.97, the … 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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