-
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
-
Join 1,213 other subscribers
Contribute To GMM
Categories
- 3D Printing
- Agriculture
- AI
- Algos
- Apple
- Automation
- Banking
- BFTP
- Bitcoin
- Black Swan Watch
- Bonds
- Brazil
- Brexit
- BRICs
- Budget Deficit
- Capital Flows
- Cartoon of the Day
- Cashless Society
- Chart of the Day
- Charts
- China
- Clean Tech
- Climate Change
- Coach C
- Commodities
- Coronavirus
- COVID
- Credit
- Crude Oil
- Currency
- Cyprus
- Daily Risk Monitor
- Day In History
- Debt
- Demographics
- Disinflaton
- Dollar
- Earnings
- ECB
- Economics
- Economist
- Egypt
- Electric Vehicles
- Emerging Markets
- Employment
- Energy
- Environment
- Equities
- Equity
- Euro
- Eurozone Sovereign Spreads
- Exchange Rates
- Fed
- Finance and the Good Society
- FinTech
- Fiscal Cliff Monitor
- Fiscal Policy
- Food Prices
- France
- Futurist
- Game Theory
- General Interest
- Geopolitical
- Geopolitics
- German Bund
- Germany
- Global Macro Watch
- Global Reset
- Global Risk Monitor
- Global Stock Performance
- Global Trend Indicators
- Gold
- Greece
- Healthcare
- Heat Map
- Hedge Funds
- Housing
- Human Interest
- Immigration
- Impeachment
- India
- Inequality
- Inflation/Deflation
- Infographics
- Innovation
- Institutional Investors
- Interest Rate Monitor
- Interest Rates
- Interviews
- Italian Yields
- Italy
- Japan
- Jobs
- Lectures
- Macro Notes from Conference Calls
- Manufacturing
- Masters
- Mexico
- Monetary Policy
- Movies
- Muni Bonds
- Muni Market
- Natural Gas
- News
- Nonlinear Thinking
- North Korea
- Overbought Markets
- Picture of the Day
- PIIGS
- PMIs
- Policy
- Politics
- Population
- Populism
- Poverty
- President Trump
- Qunat Strategies
- Quote of the Day
- Quotes
- Rare Earth Elements
- Readership
- Reads
- Real Estate
- Relative Strength Index
- Robert Shiller
- RSIs
- S&P500
- Sector ETF Peformance
- Semiconductor prices
- Semiconductors
- Social Media
- Socialism
- Song for the Week
- Sovereign Debt
- Sovereign Risk
- Spain
- Sports
- State and Local Government
- Tail Risk
- Technical Analysis
- Technology
- The Big Reset
- The Weekend Read
- This Day In Financial History
- Trade War
- Trades
- Tweet of the Day
- Ugly Chart Contest
- Uncategorized
- US Releases
- Video
- Volatility
- Wages
- Week Ahead
- Week in Review
- Weekend Reads
- Weekly Eurozone Watch
- Whales
-
Recent Posts
Meta
Category Archives: Equities
That Was One Heckuva Streak!
Wow! Back-to-back more than 1/2 percent down days for the S&P500 ending a streak going way back to January 2016. Feels like we just landed on Mars or in the Bronx after Joe DiMaggio’s 56-game hitting streak was snapped, no? … Continue reading
Watch This Space…
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 Asset Bubbles, Equities, German Bund yields
11 Comments
Top 10 Most Expensive and Cheapest Stock Markets
… look at the table ranking the top and bottom 10 countries by PE10 valuation. The bottom features a couple of usual suspects (Russia and Greece), although in the case of Greece you might argue that earnings are now … Continue reading
Posted in Equities, Uncategorized
Tagged Cheapest Stock Markets, Most Expensive Stock Markets
Leave a comment
Rosie The Riveter Tweets A Red Flag
Note the date of James Baker’s comment. January 24th, 2018: Steven Mnuchin to Davos: "A weaker dollar is good for us as it relates to trade and opportunities.” October 17th, 1987: James Baker to the Germans: "Either inflate your mark, … Continue reading
Posted in Dollar, Equities, Uncategorized
Tagged 1987 Stock Market Crash, David Rosenberg, James Baker, Steve Mnuchin
Leave a comment
Short Sellers In A Bull Market
Ouch! I remember days like this guy is having. Shorting a market that is melting up and having the bulls gore you where the sun don’t shine is no fun! . Shorting stocks willy-nilly is a surefire beeline to … Continue reading
Posted in Equities, Global Stock Performance, Uncategorized
Tagged bull market, global stocks, Melt-up, Short sellers
9 Comments
Making The World Great Again
Maybe President Trump should not read this but last year was all about “Making The World Great Again.” Financial Markets As the data and graphs illustrate below, the U.S. stock market was in the bottom quintile of performance in dollar … Continue reading
Posted in Currency, Dollar, Equities, Uncategorized
Tagged 2017 Equity Returns, dollar, Global ETFs
Leave a comment
The Year In Review
An incredible year in the markets. Here’s a quick snapshot: Fixed-income – The high yielders significantly outperformed; – Greece 10-year yield down 300 bps in 2017; – China 10-year moved 85 bps higher to around 4 percent; – The U.S. … Continue reading
Posted in Bonds, Commodities, Crude Oil, Currency, Equities, Uncategorized, Week in Review
Tagged bonds, Commodities, Currencies, Global Markets, Performance, Stocks, Year In Review
Leave a comment
Interest Rates Starting To Bite
We have long held that interest rates have been so low (especially real rates) that it will take some time to reach a level for them to really matter and impact markets. The 2-year yield crossing over the S&P500 divie … Continue reading
Supply (lack of ) Driven Bull Market
I had an interesting conversation with an economist friend this morning about inflation and excess capacity. He sees no evidence of excess capacity in the U.S. economy, including the service sector, where he cannot find, say, a plumber for hire … Continue reading
Posted in Charts, Equities, Inflation/Deflation, Uncategorized
Tagged Asset Markets, Buybacks, IPOs, Stocks, Wages
1 Comment
Ten Year Expected Returns
Ten Year Expected Returns. Nominal returns expected for the next decade, based on valuations model, see best opportunities in the depressed $EEM stock space with an 8% return.$SPY stocks are priced at 2.6% for the next 10 years while $EFA … Continue reading
Posted in Bonds, Economics, Equities, Uncategorized
Tagged Ten Year Expected Returns, Valuation
Leave a comment
Global Macro Monitor 