Category Archives: Equities

Week in Review – August 18

Posted on August 20, 2017 by macromon

Stock Indices Argentina stocks up big after the ruling coalition did better than expected in primary legislative elections last Sunday.  Emerging markets generally better bid than DMs.   Europe traded better as it looks the mighty Euro is taking a rest … Continue reading →

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Transports And North Korea On The Radar

Posted on August 19, 2017 by macromon

On August 1st we warned in our post, Watch This Space – Industrials v Transports, to monitor the Dow Industrials-Transports divergence: Not as relevant as it used to be,  but something to keep on your radar.  Transports approaching 200-day moving average … Continue reading →

Posted in Equities, Geopolitical, Politics, President Trump, Uncategorized | Tagged , , , | 1 Comment

Buckled Up For Structured Criticality

Posted on August 17, 2017 by macromon

We’re baaaccck!. We warned in our last post before leaving on holiday, “Look for some large sigma event, which is always the case when we are off the desk.”    How about a vol spike caused by worries over a … Continue reading →

Posted in Algos, Equities, Uncategorized | Tagged , | 26 Comments

No Worries: Vol Not Priced For Budget Ceiling

Posted on July 31, 2017 by macromon

Do the markets price risk anymore?   That it is always inevitable when the world is awash with central bank based liquidity is not a surprise. We do see the VIX creeping back over 10 after trading with 8 handle for … Continue reading →

Posted in Equities, Fiscal Policy, Uncategorized | Tagged , , | 6 Comments

TOTD: Today’s Rare Market Feat

Posted on July 12, 2017 by macromon

This would be the 4th time in 20 years that stocks, bonds and gold all up by > 0.25% on the Fed Chair’s semi-annual testimony.  – Sentimen Trader (TOTD = Table of the Day)

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Political Scandal Makes Pakistan EM Odd Man Out

Posted on July 11, 2017 by macromon

The political scandal rocking Pakistan, where a Supreme Court investigation found evidence of possible corruption against Prime Minister Nawaz Sharif,  has taken the Karachi Stock Exchange down 17.69 percent from its May high, returning almost -10 percent for the year.   This … Continue reading →

Posted in Equities, Uncategorized | Tagged , , | 1 Comment

Global Stock Markets Monthly Comovements

Posted on July 7, 2017 by macromon

Interesting data table we put together on how the global stock indices move together on a monthly basis.  They’re ranked according to their monthly movement with S&P500.   That is the monthly return on each index has the same sign – … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 2 Comments

TOTD: Global Bear Market Checklist

Posted on July 5, 2017 by macromon

Coutesy of Citibank.    Not yet. (TOTD = Table of the Day)

Posted in Equities, Uncategorized | Tagged , , | 1 Comment

2017 First Half Key Takeaways

Posted on July 2, 2017 by macromon

Bonds  Big outperformance by local emerging markets and Euro periphery in first half.  Last week was pivotal as some bonds gave back almost entire year due to ECB hawkishness.  Watch this space.  More big moves here will determine asset trading … Continue reading →

Posted in Bonds, Commodities, Currency, Equities, Uncategorized | Tagged , , , , | 9 Comments

Volatility Returns (to the NASDAQ)

Posted on June 10, 2017 by macromon

At around 2 pm (New York) Friday, we see the Nasty (NASDAQ 100 futures) trading down over 3 percent and the Dow and S&P500 relatively flat.  The FANG stocks, including Apple, were getting shellacked I recall a few weeks ago … Continue reading →

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