Category Archives: Equities

Quote of the Day: Stock Gurus

Posted on June 14, 2011 by macromon

The secret to being a stock market guru isn’t to be correct but to make very loud and frequent predictions. As soon as the market moves in your direction you proclaim victory. The key is to make sure that no … Continue reading →

Posted in Equities, Quote of the Day, Quotes | Tagged , | 3 Comments

Hang Seng Falls 7th Straight Day

Posted on June 10, 2011 by macromon

We take notice when the Hang Seng speaks as it is one of our indicator species for global risk appetite.  The index closed down for the seventh consecutive day, which has initially happened only 14 times since 1987, and is … Continue reading →

Posted in Black Swan Watch, Equities, Global Stock Performance | Tagged , | 2 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

S&P500 Numerology

Posted on June 6, 2011 by macromon

U.S. equities continued their downtrend with the S&P500 closing off 1.08 percent on the day.   The chart below illustrates how the mid-day hard sell-off in Apple took the S&P500 with it (see here for Apple’s leadership role).   The market was … Continue reading →

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

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

74% of SPY Gap Open Filled!

Posted on May 31, 2011 by macromon

A quick update on our earlier post on today’s S&P500 gap open.  The SPY made an  intraday low of $133.84 after its 0.93 percent gap up at the open at $134.77.  This closed 74 percent of the gap, consistent with … Continue reading →

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Fading the Open

Posted on May 30, 2011 by macromon

The overnight markets are all lathered up and maybe offside on the Greece bailout news (haven’t we seen this picture before?)  so we thought we’d take a quick look at gap up opens in the SPY (S&P500) ETF.   Since … Continue reading →

Posted in Equities | Tagged , , , | 2 Comments

All Major Global Equity Markets Close Below Their 50-day M.A.

Posted on May 23, 2011 by macromon

What a difference a trading day makes.   As of Friday’s close only seven of the fourteen major global indices that we track were below their 50-day moving averages.  As of today, they all are.  The S&P500,  Dow (just barely),  Nasdaq,  … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , , , | 3 Comments

Did the Gold/Silver Ratio Signal Risk Off?

Posted on May 23, 2011 by macromon

Many have written about the gold/silver ratio as a leading indicator of risk and equity appetite (see here and here) so we won’t take your time explaining the relationship.   We do point out in our chart the speculative blow … Continue reading →

Posted in Black Swan Watch, Charts, Equities, Global Stock Performance, Gold | Tagged , , , | 2 Comments