Category Archives: Equities

Day of the Week Effect: Can “MF Monday” Shake Its Slump?

Posted on December 12, 2010 by macromon

Not that MF Monday!  Traders like to muse over the “Day of the Week Effect”, particularly, “Mutual Fund Monday”, where convention posits that since the crisis, the S&P5oo performs better on Mondays than other days.   The thesis is that mutual … Continue reading →

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

U.S. Equities Gettin’ Jiggy…No Love for the Haters

Posted on December 10, 2010 by macromon

The Christmas Ramp continues as stocks remain firmly bid even going into this weekend’s monetary event risk in China.   There’s a whiff of panic as under allocated investors watch the markets runaway and refuse to correct (see chart below). The … Continue reading →

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Shanghai Watch

Posted on December 9, 2010 by macromon

We’re are watching to see if the Shanghai Composite can hold its 200-day moving average right around 2,800.  There is widespread speculation the People’s Bank of China will raise interest rates this weekend for the second time in the tightening … Continue reading →

Posted in China, Commodities, Crude Oil, Equities, Monetary Policy | Tagged , , , | Leave a comment

Apple in Santa’s Bag

Posted on December 9, 2010 by macromon

The global frenzy for Apple products show no signs of letting up.  This is the best company in the world and not just a game changer, but defining the culture for younger generations.  The stock has been trading in $300-320 … Continue reading →

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December 7th – A Rate Move Which Will Live In Infamy

Posted on December 7, 2010 by macromon

CNBC puts an interesting spin on the stock market sell-off and reversal in almost all commodities today, blaming the SEC insider trading probe.  We have a different view, believing it was the historic rise in long-term rates. Today’s 23 bps … Continue reading →

Posted in Black Swan Watch, Bonds, Budget Deficit, Charts, Commodities, Credit, Crude Oil, Economics, Equities, Fiscal Policy, Gold, Politics, Sovereign Risk | Tagged , , | 3 Comments

China Rate Hike This Weekend?

Posted on December 6, 2010 by macromon

The China Securities Journal, not citing a source,  says the timing is right for a rate hike this weekend.  It would be the second of the current tightening cycle.   Reuters reports, “With reference to the central bank’s record of … Continue reading →

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IMF – U.S. monetary policy drives global stock prices

Posted on December 6, 2010 by macromon

A recently published paper by the International Monetary Fund (IMF) found that U.S. monetary policy shocks drive global stock market prices. (click here for paper) The International Business Times sums up the study, When the Fed tightens (loosens) monetary policy, … Continue reading →

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The Christmas Ramp

Posted on December 1, 2010 by macromon

Here’s a look at the YTD performance of U.S. stocks.  December is shaping up for a year-end ramp as many dedicated funds are under allocated and under performing their benchmarks in a big way.  The S&P500 held its 50-day moving … Continue reading →

Posted in Equities | Tagged , , , | 1 Comment

Will It Hold?

Posted on November 30, 2010 by macromon

China ‘s PMI came in at 55.2 from 54.7 in October, better than expected.  The reports also showed input prices surging, however, reinforcing expectations that interest rate hikes are imminent.   The Shanghai Composite is right at its 200-day moving average … Continue reading →

Posted in China, Equities | Tagged , | 1 Comment

Equity Bulls Battle on Two Fronts

Posted on November 28, 2010 by macromon

The slow improvement of the U.S. economy, reflected in weekly jobless claims, coupled with QE2 is providing an underlying bid to the equity market, which is surprising to many, given the increasingly ugly global macro picture.  On the Western Front, … Continue reading →

Posted in China, Commodities, Currency, Equities, Geopolitical, Japan, PIIGS, Rare Earth Elements, Sovereign Debt, Sovereign Risk | Tagged , , | 1 Comment