Category Archives: Equities

Don’t Fight the Bank of Japan!

Posted on November 22, 2010 by macromon

The Nikkei 225 has been flying, while the global markets are down to flat,  since the November 5th Bank of Japan announcement that it would be purchasing equity ETFs as part of its QE program (click here for our post).   … Continue reading →

Posted in Equities, Monetary Policy, Policy | Tagged , , | 1 Comment

Ireland Bailout Equal to $8.8 trillion US Equivalent

Posted on November 22, 2010 by macromon

The FT reports the Irish bailout package will total €80bn-€90bn, which is about 60 percent of the country’s $200 BN annual GDP.  Massive!   The FT writes, The bail-out is expected to total €80bn-€90bn and will include contributions from the UK … Continue reading →

Posted in Black Swan Watch, Currency, Equities, PIIGS, Politics, Sovereign Risk | Tagged , , , | Leave a comment

China Rising: THE MARKET for Exports

Posted on November 20, 2010 by macromon

We thought these charts of export markets from Barclays Capital to be very illustrious of the dynamic changes taking place in global trade.  China is becoming a larger export market than the U.S. for many countries, including Australia, Brazil, Korea, … Continue reading →

Posted in BRICs, China, Equities, Geopolitical, Policy, Politics | Tagged , , , , , , , | 4 Comments

Stat of the Day: Average Daily Return on Up Days…..

Posted on November 15, 2010 by macromon

We thought this is an interesting statistic.   Of the major equity markets we track, the Brazilian Bovespa ranks número um in terms of the average daily return on up days.  We need to do further work on this,  controlling for … Continue reading →

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10-year Treasury Bond Rate At Key Resistance

Posted on November 15, 2010 by macromon

We’ve posted several pieces on the Treasury market about the bond’s positive technicals versus poor fundamentals.   The 10-year rate is now close to  piercing through key resistance at 2.83 percent.   It is difficult to fundamentally determine why rates are moving … Continue reading →

Posted in Black Swan Watch, Bonds, Credit, Equities, Fiscal Policy, Monetary Policy, Sovereign Risk | Tagged , , | 2 Comments

Global Equity Markets Straddle Their 20-day Moving Averages

Posted on November 13, 2010 by macromon

The S&P500 bounced off 1195, its 20-day moving average on Friday to close at 1199.21, while the Shanghai composite, after rallying 23 percent since September 20, failed to hold its 20-day, closing down over 5 percent on the day. Given … Continue reading →

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China, Commodities Slammed on Tightening Fears

Posted on November 12, 2010 by macromon

Bloomberg sums it best, The Shanghai Composite dropped 4.6 percent this week, halting a six-week rally, following government reports showing inflation is accelerating and that the government may further increase rates after boosting borrowing costs last month. Consumer prices jumped … Continue reading →

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

The Historic 17%/50-day Rally. What’s Next for S&P500?

Posted on November 11, 2010 by macromon

Only twelve times in the past fifty years has the S&P500 experienced a 17 percent rally in just fifty trading days with the most recent peaking on November 5th.   This surprised us as it sure didn’t feel like we were … Continue reading →

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Jeremy Grantham CNBC Interview

Posted on November 11, 2010 by macromon

Run don’t walk to CNBC’s extended interview with Jeremy Grantham, chief investment strategist at Grantham Mayo Van Otterloo (GMO).  Click here for the interview. He begins commenting on the Fed’s attempt to stimulate growth through the  “wealth effect,” noting that … Continue reading →

Posted in BRICs, China, Commodities, Crude Oil, Currency, Equities, Gold, Monetary Policy, Policy, Whales | Tagged , , | 1 Comment

G20 Risk: “China says G20 should monitor US Fed” – SMH

Posted on November 9, 2010 by macromon

Though the ugly bond auction got the headline, there’ s no doubt part of this afternoon’s reversal in many key stocks and commodities was partially caused by concern the G20 may turn into a fiasco as members use the occasion … Continue reading →

Posted in Commodities, Equities, Gold | Tagged , , , , | Leave a comment