Category Archives: Equities

Apple Sliced 6% in After Hours Trading on 14% Earnings Beat

Posted on October 18, 2010 by macromon

Wow,  a company beats earnings estimates by 14 percent and they take the stock down 6 percent.  What gives?   Yesterday we posted, Apple Needs “Big Mama” Beat to Keep the Markets Rolling, which stated given the huge stock price run-up … Continue reading →

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Apple Needs “Big Mama” Beat to Keep the Markets Rolling *

Posted on October 17, 2010 by macromon

Apple reports after the bell on Monday and we think this event will determine the direction of the risk markets over the next few weeks.  Given its recent and historic run-up into earnings, the company will have to beat estimates … Continue reading →

Posted in Equities | Tagged , , , | 12 Comments

Chinese Solar Spanked on US Trade Rep Announcement

Posted on October 15, 2010 by macromon

Holders of Chinese solar stocks got a little taste of what a trade war could feel like.  Trina Solar fell more than 9 percent as U.S. Trade Representative, Ron Kirk, announced his office has launched an investigation into the Chinese … Continue reading →

Posted in Black Swan Watch, BRICs, China, Currency, Equities, Policy, Politics, Sovereign Risk | Tagged , , , , , | 2 Comments

Krugman’s Dangerous Misreading of the Bond Market

Posted on October 14, 2010 by macromon

During his Sunday appearance (click for interview) on This Week With Christiane Amanpour, Paul Krugman spoke the words that make us very uncomfortable. Responding to French finance minister Christine Lagarde’s fiscal austerity and Alan Greenspan’s caution about further stimulus, Krugman … Continue reading →

Posted in Bonds, Commodities, Credit, Currency, Equities, Gold, Policy, Politics, Sovereign Risk | Tagged , , , | 2 Comments

Apple Closes Over $300

Posted on October 13, 2010 by macromon

Apple closed over $300 today and is now worth close to $275 BN.   How big is Apple? Its market cap is larger than 150 of the 183 countries monitored by the IMF.  This is the most important company and … Continue reading →

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“I’ve already considered that idea and rejected it.”

Posted on October 12, 2010 by macromon

We found Ezra Klein’s take on Steven Rattner’s, Overhaul, quite amusing, [Larry] Summers is also one of the book’s more amusing characters. His intellectual and managerial style are distinct enough that the index has six entries under “Larry Summers; style.” … Continue reading →

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

Rising Tide (of liquidity) Lifts All Boats

Posted on October 12, 2010 by macromon

Great chart from Active Trader of the S&P5oo correlation with other markets.  Have you noticed recently that all markets are moving together?  U.S. Treasuries, domestic and foreign stocks, Greek Bonds, EM Debt, commodities, and foreign currencies all in lockstep? This … Continue reading →

Posted in Bonds, BRICs, Commodities, Credit, Currency, Equities, Gold, Monetary Policy, News, Policy, Sovereign Risk | Tagged , , , , | Leave a comment

Let the year-end chase begin

Posted on October 11, 2010 by macromon

Great heat map of the ETF space YTD performance.   Precious metals, real estate, Hong Kong, India, and some selected Asian ETFs have been been on fire this year.  Rather than chasing the winners,  under invested capital will most likely be … Continue reading →

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Wall Street: The Speed Traders – 60 Minutes

Posted on October 10, 2010 by macromon

In case you missed the excellent 60 Minutes piece on robo/algo traders.  It’s worth the 13 minutes of your time. How Speed Traders Are Changing Wall Street Steve Kroft Gets A Rare Look Inside the Secretive World of “High-Frequency Trading”

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Rio’s $5.00 Big Macs and the Danger of Dutch Disease

Posted on October 10, 2010 by macromon

Things are getting expensive in Brazil, especially the price of a Big Mac!  Last time we were in Brazil, Big Mac’s were offered at the equivalent of $US.70 at the same time they were bid at US$2.75 in New York. … Continue reading →

Posted in BRICs, Commodities, Currency, Equities, Monetary Policy, Sovereign Risk | Tagged , , , | 3 Comments