Category Archives: Equities

The Three Legs of the Q4 Melt-up

Posted on October 5, 2010 by macromon

1)  Under allocated investors… 2)  Expectation of a Republican victory in the  November election… 3)  The Flood of Liquidity unleashed by ultra-loose global monetary policy… “The Bank of Japan will encourage the uncollateralized overnight call rate to remain at around … Continue reading →

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The Ketchup Trade

Posted on October 1, 2010 by macromon

We spoke yesterday how the “catch-up” trade, where laggards outperform,  may be the theme of the markets for the next few weeks.”  So far, so good.  They took the dawgs of Q3, the financials and the oils,  today.  Heinz (HNZ) … Continue reading →

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John Bull’s Tsunami of Dollars Flood the Copacabana

Posted on October 1, 2010 by macromon

We have written how “the tide of yield seeking capital flows will surge” as John Bull can stand many things, but he can’t stand two zero percent. One recipient of John Bull’s dollars (managed by PIMCO)  is the Brazilian bond … Continue reading →

Posted in Bonds, BRICs, Commodities, Currency, Equities | Tagged , , , , , , | 5 Comments

The “Catch-Up”Trade

Posted on September 30, 2010 by macromon

Interesting chart of today’s activity.  They sold the grains and bought crude, which has been a laggard.  The “catch-up” trade, where laggards outperform,  may be the theme of the markets for the next few weeks.

Posted in Bonds, BRICs, Commodities, Credit, Currency, Equities, Gold | Tagged , , , , | 3 Comments

Solar “Death Ray” Burns Lawyer. Stocks Up Big!

Posted on September 29, 2010 by macromon

Wow!  This sounds like something out of Shakespeare Star Wars.   The Daily Tech reports, Hotel Accidentally Makes Solar “Death Ray,” Burns Lawyer… Bill Pintas was vacationing in Las Vegas when he decided to stay at the swank new Vdara … Continue reading →

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What is Spec? Baby, don’t hurt me, don’t me. No more!

Posted on September 29, 2010 by macromon

Molycorp (MCP) and the rare earthers are getting hammered again today on reports that China has lifted the ban on REEs to Japan.   [Schrödinger’s] cat is out the bag and to think it is business as usual is complete nonsense.   … Continue reading →

Posted in China, Commodities, Equities, Gold, Rare Earth Elements | Tagged , , | 1 Comment

Pension Funds Under Allocated to Equities – Fuel for Rally?

Posted on September 28, 2010 by macromon

Just a quick post of an interesting chart we constructed after a night of data crunching.  This is preliminary analysis as we still need to look at flows versus valuation effects, and the data should also be viewed with a … Continue reading →

Posted in Bonds, Credit, Equities | 3 Comments

The New Gold Rush?

Posted on September 28, 2010 by macromon

Rare Earth (REE) stocks,  including Molycorp,  got hammered today and we added a little to our position.  These  stocks are over extended as most are up over 100 percent in the past month. We believe this story has legs and … Continue reading →

Posted in Black Swan Watch, China, Commodities, Equities, Geopolitical, Gold, Rare Earth Elements | Tagged , | 3 Comments

The 10-year sets sail for 2 percent…

Posted on September 28, 2010 by macromon

The 10-year closed at 2.46 percent today, a 20-month low,  on the back of weak consumer confidence.  Bond buyers and traders hear the horn of QE2 and anticipate a  [Kentucky] FED take-out at higher prices. Stocks up,  commodities x/grains up,  … Continue reading →

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Rare Earth Day

Posted on September 27, 2010 by macromon

Rare Earth Elements (REE) have shown up on our radar as shares of Molycorp (MCP), one of the largest and only producers outside China,  has doubled in the past month.   REEs have no substitutes and are critical material inputs for … Continue reading →

Posted in Black Swan Watch, China, Commodities, Equities, Geopolitical, Rare Earth Elements | Tagged , , , | 2 Comments