Category Archives: Equities

Whatever Happened To “Buy Low, Sell High?”

Posted on November 18, 2019 by macromon

Stock prices are very high and, clearly, Warren Buffett is not a practitioner of the “greater fool theory,” which have made many a trader short-term rich and long-term poor.  Our long-term money and view (until the market breaks) is with … Continue reading →

Posted in Equities, Uncategorized, Whales | Tagged | 24 Comments

San Francisco Is The Tale Of Two Cities

Posted on October 23, 2019 by macromon

Q:  Why does San Francisco have so many homeless? A:   Because the City has so many billionaires.  I once had a Twitter war with a Canadian, who was spewing some nonsense from a wing-nut article that San Francisco was a … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , | 20 Comments

Beware Of The S&P’s Doji City

Posted on October 16, 2019 by macromon

In our Saturday post,  Heads Up! Friday’s Rare S&P Shooting Star Candlestick,  we pointed out the S&P500 had formed a rate shooting star Doji candlestick on Friday with price action that had been observed only once since 2010, last Halloween day. Run don’t … Continue reading →

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

Most Overvalued Equity Markets – IMF

Posted on October 16, 2019 by macromon

October Datafest October is always a month of feasting for us macro data junkies as the IMF releases several of their annual reports and databases, such as the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR).   We … Continue reading →

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

How Far Can The Stock Market Run?

Posted on October 14, 2019 by macromon

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , , | 75 Comments

Beware Mocking Bubbles & Bears

Posted on September 19, 2019 by macromon

Once again, seeing lots of articles and talking heads mocking bubbles and the bears, which is usually a sign a big bubble is going to burst.  The last time we saw this kind of taunting of the bears was three … Continue reading →

Posted in Equities, Uncategorized | Tagged , , | 15 Comments

The Summer Friday Ramp Into Close

Posted on August 4, 2019 by macromon

Here we go again.  The Summer Friday afternoon ramp. We posted how the S&P tends to ramp into the close in our post on Monday (see below). No different today.  The S&P had traded in a 34.44 point range high-to-low … Continue reading →

Posted in Equities, Equity, Uncategorized | Tagged | Leave a comment

A Short Stay At The Bear Trap Inn

Posted on August 2, 2019 by macromon

As we suspected in last night’s post, A break of today’s low at 2945.23 cinches a beeline move to the 50-day, where algos will likely set their bear trap and try and bounce the market.  We expect a feeble bounce at best, … Continue reading →

Posted in Economics, Equities, S&P500, Uncategorized | Tagged , , , , | Leave a comment

Why Did Stocks Fall After Rate Cut?

Posted on July 31, 2019 by macromon

Gravity.  Stock prices are waaay too high. Stocks went down not because the Fed messed up.  If they needed to cut 50 bps and signal more to come because of coming economic weakness, what in heavens name were stocks doing … Continue reading →

Posted in Equities, Politics, Uncategorized | Tagged , , | 3 Comments

Fading A China Trade Deal

Posted on July 11, 2019 by macromon

Trump is going to have to cave on some major issues as it appears China is gearing up to play hardball and is ready to rumble in the next round of negotiations.  The Ministry of Commerce announced this morning the … Continue reading →

Posted in Equities, Politics, Trade War, Uncategorized | Tagged , | 10 Comments