Category Archives: Fiscal Cliff Monitor

Cliff Diving – Day 12: Give ’em Hell, Harry!

Posted on November 27, 2012 by macromon

Geez, we’re off the desk for less than 12 hours and the Senate Majority Leader (SML) takes an ugly stick to the stock market.   Far from the trading action, but here’s our read Reid. Let’s start with Harry talking to … Continue reading →

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Cliff Diving – Day 11

Posted on November 26, 2012 by macromon

Resilient. After last week’s low volume ramp, stocks were prepared to be flogged by the bears.  Two hours into trading and a 10-point flop in the S&P500,  the selling dried up and, led by Apple (+ 3.15 percent),  stocks began … Continue reading →

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Cliff Diving – Day 10

Posted on November 23, 2012 by macromon

What fiscal cliff? The markets seem to have ignored it – the S&P500 has ramped over 65 points from last Friday’s low, albeit on very low volume.  Furthermore, Dan Clifton over at Strategas notes, Since the election, the number of … Continue reading →

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Cliff Diving – Day 8

Posted on November 21, 2012 by macromon

Watching paint dry!  Boring market. Equities moved a little higher on the back of the Israeli/Hamas cease-fire announcement.  It’s easy to get ground up trying to trade such a directionless market.   No volume, but, still, the market is holding its … Continue reading →

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Negotiating the Fiscal Cliff w/ Infographics

Posted on November 21, 2012 by macromon

On Monday we noted the cheeky tweet sent out by House speaker,  John Boehner, asking where were the President’s spending cuts.   We just received this through a robo e-mail from Obama for America. We’re starting sense the Kumbaya good feelings … Continue reading →

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Cliff Diving – Day 7

Posted on November 20, 2012 by macromon

Bernanke speaks.  Stocks tank.  Buyers step in.  Market closes unched. Stocks got spanked during Chairman Bernanke’s speech to the New York Economic Club but managed to claw back losses,  to close, essentially, unchanged.   Bonds and gold got whacked on possible … Continue reading →

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Cliff Diving – Day 6

Posted on November 19, 2012 by macromon

No politician, no cry. The President is out of country and Congress is not in session.   Though Speaker Boehner tweeted a cheeky remark about where’s the President’s spending cuts,  all was quiet at the edge of the fiscal cliff. … Continue reading →

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Cliff Diving – Day 5

Posted on November 16, 2012 by macromon

Nice stock bounce almost instantly after the four Congressional leaders emerged from their meeting with President at the White House.   “Constructive” is the word. The S&P500 put in a bullish outside day – lower low and higher high than … Continue reading →

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Bono Gets Vertigo Over Fiscal Cliff

Posted on November 15, 2012 by macromon

We love this guy. The WSJDigitalNetwork reports, U2 singer Bono says spending cuts that hit in January would devastate programs to help the world’s poor, leading to more than 60,000 deaths. “There’s real jeopardy,” Bono said Wednesday at the World … Continue reading →

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Cliff Diving – Day 4

Posted on November 15, 2012 by macromon

Stocks continued their slow sell-off today.  The S&P500 did, however,  hold the key level of 1346.1,  the .618 Fibbonaci retracement level of the June 4 to Sept 14 rally.  The index closed 5 points off the 1348.05 low at 1353.33.   … Continue reading →

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