Category Archives: Uncategorized

COTD: Apple’s Global Supply Chain

Posted on December 4, 2019 by macromon

COTD:  Chart of the Day Maybe a bit dated but you get the picture, no surprise, China dominates the supply chain, which also includes fabs.  Apple is very exposed to a protracted or forever trade war and deterioration of the global … Continue reading →

Posted in Apple, Uncategorized | Tagged , | Leave a comment

Getting Narrow Up Here

Posted on December 3, 2019 by macromon

$AAPL and $MSFT have together attributed 35% of the total gain in the $NDX this year. 2/106 stocks over 1/3 the gain. A lot will weigh on them for indexers in 2020 — Thomas Thornton (@TommyThornton) December 3, 2019   … Continue reading →

Posted in Uncategorized | 1 Comment

If Facts Mattered…….

Posted on December 3, 2019 by macromon

The just-released phone logs in the House Intel report would be a nuclear bombshell and could potentially take down a government.   Unless, of course, Rudy is working on a balanced budget amendment with the OMB. Democracy cannot survive if facts … Continue reading →

Posted in Uncategorized | Leave a comment

American Democracy In A Bear Market

Posted on December 2, 2019 by macromon

…As partisans have drifted apart geographically and ideologically, they’ve become more hostile toward each other. In 1960, less than 5 percent of Democrats and Republicans said they’d be unhappy if their children married someone from the other party; today, 35 … Continue reading →

Posted in Fed, Politics, Uncategorized | Tagged , , , | Leave a comment

Manufacturing Sector Contraction Continues, Led By New Orders – ISM

Posted on December 2, 2019 by macromon

Of the 18 manufacturing industries, five reported growth in November: Apparel, Leather & Allied Products; Food, Beverage & Tobacco Products; Paper Products; Miscellaneous Manufacturing; and Computer & Electronic Products. (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in November, and … Continue reading →

Posted in Economics, Uncategorized | Tagged , , | Leave a comment

S&P’s Great Run…What Next?

Posted on December 1, 2019 by macromon

The S&P500 price index is up 25.30 percent going into December, the 9th best performance for the index from January to November since 1950.   What makes this year’s rally unique to the prior big years is that it launched from … Continue reading →

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

Ten Facts About Inequality In Advanced Economies (AE) — PIIE

Posted on November 28, 2019 by macromon

Very good discussion on the inequality landscape in the AEs.  We know it ain’t no Tik-Tok video but it’s a good investment of your time to learn something more about what is important and going to drive the political economy … Continue reading →

Posted in Inequality, Uncategorized | Tagged , , | Leave a comment

The Parable Of The Good Salvadoran

Posted on November 26, 2019 by macromon

It was just past midnight on a Saturday night when the pastor of a popular urban city megachurch, Reverend Jerry Graham Jr., had just finished the bulletin on the billboard sign located on the lawn outside the large modern church … Continue reading →

Posted in Uncategorized | Tagged , | 1 Comment

Discipline Trumps Conviction

Posted on November 25, 2019 by macromon

Today’s close above 3125 takes us out of our short position, which we started scaling into at 3025.  We are still fairly confident that this market can be bought at much lower prices at some point in the next 18 … Continue reading →

Posted in Economics, S&P500, Uncategorized | Tagged | 5 Comments

Party Like It’s 1999

Posted on November 22, 2019 by macromon

Geez…all roads seem to lead to skewed distributions, be it: 1) household wealth ;  2) excess reserves held by a few large SIFI banks, and, 3) stock market returns (narrow breadth).   Not healthy. Handy graphic from #EvercoreISI showing highly-concentrated returns … Continue reading →

Posted in Uncategorized | Leave a comment