Category Archives: Uncategorized

Yield Spike

Posted on January 4, 2019 by macromon

We highlighted the potential risk in our post yesterday, Druckenmiller On Bonds If you listened to the Druckenmiller interview we posted on New Year’s Day,  he thrives in bear markets, not by shorting stocks but being long bonds.  Shorting stocks … Continue reading →

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Opening China Shanghai ETF Trade

Posted on January 4, 2019 by macromon

Taking some ASHR, the Xtrackers Harvest CSI 300 China A ETF at $22.20 for a short-term trade going into next week’s trade negotiations.  Our sense is Trump and Xi are under enormous pressure to generate a positive outcome, or at … Continue reading →

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Apple Closes Just Inside Red Zone

Posted on January 4, 2019 by macromon

The Apple bulls, if any still exist, now have their work cut out as the stock closed just a penny inside the red zone.   The 200-week moving average also looms large as short-term support at $141.82. The time for a … Continue reading →

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That’s America!

Posted on January 4, 2019 by macromon

What a great story. 23 years ago, from a refugee camp in Kenya, my father and I arrived at an airport in Washington DC. Today, we return to that same airport on the eve of my swearing in as the … Continue reading →

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Adding To Britsh Pound Trade

Posted on January 3, 2019 by macromon

Taking cable right here at 1.2670 (March).   Stop at 1.2470.    Target 1.35. Looking for positive BREXIT news: either Corbyn caves and supports a new referendum or soft BREXIT potential emerges.  We do recognize the risk of big volatility to the … Continue reading →

Posted in Currency, Trades, Uncategorized | Tagged | 2 Comments

S&P500 Key Levels

Posted on January 3, 2019 by macromon

Stocks were hit with a double punch with the Apple warning and this morning’s weak ISM data (see table).  The S&P took out all its hard work since the Christmas Eve tank to close at its post-Christmas low. We’re not … Continue reading →

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‘Toon of the Day: Come on in, 2019, the sand’s fine

Posted on January 3, 2019 by macromon

The Palm Beach Daily News captures the global market and political zeitgeist at the start of the New Year in their hilarious ‘toon. Hmmm…who does that Wall Street baby look like? Hat Tip:  David Wilson  

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Current iPhone Prices

Posted on January 2, 2019 by macromon

Hmm…  Wonder if the X Max price is hedonically adjusted to compensate for its superior technology to show there really has been no iPhone price inflation? Hedonic quality adjustment is one of the techniques the CPI uses to account for changing … Continue reading →

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The fall of FAANG (and other thoughts)

Posted on January 2, 2019 by macromon

FANGs haunted by worries over a “Splinternet.” Rana is very good.  Her book, Makers and Takers: How Wall Street Destroyed Main Street,  is a must read,  especially the chapter on how private equity, including the current Secretary of Treasury, dubbed The Foreclosure … Continue reading →

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S&P500 Key Levels

Posted on January 2, 2019 by macromon

Wow!  What a wild start to the year. The S&P futures have already traveled 133 points with only one cash session under its belt.  That is equivalent to 5.3 percent of the index. The futures are down almost 30 points … Continue reading →

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