Category Archives: Uncategorized

Feels Like Jackie Moon Moment Coming

Posted on March 1, 2018 by macromon

Markets are going to start to fret over potential trade wars after steel and aluminum tariffs are announced by Trump Administration. Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy … Continue reading →

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Charles Dickens 2.0

Posted on March 1, 2018 by macromon

This is a f**ling outrage!  Straight out of a Dickens novel. Don’t these idjits understand they are sowing the seeds for a mega-mega political backlash?    Can you hear Karl calling?  Or is that Marie trolling us? Rex Iverson committed suicide … Continue reading →

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POTD: DoJ Flipping Off The President?

Posted on February 28, 2018 by macromon

It is heating up, folks.  Keep it on your radar. Scoop: Besieged Sessions dines with Rosenstein If Donald Trump finally follows through on his rage and fires Jeff Sessions, the image with this story will be printed in history books. Tonight … Continue reading →

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JFK-Trump S&P500 Analog – Five Basis Points On Day 328

Posted on February 28, 2018 by macromon

After 328 trading days since election day, the Trump S&P500 sits right on top of the JFK S&P500.  That is the performance of the index, 328 trading days after the election day of each president, is less than five basis … Continue reading →

Posted in Equities, Uncategorized | Tagged | 25 Comments

QOTD: On Fed Chair, Jay Powell

Posted on February 27, 2018 by macromon

Larry Kudlow just on CNBC quoting President Trump after interviewing Jay Powell for the Fed chair: “The guy looks like a central banker.” – President Trump (via Larry Kudlow) (QOTD = Quote of the Day)

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Semiannual Monetary Policy Report to the Congress

Posted on February 27, 2018 by macromon

February 27, 2018 Semiannual Monetary Policy Report to the Congress Chairman Jerome H. Powell Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Chairman Hensarling, Ranking Member Waters, and members of the Committee, I am pleased to … Continue reading →

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Ambiguity Of The Dow’s Value: -3.3% GAAP v 10.5% non-GAAP 2017 Earnings

Posted on February 26, 2018 by macromon

One more example of the ambiguity of stock value  and why earnings are, or can be, the creature of  a company’s CFO.  This is exactly why we prefer top line metrics, such as sales and revenues.  See here for debate … Continue reading →

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Who Is Financing The U.S. Budget Deficit?

Posted on February 26, 2018 by macromon

In case you missed it in our last post, here’s an interesting chart illustrating how the U.S. budget deficit has been funded since 2010 on a quarterly basis.  The data are annualized. During QE2 and QE3, from Q4 2010 to Q4 … Continue reading →

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Major Stock Index Recovery Percentages

Posted on February 26, 2018 by macromon
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Stocks And Bonds Now Joined At The Hip

Posted on February 25, 2018 by macromon

Market Recovery The U.S. stock market rallied Friday on the six bps decline in the 10-year Treasury yield.  The S&P500 has now recovered 63.09 percent of its peak-to-low loss.  We are looking for 2,805 on the S&P500 for a green … Continue reading →

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