Category Archives: Week in Review

Week in Review: How Low?

Posted on August 21, 2011 by macromon

How low for the S&P500?  We don’t know but doubt the lows for year are in.  The next big Fib is the 38.2% retracement of March ’09 lows at 1101.73.   That is the big number to watch.  Next would be … Continue reading →

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Week in Review: Can the European Center Hold?

Posted on August 14, 2011 by macromon

What a week.  What a year.  Who would have predicted that U.S. bonds, even in foreign currencies and a sovereign downgrade, would be outperforming the BRIC equity indices and copper by several hundred basis points in mid-August?   Stunning and a … Continue reading →

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Week in Review: “The End of Fake”

Posted on August 7, 2011 by macromon

We have no idea how the S&P downgrade of the U.S. is going to play out but one thing that does come to mind is the “end of fake.”  The end of fake demand generated by monetary and fiscal stimulus … Continue reading →

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Week in Review: Deal, Now What?

Posted on July 31, 2011 by macromon

Almost everything that happened last week is irrelevant given what looks like a U.S. debt deal.  What we’re watching is how the relief rally holds and whether the Friday’s poor GDP data was a game changer.  Looking under the surface … Continue reading →

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Week in Review: The Realpolitik of Debt

Posted on July 24, 2011 by macromon

The S&P500 closed Friday near the top of its trading range and just a little more than 1 percent below its  post crash closing high of 1361.22 on the back of some decent earnings — and an Apple blowout — … Continue reading →

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Week in Review: It’s the Politics, Stupid!

Posted on July 17, 2011 by macromon

The direction of markets this week will be determined by the politics of debt, both  in Brussels and Washington    We are expecting some decent volatility as the markets begin to price the negative scenarios.  Given the unpredictability of politics, … Continue reading →

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Week in Review: Tremors of a Major “Euroquake”

Posted on July 10, 2011 by macromon

Not much to say as the employment numbers dumped cold water on the equity rally.  The markets, especially Apple,  did show some impressive resilience on Friday, but we’re still maintaining equities are at the top end of their range.   … Continue reading →

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Week in Review: Equity Fireworks

Posted on July 4, 2011 by macromon

It’s amazing what a week makes.   Almost every American, Latin America and European equity market indices we track had their best weekly performances of the year.   The S&P500 ETF, SPY, for example, had five straight up days of over .85%, … Continue reading →

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Week in Review: Euro Contagion and Greek Rollovers

Posted on June 26, 2011 by macromon

Short and sweet commentary tonight as last week really didn’t resolve much.  The S&P500 met tough resistance and was rejected twice at the 1298-99 level.  Though the index made a higher low and higher high, it closed Friday just a … Continue reading →

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Week in Review: Happy Father’s Day!

Posted on June 19, 2011 by macromon

After another testy week for the global markets the major U.S. equity indices currently sit right at support around their 200-day moving averages.  The NASDAQ pulled down by weakness in Apple and Google closed the week below its 200-day for … Continue reading →

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