Category Archives: Week in Review

2018 – First Half Performance

Posted on July 1, 2018 by macromon

 

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Week In Review – June 29

Posted on July 1, 2018 by macromon

Summary Global equities finished the first half relatively weak. The S&P500 moved back and tested the bottom of the old trading range of 2700-2742.  We seriously doubt this range holds and expect lower prices unless POTUS gets religion on free … Continue reading →

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Week In Review – June 15

Posted on June 17, 2018 by macromon

Summary Friday’s markets were surprisingly resilient given the escalation of the trade wars Big recovery in Euro periphery sovereign spreads on the back of Italian FinMin’s statement backing the euro currency Angela Merkel is having big problems within her government. … Continue reading →

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Week In Review – June 8

Posted on June 9, 2018 by macromon

Summary Good week for U.S. equities with Dow outperforming Next stop on the S&P500 is 2801.90 and then the all-time high We are better sellers up there into the fall as the Fed’s balance sheet reduction steps up, which will … Continue reading →

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Week In Review – June 1

Posted on June 3, 2018 by macromon

Summary The week began with a spike in volatility on Italian politics, then again on Thursday on trade war fears Stocks remain resilient, firming up Friday with the solid employment numbers S&P500 continues to trade in a 40-point range, stuck … Continue reading →

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Week In Review – May 25

Posted on May 26, 2018 by macromon

Summary The S&P500 is trapped in a 2-week trading range between 2707 to 2742. Of note, 2742.92 is the 61.8 Fibo in the correction, 2702.78 the 50 percent level Fibo.  The 100-day moving average is also support at 2710.86.  Watch … Continue reading →

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Week In Review – May 18

Posted on May 19, 2018 by macromon

Summary Omnifarious selling in emerging markets this week and signal global liquidity is tightening up EM 10-year yields higher across the board from Mexico up 20 bps to Turkey up 125 bps Euro periphery spreads blow out. Italy 34 bps … Continue reading →

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Week In Review – April 27

Posted on April 28, 2018 by macromon

Markets were able to hold up on the back of blow out earnings from Amazon and other tech companies, finishing flattish for the week.  The S&P500 made a lower high and a  lower low compared to last week. The S&P500 … Continue reading →

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Week In Review – April 20

Posted on April 22, 2018 by macromon

Bond Yields, Bond Yields, and More Bond Yields  The U.S. 10-year closed at its highest yield on a weekly basis since year-end 2013. A weekly close above 3.03 percent signals big trouble ahead.   The confluence of fundamentals – i.e., inflationary … Continue reading →

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Week In Review – April 13

Posted on April 15, 2018 by macromon

   

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