Global Macro Monitor

JFK-Trump S&P Analog – Trading Day 356

Posted on April 10, 2018 by macromon

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JFK-Trump_Bears

Posted in Equities, Uncategorized | Tagged JFK-Trump S&P500 Analog, S&P500 | 10 Comments

How Cambridge Analytica Exploited the Facebook Data

Posted on April 10, 2018 by macromon

Tens of millions of American Facebook users had their data harvested by Cambridge Analytica and a British-based researcher. Here’s how it happened. More from The New York Times Video: Subscribe: http://bit.ly/U8Ys7n

Posted in Technology, Uncategorized | Tagged Cambridge Analytica, Facebook, NYT | Leave a comment

Nothing New In President Xi’s Speech

Posted on April 9, 2018 by macromon

President Xi said nothing in his address to the Boao Forum that hasn’t been said before. Therefore markets must be lathered up (S&P futures up as high 40 points) over Xi positioning himself as “the grown up in the room.”

If only markets were that rational and efficient. If only.

Mr Li [Keqiang] told the audience of nearly 3,000 lawmakers that China will “actively expand imports” and lower tariffs on cars, and some everyday consumer goods, but did not elaborate on what these goods are.

“We will open our market wider to promote industry upgrading and more balanced development of trade, and to provide Chinese consumers with a broader range of choices,” he added. – The Straits Times, March 5, 2018

Posted in China, Uncategorized | Tagged auto tariffs, China, President Xi, speech | Leave a comment

Mexico: Obrador holds 11-point lead

Posted on April 9, 2018 by macromon

MEXICO CITY – Mexican leftist candidate Andrés Manuel López Obrador has a nearly 11 percentage point lead over his closest rival ahead of the July presidential election, a poll published by newspaper El Universal on Monday showed.

López Obrador has capitalized on deep unhappiness with widespread violence and corruption to fashion a commanding lead in the race for the next president, and has been striving to strike a balance between appealing to his leftist base and business leaders, who fear he could destabilize the economy.

The poll found that 42 percent of respondents say they would vote for López Obrador, a former mayor of Mexico City who has twice failed in presidential bids. He enjoys a lead of 10.9 percentage points over Ricardo Anaya, who leads a right-left coalition. – NBC News

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Posted in Mexico, Politics, Uncategorized | Tagged El Universal, Mexico, Obrador, Polls, Presidential Election | Leave a comment

Tweet of the Day: Russian Sanctions

Posted on April 9, 2018 by macromon

Russia's RTS index in USD fell 11.4% today. https://t.co/dPvacU0N7k

— Anders Åslund (@anders_aslund) April 9, 2018

Word from a businessman in Moscow today: "the sanctions have hit home to say the least. There is a sense of confused panic here. Anyone who says sanctions don’t work or matter – should be here today."

— Anders Åslund (@anders_aslund) April 9, 2018