Global Macro Monitor

Here are a couple of headlines from today.   You decide. 

Weekly Summary
Equities are higher, interest rates are higher, expected Fed funds are higher, credit spreads are in, and the dollar is stronger;  ergo market expectations of a stronger economy. 

COTD = Chart of the Day

This season, teams are making more field goals per game than ever— even as they’re also hitting them from more far-flung distances. Some 29% of this year’s attempts have been from 50-plus yards, far and away the most in NFL history. At the same time, 76% of those long-distance kicks have gone in, which is easily the highest percentage ever. 

Somehow kickers are becoming more accurate and more powerful at the same time. Last week alone, there were 15 tries from at least 50 yards—and 12 of them went in. – WSJ

Humans love patterns. Sometimes that’s helpful, but other times… Not so much. Apophenia is the common tendency to detect patterns that do not exist. Also known as “patternicity”, apophenia occurs when we try to make predictions, or seek answers, based on unrelated events. – nesslabs.com

“I come from a land down under
Where beer does flow and men chunder
Can’t you hear, can’t you hear the thunder?
You better run, you better take cover, yeah”  – Men At Work