U.S. Sector ETF Performance – December 17

Posted on December 17, 2013 by macromon

ETF_DayETF_Q4ETF_YTD(click here if charts are not observable)

Posted in Sector ETF Peformance | Tagged , | Leave a comment

You’ve come a long way, China!

Posted on December 17, 2013 by macromon

Wow, this really hits home just how far China has come over the past four decades.

In their book Red Capitalism, the authors write that Deng Xiaoping led a large Chinese delegation in 1974 to a special session of the United Nations.  Just before departing,

…the entire central government, so the story goes, made a frantic search through all the banks in Beijing for funds to pay for the trip.  The cupboard was bare: they could scrape together only US$38,000.   This was the first time a supreme leader of China, virtually the Last Emperor, had visited America; if he couldn’t afford first-class international travel, just where was the money to support China’s economic development to come from?  – Red Capitalism

Less than forty years later the Chinese are landing on the moon.   Stunning!

China’s first moon rover, Yutu, or Jade Rabbit, separated from the lander early on Sunday, several hours after the Chang’e-3 probe soft-landed on the lunar surface. –EuroNews

(click here if video is not observable)

Posted in China, Video | Tagged , , | 1 Comment

Daily Risk Monitor – December 16

Posted on December 16, 2013 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table is not observable)

Posted in Daily Risk Monitor | Tagged , , , , | Leave a comment

U.S. Sector ETF Performance – December 16

Posted on December 16, 2013 by macromon

ETF_DayETF_Q4ETF_YTD(click here if charts are not observable)

Posted in Sector ETF Peformance | Tagged , | Leave a comment

The Week Ahead – Minyanville

Posted on December 14, 2013 by macromon

Minyanville provides a great synopsis of the week ahead.

Next week the main event will be Wednesday’s FOMC meeting. Expectations that the Fed will cut back its asset purchase plan have changed — many believe the taper will be announced at next week’s meeting instead of in March, as had been anticipated. Additionally, it is expected that the Fed will strengthen its forward-guidance-policy tool by lowering the unemployment-rate threshold or adding other quantiative metrics to it.

The consumer price index will be released on Tuesday morning. Economists are expecting prices to accelerate to an annual rate of 1.3% in November from 1.0% in the prior month. Other notable economic reports scheduled for the coming week are September through November housing starts, existing home sales, and the final estimate of third-quarter US GDP.

In the coming week, the Bank of Japan will update its target for expanding the monetary base in 2014. Additionally, the Reserve Bank of India will issue its monthly monetary policy statement. Lastly, China and Europe will release preliminary estimates of December manufacturing activity.

FedEx (NYSE:FDX) will be the first company to report fourth-quarter earnings along with Oracle (NASDAQ:ORCL) and Nike (NYSE:NKE).

Click here for full calendar.

Posted in Economics | Tagged , | Leave a comment

Weekend Lecture: Larry Summers on Charlie Rose

Posted on December 13, 2013 by macromon

Charlie Rose

Larry Summers of Harvard University on the economy.

Click here for interview

Larry Summers

(click here if picture is no observable)

Posted in Lectures, Video | Tagged , | Leave a comment

Sector ETF Technical Analysis – December 13

Posted on December 13, 2013 by macromon

Note the breakage of the 20-day moving averages.

ETF_20dayETF_50dayETF_200day(click here if charts are not observable)

Posted in Sector ETF Peformance | Tagged , | Leave a comment

Daily Risk Monitor – December 13

Posted on December 13, 2013 by macromon

Click on table to enlarge and for better resolution

RiskMon_1RiskMon_2RiskMon_3(click here if table is not observable)

Posted in Daily Risk Monitor | Tagged , , , , | 1 Comment

U.S. Sector ETF Performance – December 13

Posted on December 13, 2013 by macromon

ETF_DayETF_Q4ETF_YTD

click here if charts are not observable)

Posted in Sector ETF Peformance | Tagged , | Leave a comment

The Wall Street Code

Posted on December 13, 2013 by macromon

This is fascinating and enlightening.

A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer.

From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?

(click here if video is not observable)

Posted in Video | Tagged , , | 1 Comment