Global Macro Monitor

The Mouse House Breaks Out

Posted on October 22, 2013 by macromon

Look closely at Disney’s stock and you will see cup and handles within cup and handle patterns.

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Posted in Uncategorized | Tagged cup and handle, Disney | Leave a comment

U.S. Employment Situation – September 2013

Posted on October 22, 2013 by macromon

Total nonfarm payroll employment rose by 148,000 in September, and the unemployment rate was little changed at 7.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in construction, wholesale trade, and transportation and warehousing. – BLS

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Posted in Employment | Tagged employment, Nonfarm Payrolls, Unemployment | Leave a comment

Apple Breaks Out

Posted on October 21, 2013 by macromon

Nice to see one of our old faves trading better. We sense Apple may become a “laggard of choice” as institutional investors look for ways to play catch up in their performance.

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Daily Risk Monitor – October 21

Posted on October 21, 2013 by macromon

Click on table to enlarge and for better resolution

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Posted in Daily Risk Monitor | Tagged bonds, Currencies, Global Equities, Stocks | Leave a comment

U.S. Sector ETF Performance – October 21

Posted on October 21, 2013 by macromon

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Posted in Sector ETF Peformance | Tagged bonds, Currencies, Stocks | Leave a comment

China’s rebound looks unsustainable – FT

Posted on October 20, 2013 by macromon

The FT delivers up some chum for the Panda bears. Self included.

China’s growth rate rose back to 7.8 per cent in the third quarter, but according to Liu Li-Gang, ANZ’s chief China economist, that growth still relies on investment more than consumption and the rebound is unlikely to continue.

He tells the FT’s Josh Noble that local government debt is a big potential problem and that he expects reforms to come out of next month’s political gathering in Beijing.

For more video content from the Financial Times

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Posted in China | Tagged China, Economy, FT | Leave a comment

QOTD: Greenspan on Market Psychology

Posted on October 19, 2013 by macromon

He [Greenspan] concluded that fear has at least three times the effect of euphoria in producing market gyrations. “I wouldn’t have dared write anything like that before,” he says.
– Wall Street Journal, October 18