Tag Archives: Macro Swans

Swan Lake – June 18

Posted on June 18, 2018 by macromon

Same story, different day. Euro periphery continues to recover with short-end outperforming. EM LatAm currencies stable x/ Brazil.   South Africa lower. Brazil and Mexican stocks lower.    

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Swan Lake – June 14

Posted on June 14, 2018 by macromon

The Global Macro Monitor defines “macro swan” as any global macroeconomic or financial event with the capacity to spill over into world markets causing risk aversion and lower asset prices.  – GMM The Euro periphery continued to rebound.  The big news … Continue reading →

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Swan Lake – June 13

Posted on June 13, 2018 by macromon

The Global Macro Monitor defines “macro swan” as any global macroeconomic or financial event with the capacity to spill over into world markets causing risk aversion and lower asset prices.  – GMM The Euro swans continue to stabilize.   Barry Eichengreen out … Continue reading →

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Swan Lake – June 12

Posted on June 12, 2018 by macromon

The Global Macro Monitor defines “macro swan” as any global macroeconomic or financial event with the capacity to spill over into world markets causing risk aversion and lower asset prices.  – GMM Euro sovereign spreads were stable today.  The Italy … Continue reading →

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Swan Lake – June 11

Posted on June 11, 2018 by macromon

We are not discussing any proposal to exit the euro. The government is determined to avoid the materialisation of market conditions that push us towards an exit in any way.  –  Giovanni Tria,  Italian finance minister, June 11 Italian and Euro … Continue reading →

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Swan Lake – June 7

Posted on June 7, 2018 by macromon

The swans were restless and a bit weaker today. Italy 10-year is blowing out again, now just ten bps below May 29th closing high of 3.16 percent.  The yield curve in Italy continues its re-flattening, as shorts seem to be … Continue reading →

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Swan Lake – June 6

Posted on June 6, 2018 by macromon

The swans were relatively well behaved today.  Watch Brazil. Significant move in Italian 2-year, up 35 bps, resulting in big curve flattener.  Yields up across the board in Europe as ECB making noises QE is about to change. Mario Draghi … Continue reading →

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Swan Lake – June 5

Posted on June 5, 2018 by macromon

Swans behaving badly + VIX down = Complacency reigns  

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Swan Lake – June 4

Posted on June 4, 2018 by macromon

The recovery in the European periphery continues. Sell-offs when markets are in bullish mode now seem to act as an centripetal force to move financial assets back to their central point of bullish with great velocity.  Similar to a gravity … 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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