Tag Archives: S&P500

Another S&P500 Streak Snapped

Posted on April 1, 2018 by macromon

The first quarter ends with another snapped streak for the S&P500. Going into Q1, the S&P500 had delivered positive returns for 16 consecutive quarters or four straight years. The chart illustrates how rare the streak has been over the past half … Continue reading →

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The JFK-Trump S&P Analog Roadmap – BTFFD

Posted on March 27, 2018 by macromon

We have had lots of requests to update our JFK-Trump S&P500 analog.  Here you go. The Kennedy-Trump S&P500 analog is tracking, on a directional basis, relatively well, with the Trump S&P now 3.56 percent below the JFK S&P, 347 trading … Continue reading →

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Still No Relief From The Bond Market

Posted on March 25, 2018 by macromon

Last week the S&P500 sold down 5.95 percent. We noted in an earlier post, Why This Correction Is Different, in that the current sell-off is different from all other corrections over the past 30 years (except a special case in … Continue reading →

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Mr. Market Weakens U.S. Negotiating Position With China

Posted on March 22, 2018 by macromon

Last week we were thinking about pulling together a post using game theory to predict the outcome of the Trump administration’s tariff announcement.   JP Morgan beat us to it, however. More interesting is the JPM quant’s assertion that Trump will … Continue reading →

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Key Price Points And Data

Posted on March 14, 2018 by macromon

The S&P500 is sitting right at and testing its 50-day moving average.  We think it’s important you have the key levels and market context.  Note the Nasdaq has fallen back through its old high. Here you go:  

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Can The Bears Deliver The Knockout Punch?

Posted on March 6, 2018 by macromon

Yes, we believe so. https://twitter.com/HistoryInPix/status/967915137142280192 Maybe not tomorrow, maybe not next week, but sometime this year the S&P500 will break into bear market territory at 2,298.30,  20 percent off its January 26th high, and 15.76 percent down from today’s close.  

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Steel Yourselves

Posted on March 1, 2018 by macromon

We almost got the Jackie Moon moment – i.e., a panic sell-off – which we warned about in our early morning post if trade tariffs were announced today.   We believe a five percent one day downdraft  would constitute a Jackie Moon … Continue reading →

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Textbook Progression To A Bear Market

Posted on February 21, 2018 by macromon

OK.  Not a bear market quite yet. The official level of the S&P500 for the current sell-off to morph into a bear market (down 20 percent from local high) is 2298.30, down 14.92 percent from today’s close.  The official correction … Continue reading →

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Watch These Levels

Posted on February 12, 2018 by macromon

Is that it?  Is the sell-off over, new highs on the short-tem horizon? Nobody knows.  The recovery is a process and unfolds one step tick at a time. In our last Week In Review post, we noted, Only three times … Continue reading →

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That Was One Heckuva Streak!

Posted on January 30, 2018 by macromon

Wow! Back-to-back more than 1/2 percent down days for the S&P500 ending a streak going way back to January 2016. Feels like we just landed on Mars or in the Bronx  after Joe DiMaggio’s 56-game hitting streak  was snapped, no? … Continue reading →

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