Tag Archives: Stock market correction

Diagnosing What Ails The Market

Posted on December 17, 2018 by macromon

My father-in-law died of rectal melanoma, a disease so rare his doctors didn’t even know it existed.  He was diagnosed with having a rectal fissure.   He lived with some discomfort until I called him one night.  Slurring his words, he … Continue reading →

Posted in Budget Deficit, Fiscal Policy, Uncategorized | Tagged , , | Leave a comment

Consumer Discretionary:Staples Ratio Confirms Correction

Posted on February 21, 2013 by macromon

Here are some more data confirming a stock market correction. The consumer staples ETF (XLP) began to outperform the consumer discretionary ETF (XLY) on January 25th while the S&P500 continued to move higher.   As the ratio (red time series) … Continue reading →

Posted in Sector ETF Peformance | Tagged , , , , | 1 Comment

U.S. Equities Outperforming

Posted on May 10, 2012 by macromon

Informative chart from Bespoke showing U.S. equities outperforming all major equity markets x/China in this downdraft. (click here if chart is not observable)

Posted in Equities, Global Stock Performance | Tagged , | Leave a comment

S&P500: Next Stop 50-day?

Posted on March 6, 2012 by macromon

We posted last week that the S&P500 could go to 1340 and then we’d reconsider our market view.  Interestingly,  today’s low on the cash S&P500 was 1340.03. We also had doubts there were enough sellers to take equities down.   It … Continue reading →

Posted in Energy, Euro, Sovereign Debt, Sovereign Risk | Tagged , | 1 Comment

S&P500 Down First Six Days of June – Party Like It’s 1991?

Posted on June 9, 2011 by macromon

The S&P500 closed 0.42 percent lower today, the sixth consecutive down day to start the month of June.   Only once in the past 60 years has the S&P started June with six straight  lower closes.   After an 18.24 percent early … Continue reading →

Posted in Charts, Economics, Equities, Politics | Tagged , , , | 3 Comments

S&P500 Numerology

Posted on June 6, 2011 by macromon

U.S. equities continued their downtrend with the S&P500 closing off 1.08 percent on the day.   The chart below illustrates how the mid-day hard sell-off in Apple took the S&P500 with it (see here for Apple’s leadership role).   The market was … Continue reading →

Posted in Apple, Equities | Tagged , , , | 1 Comment