Tag Archives: Stock Market

Welcome to 2021, Y’all!

Posted on January 4, 2021 by macromon

By Carol K. Happy New Year, everyone!  I hope everyone had a happy and relaxing holiday season – or as happy as can be in the midst of a global pandemic.  I’ve been fighting a bout of pneumonia and was … Continue reading →

Posted in Coach C, Equities | Tagged , , , | Leave a comment

Misplaced Economic Priorities: Too Much Wall, Too Little Main

Posted on October 28, 2020 by macromon

We are not taking a victory lap yet but we have been warning President Trump’s focus on the stock market was not only bad economics but also a losing political proposition.  Next Tuesday the option expires. But the juxtaposition of … Continue reading →

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The United Socialist States of America (USSA)

Posted on June 15, 2020 by macromon

You’d think the Fed governors would have the sense the political problem they are creating for themselves.  Pumping up the stock market — supporting corporate bonds will do that —  while Main Street suffers is a recipe for sweeping changes … Continue reading →

Posted in Fed, Uncategorized | Tagged , , | 12 Comments

Chasing The FOMO Titanic Rally

Posted on June 4, 2020 by macromon

FOMO – (Fear Of Missing Out) Panic buying is a type of behavior marked by a rapid increase in purchase volume, typically causing the price of a good or security to increase. From a macro perspective, panic buying reduces supply and creates … Continue reading →

Posted in Economics, Equities, Uncategorized | Tagged , , | 31 Comments

Bad Look Of High Stock Prices & High Unemployment

Posted on May 8, 2020 by macromon

In a few hours, the BLS will release the employment situation for April, which will illustrate the devastation the COVID crisis has inflicted on the U.S. labor market.  Since the crisis began 30 million plus American workers have filed for … Continue reading →

Posted in Economics, Economist, Politics, Uncategorized | Tagged , , , | 16 Comments

Too Short To Get Shorty

Posted on April 28, 2020 by macromon

The stock market is clearly detached from economic reality and unmoored from any sensible valuation metric but it just keeps going higher. ¿Por qué. The market is going up because so many are caught offside betting it’s not going to … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 6 Comments

The Fed Cut Fails To Inspire As Markets Deliver A Policy Margin Call

Posted on March 3, 2020 by macromon

The price action in stocks continues its remarkable volatility. The cash S&P500 traded in a 160 point range just today, or 5.4 percent.   They sold the Fed 50 bps emergency cut hard to close the S&P at 3003.37, down 2.8 … Continue reading →

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Are We Cheap Yet?

Posted on February 28, 2020 by macromon

One helluva weak week for the stock market.  Three of the five largest Dow point flops in history.  Yes, we have already been lectured like a little schoolboy by the Twitterati geniuses “it is the percentage drops that count.”  No … Continue reading →

Posted in Black Swan Watch, Economics, Uncategorized | Tagged , , , | 17 Comments

Stock Market Returns And Presidents – Beware Of Averaging

Posted on January 5, 2020 by macromon

We have warned about looking at averages (see here), especially with such skewed distributions and how a couple outliers can greatly distort this most common statistical metric. Real Life Macro Economy Example:  2019 Q1:  Average U.S. Household Wealth =  $803.3K … Continue reading →

Posted in Equities, Politics, President Trump, Uncategorized | Tagged , , | 3 Comments

Beware Of The S&P’s Doji City

Posted on October 16, 2019 by macromon

In our Saturday post,  Heads Up! Friday’s Rare S&P Shooting Star Candlestick,  we pointed out the S&P500 had formed a rate shooting star Doji candlestick on Friday with price action that had been observed only once since 2010, last Halloween day. Run don’t … Continue reading →

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