1) Just when you think that BAA cannot possibly get any worse, they make an absolute pig's ear of managing difficult weather conditions ...
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Risky business
Is the risky asset sell-off beginning? As he heads off on holiday, Macro Man's financial distress seismograph is beginning to twitch. OK...
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Endangered species?
So New Zealand GDP was indeed worse than expected . The NZD should suffer here; if it doesn't, it may actually present a nice opportunit...
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Thai'ed up
It appears that the Thai generals are quick studies, and the swift reversal of the THB lockup for equity investment appears to have staved o...
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Land of confusion
Macro Man's IT department is currently residing in the land of confusion, so the P/L is unavailable today. However the "better reb...
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Twas the night before....the day after?
The dollar continues to correct higher today and is rapidly approaching "put up or shut up time." Today's CPI release may tel...
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Portfolio post-mortem
The good news: Trimming short equity and short dollar risk was the right thing to do. The bad news: The remaining equity longs aren't bi...
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Portfolio surgery
Per recent comments, Macro Man jettisons the following losing trades: * Buys back USD/TWD at 32.425 for 2 Feb * Buys back the Aussie equity ...
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Fun with statistics
Today's retail sales figures looked strong across the board, surprising both Macro man and the market. Fixed income has not liked the da...
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Wednesday bullet points
* The Fed statement was perhaps slightly softer than Macro Man was expecting, though Lacker's continued dissent prevented it from being ...
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Stock studies extended
Markets have gone into lock-down mode ahead of today’s FOMC announcement (and, to a lesser degree, the US trade data.) Most trades appear t...
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Beta release
Ouch. There’s no other word to describe it. Over the last 24 hours, virtually everything that could have gone wrong, has. The dollar bet has...
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Curiouser and curiouser.....
No one that Macro Man spoke to had any clear idea why the dollar staged such a dramatic and forceful rally late in the day on Friday. Some ...
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Summon Harry Potter!
Voldemort is all over the place today!
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Identity crisis
Imagine Macro Man’s surprise when he observed his name splashed across the front of the latest edition of Bloomberg Markets magazine . Like...
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Is the dollar about to undermine the stock market?
It’s been a nervous start to the day as markets shift risk ahead of the ECB rate decision/press conference, a slew of Japanese data tonight,...
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Wednesday bullet points
* The P/L has taken a hit overnight as equity markets continue to perform strongly. Blogger is once again having upload problems, so Macro M...
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If non-manufacturing ISM is 53 or below....
...Macro Man will buy £10 million verus USD at best. If not, he will wait.
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A cautionary tale
The impressive resilience of equity markets has surprised Macro Man and dented the monthly P/L. Following on from Friday afternoon’s late ra...
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De-(odd)-couple
It’s been a quiet start to the week, with stocks, bonds and currencies consolidating after Friday’s explosive moves. The equity consolidatio...
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Macro Man sells 10million EUR/USD at 1.3342
Take profit. 1.3361 for Jan 4 date.
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Treasury short stopped out
The sub 50 Chicago PMI has prompted the 109 stop loss on the short Treasury position to get filled at 109-01. Fortunately, short equities an...
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'Tis the season
December 1 is always a significant day chez Macro Man, as it marks the first day that holiday music is played on the stereo. Macro Man full...
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Tidy up time
Well, the good news is that the bond short avoided being stopped out by one tick, as the TYZ6 high yesterday was 108-31. The bad news is th...
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Adding to $ short
Macro Man buys another 10 million EUR at 1.3144. Voldemort is reportedly bidding below that level, and barriers at 1.32 beckon....
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Awaiting confirmation
Yesterday saw the S&P halt an impressive winning streak, as the index registered a decline of more than 1% for the first time in 95 trad...
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DAX/SPX ratio spread filled
Macro Man bought 100 SPH7 at 1400 and sold 170 GXH7 at 6384.
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Judgment Week
The importance of this week in guiding financial market trends for the rest of the year and possibly beyond cannot be overstated. The raft o...
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Mind the gap
The USD gapped sharply lower in the Asian opening, a relative rarity in foreign exchange. Although the buck has retraced much of its loss ag...
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Whither the dollar? Reply to a poster
Is this the big dollar downmove? Well, that is what I am wrestling with. While the dollar's price has changed, that is a necessary but n...
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FX explosion!
Ranges have finally broken in FX, with EUR/USD surging above 1.30. Macro Man was filled at 1.3005 on his 10 million stop loss. He will now...
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Turkey Day
As Americans prepare to settle into their annual orgy of food and televised sport, financial markets are surprisingly (and irritatingly) vol...
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Dollar downtrend?
Currencyland has risen from its long slumber today as the dollar has gotten creamed against most of its G10 counterparts. While most curren...
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Limp out of EUR/JPY
Macro Man will attempt to leg, rather than limp, out of the EUR/JPY 'hedge' by buying $12.5 million USD/JPY at 116.80 and then biddi...
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Chinese whispers
As the holiday season moves swiftly towards us, the noise-to-signal ratio in financial markets approaches infinity. The level of frustration...
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Random shots
What would you rather be: a financial market trader or an American turkey? The lack of action in these markets is so dire, Macro Man is swi...
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