The month is coming to an end, and the portfolio is hard at work attempting to snatch defeat from the jaws of victory. . Having been positi...
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A la recherche du P/L perdu
Macro Man is a bit busy today doing some research , the fruits of which may be shared at some point in the future. The only portfolio shift...
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The long darkness
This weekend is the longest one of the year, as clocks roll back and we get another hour of sleep on Saturday night/Sunday morning. It’s ...
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Friday morning bullet points
* Apparently, Boeing does not count. Headline durable goods orders were lofty yesterday, but the market chose to focus on the core shipments...
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Going to extremes
The fatigue felt by the stock market today despite the rally in bonds is telling. Most oscillators are showing overbought readings, and con...
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A Timely Reminder that China is Run by Communists
Well, that was disappointing. The FOMC statement (and more importantly, the market reaction to it) was not what Macro Man was looking for. ...
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Hip To Be Square
The moment of truth/obfuscation/irrelevance (delete as appropriate, depending on your opinion of the Fed) is nearly upon us, with the Fed sl...
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Back in the saddle
Well, the bond market has dragged Macro Man back in the saddle earlier than anticipated. Whether the ride turns out to be smooth or bumpy d...
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Friday bullet points
* Maybe the mysterious buyer was there, maybe he wasn’t, but Treasuries once again stopped around the 107 level. The weak Philly Fed headlin...
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Ring the register
Well, the jobless claims figure has pushed the US 10yr back towards support and to the levels where our mystery buyer appeared yesterday. G...
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Playing breakout
Macro Man feels like he’s been transported back to the days of his youth when he used to while away winter days playing the Atari 2600 game ...
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A crude entry
So Kuwait announced today that OPEC plans to cut output by 1 million barrels per day. This announcement, due on Thursday, has been well-fla...
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Taking the BIS
If there is one group that consistently brings a smile to Macro Man’s face, it is the tin foil hat brigade at GATA and other goldbug paranoi...
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Dollar vollar
Have we turned the corner? Are markets finally turning from aimless to trending, with a concomitant pop in volatility and interest/participa...
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Payroll payoff
Well, for once the US employment figures delivered a spot of volatility to financial markets, courtesy of a tasty 810k upward revision to pa...
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Zzzzzzzzzzzzzzzz
Macro Man feels like doing his Christmas shopping, these markets are so slow. Foreign exchange is a total write off, as the G3 appear to be...
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The Unbearable Sh***ness of trading
Yesterday was not much fun for Macro Man. After a solid close to the month last Friday, virtually every single position went wrong on Monda...
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