Banking on trouble Macro Man Friday, January 29, 2016 116 Comments Macro Man Although Macro Man has generally subscribed to the idea that this is an orthodox market correction in developed markets (albeit in context o... Read More
Brief thoughts ahead of the BOJ Macro Man Thursday, January 28, 2016 10 Comments Macro Man * Overnight implied vol for today's BOJ meeting is higher (at 31%) than for any other meeting since the Abenomics revolution. This cert... Read More
The binky remains hidden Macro Man Thursday, January 28, 2016 35 Comments Macro Man "The Committee is closely monitoring global economic and financial developments and is assessing their implications for the labor marke... Read More
The Federales ride into town Macro Man Wednesday, January 27, 2016 54 Comments Macro Man Saddle up, the Federales are ridin' into town. Now obviously, no one expects an actual policy shift out of the Fed, so the issue is re... Read More
Central bank equity buying: some evidence Macro Man Tuesday, January 26, 2016 26 Comments Macro Man Over the past few months there seems to have been a growing debate, here and elsewhere, as to the impact of central banks upon equity market... Read More
A riyal pain in the... Macro Man Tuesday, January 26, 2016 18 Comments Macro Man Question: If a market falls and there is no one there to panic, does it make a sound? Yesterday's price action was notable for a) un... Read More
A few thoughts on yen Macro Man Monday, January 25, 2016 26 Comments Macro Man What a difference a few miles makes. While Washington and New York were buried under some two feet of snow, Macro Man's town (some 50 ... Read More
The final test Macro Man Sunday, January 24, 2016 4 Comments Macro Man Email test post #4: spending a snowy weekend trying to repair a dodgy email feed is fun! Maybe I'll go do some shoveling for a little r... Read More
The end of another emotional week Macro Man Friday, January 22, 2016 34 Comments Macro Man It's funny, isn't? We've had a solid bounce from the lows in developed market equities, but nothing spectacular, and suddenly ... Read More
A tale in five bullet points Macro Man Thursday, January 21, 2016 84 Comments Macro Man It was the best of times, it was the worst of times, it was the age of vicious sell-offs, it was the age of face-ripping rallies, it was the... Read More
Panic, or a Dip-Buyer's Lament Macro Man Wednesday, January 20, 2016 45 Comments Macro Man With apologies to the Smiths... Panic on the streets of London Panic on the streets of Amsterdam I wonder to myself Could stocks ever g... Read More
Survey results Macro Man Wednesday, January 20, 2016 22 Comments Macro Man Macro Man is in a personal fast market, so he can't really write about everything he wishes to this morning. However, given that yeste... Read More
Public Enemy as financial commentators Macro Man Wednesday, January 20, 2016 65 Comments Macro Man "Base?!?!?! How low can you go? Death row! What a brother know?" - Public Enemy, "Bring the Noise" (well, kin... Read More
At $30, the market's still long oil Macro Man Tuesday, January 19, 2016 59 Comments Macro Man Once more unto the breach, dear friends, as US markets re-open today. Despite the holding pattern in European bourses yesterday, it certain... Read More
Holiday Macro Man Monday, January 18, 2016 42 Comments Macro Man Given the grim start to the year, Macro Man thought that everyone could use a little cheering up, with apologies to Madonna : Holiday! Ce... Read More
The blog-o-meter bottom Macro Man Friday, January 15, 2016 110 Comments Macro Man Perched on the edge of the abyss, stocks took a peek down yesterday and then stepped back from the brink...for now. Was the market over-sol... Read More
U-G-L-Y Macro Man Thursday, January 14, 2016 63 Comments Macro Man Well, that was ugly yesterday, and as the schoolyard rhyme goes, the SPX ain't got no alibi for another poor day. OK, that's not t... Read More