Stepping back into macro Macro Man Monday, February 29, 2016 22 Comments Macro Man It seems only fitting given today is Leap Day that Macro Man take a large step back from focusing on intraday noise and get back to looking ... Read More
Does JBTD actually work? Macro Man Friday, February 26, 2016 53 Comments Macro Man Macro Man was pleased to see that others found yesterday's study as interesting as he did, though amusingly not every interpretation was... Read More
How unusual are this market's intraday bounces? Macro Man Thursday, February 25, 2016 41 Comments Macro Man The W survives to live another day. While Tuesday's equity market weakness looked set to continue for reasons that weren't entire... Read More
F(oil)ed again Macro Man Wednesday, February 24, 2016 59 Comments Macro Man Just when you thought the reflation trade might be getting a head of steam, equities ran into a tumbling crude market, which itself ran into... Read More
Disequilibrium Macro Man Tuesday, February 23, 2016 24 Comments Macro Man Another day, another equity rally. The SPX has managed to take its year-to-date loss below 5%, and while most other major indices have fare... Read More
Slippery slopes Macro Man Monday, February 22, 2016 32 Comments Macro Man Macro Man is back from his little ski trip, suitably chastened by the knowledge that the soon-to-be 14 year old Macro Boy the Elder is now t... Read More
3 quick points Macro Man Wednesday, February 17, 2016 84 Comments Macro Man Macro Man's a bit pressed for time, so today's post is confined to three quick observations: * Going for the W? The SPX has now ... Read More
While the bear's away, the bulls will play. Macro Man Tuesday, February 16, 2016 27 Comments Macro Man While the bear's away, the bulls will play. Such, it seems, is the lesson from yesterday, when a poor Japanese GDP figure and an uncha... Read More
Bank Holiday Special 2: Number Crunching with the Chinese Macro Man Monday, February 15, 2016 13 Comments Macro Man 0.3% Change in RMB fix vs the USD, prompting global equity rally and hosannahs from the press. -0.05% Change in RMB fix versus t... Read More
Bank Holiday Special: Teaching your kids about NIRP Macro Man Monday, February 15, 2016 6 Comments Macro Man Macro Man is certain that many readers have children who, like the Macro Boys, have heard that world stock markets are tumbling but are unsu... Read More
How do you judge liquidity in a bond for which there's no price? Macro Man Friday, February 12, 2016 72 Comments Macro Man Another day, another hopeful rumor that takes equity prices back from the brink. This time, it was a hint of a suggestion that oil produce... Read More
I Should Coco Macro Man Thursday, February 11, 2016 86 Comments Macro Man Just imagine the scenario. It's early-mid 2014, and while standard credit indices are doing just fine, there's a hot new asset i... Read More
Abort, Retry, Fail? Macro Man Wednesday, February 10, 2016 83 Comments Macro Man Well, golllllly. Who knew that a judiciously-leaked story that DB was considering buying back a few billion euros' worth of senior deb... Read More
Catharsis or beginning? Macro Man Tuesday, February 09, 2016 93 Comments Macro Man Much of Monday's price action resembled a climactic denouement, at least until the last couple of hours of the US session. The subseque... Read More