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 ...
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Does JBTD actually work?
Macro Man was pleased to see that others found yesterday's study as interesting as he did, though amusingly not every interpretation was...
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How unusual are this market's intraday bounces?
The W survives to live another day. While Tuesday's equity market weakness looked set to continue for reasons that weren't entire...
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F(oil)ed again
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...
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Disequilibrium
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...
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Slippery slopes
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...
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3 quick points
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 ...
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While the bear's away, the bulls will play.
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...
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Bank Holiday Special 2: Number Crunching with the Chinese
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...
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Bank Holiday Special: Teaching your kids about NIRP
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...
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How do you judge liquidity in a bond for which there's no price?
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...
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I Should Coco
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...
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Abort, Retry, Fail?
Well, golllllly. Who knew that a judiciously-leaked story that DB was considering buying back a few billion euros' worth of senior deb...
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Catharsis or beginning?
Much of Monday's price action resembled a climactic denouement, at least until the last couple of hours of the US session. The subseque...
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