Asset market returns: A simple response to Fed "tightening" or has all the juice been squeezed out? Macro Man Thursday, June 30, 2016 61 Comments Macro Man While dip-buyers rejoice in another risk asset rally that has taken the SPX all the way back up to where we closed in November of 2014, a mo... Read More
Project Fear...or a fearful projection? Macro Man Wednesday, June 29, 2016 69 Comments Macro Man Today's post is necessarily short as Macro Man was out last night at a reunion of a two decades old group of friends. One of the critic... Read More
Sixteen observations, many of which are serious Macro Man Tuesday, June 28, 2016 38 Comments Macro Man 1) When Mystic Meg said a large blond man would take England out of Europe , she wasn't kidding. 2) That BoJo was a no-show for the Pr... Read More
Confronting uncertainy Macro Man Monday, June 27, 2016 37 Comments Macro Man The weekend has brought little by way of clarity, and as such markets look set to trade on the back foot again as investors come to grips wi... Read More
10 thoughts post Brexit Macro Man Friday, June 24, 2016 82 Comments Macro Man 1) By resigning and allowing the new PM (favoured to be Boris Johnson?) to decide when to activate Article 50 (the official notification of ... Read More
Brexit b(r)eckons Macro Man Friday, June 24, 2016 62 Comments Macro Man Well, it's 11 pm NY (4 am UK time) and you probably don't need Macro Man to tell you what's going on. Given the voting percent... Read More
Trading the Brexit vote Macro Man Thursday, June 23, 2016 36 Comments Macro Man And so the big day is finally here. After months of waiting, steadily rising anticipation, and not a few awkward moments, we'll see an ... Read More
Fed policy: clear as mud, apparently Macro Man Wednesday, June 22, 2016 15 Comments Macro Man It probably tells you everything that you need to know about the current state of the Federal Reserve and monetary policy that even in the f... Read More
Tilting the balance of risk Macro Man Tuesday, June 21, 2016 13 Comments Macro Man With the confluence of the impending Brexit referendum and the ongoing European football championships, the temptation to make the odd analo... Read More
Monday morning bullet points Macro Man Monday, June 20, 2016 27 Comments Macro Man * The latest Brexit poll shows a slight move towards Remain, as does the betting in the bookies. The margin of movement in the poll, howe... Read More
The elephant in the room Macro Man Friday, June 17, 2016 44 Comments Macro Man When an individual loses their life, apparently for honestly-held political views, it seems unedifying in the extreme to discuss the market ... Read More
Rumbling and grumbling Macro Man Thursday, June 16, 2016 46 Comments Macro Man What do you do when you're in a position of heavy responsibility and you haven't a clue what to do? For the Federal Open Market Com... Read More
Quantifying the Brexit premium and the Walking Dead, Season 8 Macro Man Wednesday, June 15, 2016 33 Comments Macro Man Before addressing today's FOMC meeting Macro Man wanted to briefly return to the Brexit issue because it really is so very interesting. ... Read More
Brexit pricing precedents: an empirical study Macro Man Tuesday, June 14, 2016 40 Comments Macro Man As the Brexit referendum approaches, the market appears utterly incapable of taking its eyes off of the gaudy risk premiums on offer. Indee... Read More
A Brexit thought experiment Macro Man Monday, June 13, 2016 34 Comments Macro Man While many had hoped that the sorry scenes of a few days ago were relics of the distant past, the ugly images that flickered across screens ... Read More
Quantifying the shift in China's FX policy Macro Man Friday, June 10, 2016 33 Comments Macro Man Following on from Wednesday's post, it seems clear that at some point over the last year there's been a shift in China's FX poli... Read More
Arghghghghg Macro Man Thursday, June 09, 2016 38 Comments Macro Man Is there anything more fun than doing a nice piece of work, forgetting to save it, and having autorecover claim your file is corrupted? ... Read More
Is China playing silly buggers again? Macro Man Wednesday, June 08, 2016 40 Comments Macro Man Is China playing silly buggers again? Macro Man attempts to answer the question in eight charts: 1) As you're no doubt aware, Chinese... Read More