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...
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Project Fear...or a fearful projection?
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...
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Sixteen observations, many of which are serious
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...
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Confronting uncertainy
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...
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10 thoughts post Brexit
1) By resigning and allowing the new PM (favoured to be Boris Johnson?) to decide when to activate Article 50 (the official notification of ...
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Brexit b(r)eckons
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...
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Trading the Brexit vote
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 ...
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Fed policy: clear as mud, apparently
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...
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Tilting the balance of risk
With the confluence of the impending Brexit referendum and the ongoing European football championships, the temptation to make the odd analo...
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Monday morning bullet points
* 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...
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The elephant in the room
When an individual loses their life, apparently for honestly-held political views, it seems unedifying in the extreme to discuss the market ...
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Rumbling and grumbling
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...
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Quantifying the Brexit premium and the Walking Dead, Season 8
Before addressing today's FOMC meeting Macro Man wanted to briefly return to the Brexit issue because it really is so very interesting. ...
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Brexit pricing precedents: an empirical study
As the Brexit referendum approaches, the market appears utterly incapable of taking its eyes off of the gaudy risk premiums on offer. Indee...
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A Brexit thought experiment
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 ...
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Quantifying the shift in China's FX policy
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...
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Arghghghghg
Is there anything more fun than doing a nice piece of work, forgetting to save it, and having autorecover claim your file is corrupted? ...
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Is China playing silly buggers again?
Is China playing silly buggers again? Macro Man attempts to answer the question in eight charts: 1) As you're no doubt aware, Chinese...
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