Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: Spain vs Sweden Macro: La Furia Roja vs. Blågult Sweden takes a massive win on Misery Index (CPI + Unemployment + Budget deficit) with 13.1...
Gold Relative Analysis Indicates An Oversold Condition
Gold has pulled back over the last few trading sessions and the Bollinger bands have narrowed (green rectangle). This would suggest an imminent expansion and a volatility increase. We note, that although Bollinger analysis is insightful with regard to volatility cycles it does not have much to say on price...
COT: Fund long increasingly skewed towards energy sector
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, June 8. A week where U.S. equities climbed within a whisker of their all-time highs and Treasury yields continued their decline. The dollar traded close to unchanged while the Bloomberg Commodity...
Podcast: It’s FOMC week, as market ponders taper talk and forecast shifts.
'Today we wrap up Friday's positive action in the equity market as we continue to note that US treasuries may be a barometer for excess liquidity, not the market's assessment of inflation risks or the growth outlook. In FX, it was curious to see a sharp USD move higher when...
Market Quick Take – June 14, 2021
US equity markets are pushing on all-time highs after another positive session on Friday, with sentiment remaining positive despite an uptick in US yields. A G7 meeting produced a lengthy communique promising significant spending initiatives that US President Biden positioned as competing with Chinese influence. The key event risk towering...
Macro Dragon WK #25: All about the Fed (Yawn!), with lower lows in vol & higher highs in the S&P…
Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
Footonomics by Jakobsen & Garnry #3
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: England vs Croatia Macro: Le Roast Beef vs. Our Beautiful (Liepa nasa) Croatia takes the win on the Misery Index (CPI + Unemployment + Budget...
Footonomics by Jakobsen & Garnry #2
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: Denmark vs Finland Macro: Danish Dynamite vs. Finnish Sisu Denmark has clear win on the Misery Index (CPI + Unemployment + Budget deficit) with the...
Washington Is Sending These Stocks Sideways
Will Biden’s infrastructure bill get through Capitol Hill?
Carbon and gas driving strong week for energy
Commodities traded higher for a third week with broad gains in energy and metals off-setting pockets of weakness across the agriculture sector. While the Bloomberg Commodity Spot Index stayed closed to a ten-year high, it was four non-index members from Dutch gas and carbon to iron ore and coal that...