Archive | Macro

Reflation Trade kicks back: stay cautious

source The gloomy job report has risk traders seeking cash. * The Dow,S&P and Nasdaq were all down 2.6% +. * Money flowed into the Dollar and US Treasuries as investors were seeking safety. * Precious metal stocks were down 3%; gold was down 1.25%. * The energy sector was hard hit as oil sold off […]

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Reflation trade turns cautious: 3% Market Sell-Off

http://communicatebetter.net/tag/higher-learning/ The market had a broadbase sell-off today with weakness in all sectors especially commodity stocks such as energy and materials. The 30% rally since March 9th has come to a screeching halt. A global growth warning from the World bank gave a bleak report cutting estimates for 2009 from a 1.7% contraction to 2.9% contraction. […]

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Ten Year Treasury Auction drives Yield to 3.99%

enter The reflation trade got a big boost from Treasuries today as the latest auction brought yields of close to 4%, much higher than the pricing of the May 9th delayed auction when yields were about 3.19%. The ongoing run on oil didn’t help matters as crude futures rose to $71.83 a rise of 1.84% a […]

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Reflation trade picks up after Auction

Auction Goes Well The Treasury sold $35 B of 5 Year Bonds at 2.32% higher than the last auction of 2.19% so analysts felt this was a good sign because it was the second strong auction in a row after yesterday’s 2 Year auction. Foreign investors now own more than half of the $6.35T Treasuries […]

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Reflation trade kicks up

buying viagra in the uk The reflation trade picked up the MO today with big winners among commodity and precious metal stocks. Dollar weakness,10 year treasuries hitting 3.2%, and China’s appetite for raw materials and energy are drawing investors to copper,silver,titanium and energy raw materials. Coal has been on a tear. Risk appetite has boosted the Euro and other currencies; […]

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Macro Reflation trade: Deflation risk persists

An April 14 story on Bloomberg said that the ECB may have to lower interest rates below 1.25% next month to counter the worse recession in six decades. And the FED continued its quantitative easing Monday purchasing $7.37B in Treasuries and $5.15 B in Agency debt. Treasuries ended strong with the Ten Year Tsy Bond […]

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Macro Reflation Trade-Update from Dec. 16, 2008

In December 2008 after the FED action to open money spigots we offered trading ideas primarily the following:precious metals, short treasury bonds,long industrial metals and long high yield corporate bonds. Here is what has moved since then: Gold and silver stocks up 12-20% FCX up 21% PCN Corp Bond Fund up 50% Gold up 8%,Silver […]

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Macro Reflation/Deflation update Feb 11,2009

Precious metals and mining stocks were strong today.Gold is up $26 to $928 and Silver up 42 cents to $13.4. Money flowed back into treasuries with a successful 10 year auction yielding 2.75%. As a result TSY short(TBT) is down again 2% at $45.25.Watch corporate bonds for stability, doing well since mid-Dec. Reviewing again meltdown […]

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