Posts Tagged ‘ENY’

• Oil Looks Ornery: Model Portfolio Update
  Gregor Macdonald, February 3rd, 2010 at 11:44 pm, Comments: 0

  For 14 months now those who’ve been bearish on the price of oil have pointed to very high oil inventories. And while it’s true that US inventories remain high, it’s quite clear that global inventories peaked between March and August of last year. Additionally, the price trend higher is now a year old. It started [...]

• Printing GDP: Gregor Weekly Macro Note
  Gregor Macdonald, January 30th, 2010 at 10:26 pm, Comments: 0

  Friday’s GDP report was a headline stunner. It gave cover to the more bullish and conventional street analysts. And, it helped President Obama win the weekly newscycle. I found the attempts to downplay the result, typical among perma-bears, to be tiresome although in truth their analysis is accurate. In general, macro bears of which I [...]

• MBS Catch-22: Model Portfolio Update
  Gregor Macdonald, January 27th, 2010 at 11:13 pm, Comments: 0

  The FED confirmed its intention today to end its MBS purchase program, which saw the uptake of 1.25 trillion in mortgages over the past 9 months, since March of last year. I remain doubtful that the FED will be able to halt this program for long. After all, this operation served a double purpose. Not [...]

• Big Macro Data: Gregor Weekly Macro Note
  Gregor Macdonald, January 9th, 2010 at 11:37 pm, Comments: 0

  The first week of the year was stuffed with some big macro data. This was fitting as we now have the bracket of the last 10 years through which to see a number of important trends in the US economic story. Essentially, we’ve been spinning our wheels since the Nasdaq cracked in the Spring of [...]

• Gregor Weekly Macro Note: Sunday 03 January 2010
  Gregor Macdonald, January 3rd, 2010 at 11:20 pm, Comments: 0

  The GregorWeekly model portfolio was initiated the last week of August in 2009, with $100,000 USD notional. My stated goal at that time was to achieve positive absolute returns, while assigning a lesser role to individual equities. In addition, I neither wanted to trade too actively or waste time taking out a series of insurance [...]

• Gregor Weekly Model Portfolio Update: 16 December 2009
  Gregor Macdonald, December 16th, 2009 at 11:45 pm, Comments: 0

  Quietly, without much attention, the long end of the US Treasury market continues to deteriorate. It’s just not pronounced enough yet to draw much attention. And as someone who’s been interested in going short US Treasuries for over three years now (without having done so), I can understand the complacency. Or is is caution?
  This January, [...]

• Gregor Weekly Model Portfolio Update: 07 October 2009
  Gregor Macdonald, October 7th, 2009 at 10:56 am, Comments: 0

  The Gold/Silver ratio remains a handy and workable portrait of systemic liquidity, and volatility. For those of you who watch more traditional measures of volatility…(this article continues for subscribers through the membership gateway, on the right side of this page.)…

• Gregor Weekly Macro Note: Saturday 29 August 2009
  Gregor Macdonald, August 29th, 2009 at 9:45 am, Comments: 0

  I hate gold mining. In fact, as I write today’s Weekly Macro Note, I’m listening to a three part podcast on gold and gold mining from the BBC World Service Documentary Series. It’s a rich broadcast that merely confirms what I’ve known for over 10 years: gold extraction is a destructive business, often conducted now [...]