Macro charting interesting data

May 2017

Topics

Washington's Allegiance
Peak Passive Indexer
Slowing Receipts
Slowing Spreads
China's New Favorite Dollar
Peaking Euphoria
Sell in May?
Moving News
Sideways Wilshire
Equal Weight Weakness
50-Year Nasdaq Update
Debt to the Rescue
The Great Narrowing
Down Dollar
After the Cold War
Bitcoin is the New Gold


Details

Washington's Allegiance

WashDC enabled The Greatest Generation yet exploited the ones before and after. To renew the middle class again make buybacks illegal again. pic.twitter.com/FlNfKG2mYV

— John Alexander (@MacroCharting) May 30, 2017

Peak Passive Indexer

No one knows the date of the next market top, but we already know its name. The market punishes hubris, and the chart shows who is on deck. pic.twitter.com/1n0l7wj53E

— John Alexander (@MacroCharting) May 29, 2017

Slowing Receipts

Mick Mulvaney just told congress: "receipts are coming a little slower than expected". This has been true for 15 months. pic.twitter.com/RxEFtAvHDk

— John Alexander (@MacroCharting) May 24, 2017

Slowing Spreads

The Yield Curve has been in the news. Here's the last 40 years of long term vs short term Treasury Note spreads, and some comments. pic.twitter.com/KSW8TXy0kQ

— John Alexander (@MacroCharting) May 24, 2017

China's New Favorite Dollar

The US dollar is falling, and now looking like a false breakout above 100. Blame it on China. Or Trump. Or both. pic.twitter.com/PwgkDztCEn

— John Alexander (@MacroCharting) May 21, 2017

Peaking Euphoria

By this measure we've beaten 2007, and are now resting comfortably at Peak Euphoria of the 21st century pic.twitter.com/IcKHvtJT5Z

— John Alexander (@MacroCharting) May 21, 2017

Sell in May?

With 2017 looking pretty similar to 2015 so far, makes you wonder if this is also a "Sell In May" year. pic.twitter.com/IHZaSMq8wI

— John Alexander (@MacroCharting) May 18, 2017

Moving News

The 1995 and 2017 sideways streaks both broke on news, noted in green font. An update to yesterday's tweet. pic.twitter.com/sji6rQqxXJ

— John Alexander (@MacroCharting) May 17, 2017

Sideways Wilshire

The Wilshire 5000 now asks - is this 1995 again, or not?

Here's its two longest sideways streaks, as the decision nears... pic.twitter.com/TZHiavO0oI

— John Alexander (@MacroCharting) May 16, 2017

Equal Weight Weakness

The Great Narrowing, part 2. Hard to trust spx highs when its equal-weighted version is signalling weakness. #sp500 pic.twitter.com/SKEAXbneYN

— John Alexander (@MacroCharting) May 14, 2017

50-Year Nasdaq Update

If the Nasdaq just ran out of steam, it picked a logical spot for it. pic.twitter.com/gv8zWMT2Gh

— John Alexander (@MacroCharting) May 11, 2017

Debt to the Rescue

The Fed needs GDP growth lest we fall into recession. So if wages aren't producing growth, debt is called in to pinch hit. pic.twitter.com/J7O2eIGNp6

— John Alexander (@MacroCharting) May 10, 2017

The Great Narrowing

We've changed a lot since we hit 2400 ten weeks ago. The five FAANG stocks are the new 1%, leaving 495 losers behind#sp500 #Narrowing pic.twitter.com/AbQrLyIuTj

— John Alexander (@MacroCharting) May 9, 2017

Down Dollar

The dollar is oversold yet no one is buying, a formation we remember. pic.twitter.com/qwJKnKOKgE

— John Alexander (@MacroCharting) May 8, 2017

After the Cold War

When the world bets on the US, optimism overtakes fundamentals pic.twitter.com/oDpePoUjAe

— John Alexander (@MacroCharting) May 2, 2017

Bitcoin is the New Gold

Bitcoin is the new Gold.

5/1/2017 is The Great Crossover

Not that I care#bitcoin#gold#bitcoinisthenewgold pic.twitter.com/pwzZXz9rpC

— John Alexander (@MacroCharting) May 1, 2017



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