๐Ÿปโ™‰๏ธโ†—๏ธโ†˜๏ธโ†”๏ธโš ๏ธ๐Ÿšฉ๐Ÿ”บ๐Ÿ”ป๐Ÿงฎ

Global Macro Review - 01/09/2022

1/14

Market players returned from ๐Ÿ•Ž๐ŸŽ„๐ŸŽ‰ buying value and oil โ†—๏ธ and selling growth and duration โ†˜๏ธ

Letโ€™s dig into the ๐Ÿงฎ!
2/14

Roiled by #FOMC minutes (nothing new) mid-week, players bid up $VXN and sold $COMPQ.

$VXN 65 +21% - $COMPQ -4.53%
$RVX +13.31% - $IWM -2.87%
$VIX 18.76 +8.94% - $SPX -1.87%

Chart: $COMPQ -4.44% (t) +2.44% (T)
2a/14

Chart: $VXN accelerates to the ๐Ÿช“๐Ÿชฃ
3/14

Large cap value beat growth by 5.53% on the week

Charts: $SPYV +1.05% compared to $SPYG -4.48% - both remain โ™‰๏ธ but growth is now ๐Ÿป trade.
4/14

On the US Sector level, this manifested with energy and financials ๐Ÿš€

Top sectors
$XLE +10.52% โ™‰๏ธ
$XLF +5.43%
$XLI +0.64%

Decemberโ€™s winners โ†˜๏ธ
$XLRE -4.9%
$XLV -4.64%
$XLK -4.57%

Chart: $XLE at a 52-week high on volume โ†—๏ธ
4a/14

โ€œWho gets you out?"

Chart: $XLF +7.19% over past 3 weeks
4b/14

The home construction sub-sector ๐Ÿ’๐Ÿ”จโ€™d

Chart: $ITB -9.25% for the week!
5/14

France ๐Ÿ‡ซ๐Ÿ‡ท โ†—๏ธ led major international markets

$CAC +0.93%
$HSI +0.41%
$DAX +0.4%
$KOSPI -0.76%
$NIKK -1.07%
$SSEC -1.66%

Chart: $EEM +0.1% remains in a ๐Ÿ“‰ -3.8% over (T) duration
6/14

Top country ETFs โ†—๏ธ

$INDA +2.81%
$IDX +2.57%
$EWU +2.53%
$EWP +2.02%

Biggest losers โ†˜๏ธ
$EDEN -4.41%
$EWZ -2.85%
$RSX -2.66%

Chart: $EWP - time to buy ๐Ÿ‡ช๐Ÿ‡ธ +8.2% over the past 3 weeks but -3.63% (T)?
7/14

UST yields ๐Ÿš€ to cycle highs #TaperTantrum2022
10/2s 89.6 BPS ๐Ÿป #steepener

MOVE 74.69 โ†˜๏ธ

2Y .870% +14.6 BPS
5Y 1.504 +24.1 BPS
10Y 1.755 +25.4 BPS
30Y 2.117 +21.2 BPS

Chart: $TNX breaking out to cycle highs โ†—๏ธ
8/14

With #TaperTantrum2022 bond ETFs ๐Ÿ’๐Ÿ”จโ€™d

$TLT -4.0%
$CWB -3.93%
$BNDD -3.33%
$TIP -2.3%
$LQD -2.11%
$IEF -1.97%
$IVOL -1.42%
$BND -1.4%
$HYG -1.31%
$BNDX -0.69%

Chart: $TLT went from โ™‰๏ธ to neutral (T) +0.27%
9/14

Metals โ†˜๏ธ did not care too much for #RealYields โ†—๏ธ

$SILVER -4.03%
$GOLD -1.71%
$COPPER -1.12%
$PLAT -1.0%

Chart: $SILVER unable to hold โ™‰๏ธ (T) -1.28%
9a/14

Chart: Aluminum and zinc lifted $DBB โ†—๏ธ +1.21% (w), +7.44% (t) and +4.16% (T)
9b/14

Chart: $GDX -6.31% broke bad, resuming ๐Ÿป (T) -1.57%
10/14

๐Ÿ›ข and โ›ฝ๏ธ continued the โ™‰๏ธ ๐Ÿƒ๐Ÿพโ€โ™‚๏ธ

$WTIC +4.91%
$BRENT +5.34%
$GASO +3.6%
$NATGAS +5.09%

Chart: $BRENT is +25% off the December 2 #omicron low
11/14

Grain #dispersion with $CORN and $SOYB continuing their โ™‰๏ธ ๐Ÿƒ๐Ÿพโ€โ™‚๏ธ

$SOYB +5.3%
$CORN +2.28%
$WHEAT -1.59%
$SUGAR -4.5%

Chart: $SUGAR not so sweet -8.42% (t), -11.04% (T)
11a/14

Sugar may cost less but your โ˜•๏ธ costs โž•๐Ÿ’ฐ

Chart: $COFFEE +5.48% for the 1st week of 2022
12/14

The $USD โฌ†๏ธโฌ‡๏ธ for the week

$USD +0.14%
$GBP +0.52%
$AUD -1.24%
$EUR -0.15%
$USDCAD -0.08%
$USDCHF +0.72%
$USDJPY +0.41%

Chart: After a +4.0% 3-week rally off the December 3 low, $AUD resumes ๐Ÿ“‰
13/14

No global macro review would be complete without at least mentioning #CryptoCrash22

"Could I sell you my #NFTs, bro?"

Chart: $BTC is โฌ‡๏ธ > 38% since the November 9 high
14/14

Choosing to position for #Quad4 in Q2, I took the other side of the trade ๐Ÿ’๐Ÿ”จโ€™d

At least I know I did not pay top prices for $TLT $XLRE $XHB $XLU $XLV, but now I have a #RiskManagement problem

#CPI on tap Wednesday

Have a super profitable ๐Ÿ’ฐ week!

โ€ข โ€ข โ€ข

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More from @tdarling1

7 Jan
Hello Friday

Week to date

$BTC -10.12%
$GOLD -2.15%
$EUR -0.69%
$USD +0.77%

$CAC +1.35%
$SPX -1.47%
$KOSPI -1.92%
$COMPQ -3.61%

$WHEAT -3.21%
$COPPER -2.44%
$NATGAS +2.2%
$SOYB +3.58%
$GASO +3.58%
$WTIC +5.65%
$LUMBER +6.66%
$CRB +1.88%

$TNX +14.62%

Let's dig into the ๐Ÿงฎ!
Asia closed โ†”๏ธ for the week

$NIKK 28479 -0.05%
$SSEC 3580 -0.2%
$TWII 18170 -1.1%

$HSI 23493 +1.8%
$KOSPI 2955 +1.2%
$IDX 59578 +0.7%

Australia โ†—๏ธ
$ASX 7453 +1.3%

India โ†”๏ธ
$BSE 50577 -0.05%
Europe opens โ†”๏ธ

$IBEX 8741 -0.55%
$DAX 16000 -0.3%
$CAC 7241 -0.1%
$SMI 12787 -0.05%

$FTSE 7458 +0.1%
$AEX 788 +0.25%
$MOEX 3277 +0.5% ๐Ÿช†
$MIB 27832 +0.66%

$VSTOXX 20.10 ๐Ÿ”บ
Read 12 tweets
7 Nov 21
Weekly Global Macro Review 10/07/21

1/15

@hedgeye calls it #Quad2 reflation, but I rather prefer @jam_croissantโ€™s colorful description of โ€œendless gamma squeezesโ€ oh so reminiscent of ๐ŸŽ‰๐Ÿพ๐Ÿฅณ like itโ€™s 1999!

Letโ€™s dig into the macro ๐Ÿงฎ for the week
2/15

A ๐Ÿ•Š #FOMC on Wednesday and a ๐Ÿ’ช๐Ÿผ #NFP report on Friday with underlying wage #inflation of 4.9% y/y was enough to ignite a rally in the $UST market โ†—๏ธ

WTF, you say?
3/15

Indeed, the MOVE 66.30 โ†˜๏ธ from 78.34 on Tuesday as the 10/2s curve remained ๐Ÿฅž at 105

2Y .405 -9.6 bps
5Y 1.056 -12.9 bps
10Y 1.455 -10.6 bps
30Y 1.888 -5.1 bps

Chart: Despite a strong #NFP, the $TNX โ†˜๏ธ -10.6 BPS to 1.455 and at critical support
Read 19 tweets
5 Nov 21
Hello Friday!

W/MTD

$NIKK +3.12%
$COMPQ +2.85%
$DAX +2.17%
$SPX +1.62%
$KOSPI +0.42%

$CRB -1.79%
$NATGAS +5.34%
$COPPER -1.09%
$CORN -1.58%
$WTIC -5.70%

$TLT -0.27%
$IEF +0.46%
$SHY +0.13%

$USD +0.23%
$GOLD +0.54%

Let's dig into the wee hour ๐Ÿงฎ!
Asia closed with a โ†˜๏ธ bias

$NIKK 29612 -0.6%
$SSEC 3492 -1.0%
$TWII 17297 +1.3% ๐Ÿ”บ
$KOSPI 2069 -0.45%
$IDX 6582 -0.05%

Australia โ†—๏ธ
$ASX 7457 +0.4%

India โ†”๏ธ
$BSE 60068 unch/closed
Europe opened with a โ†—๏ธ bias

$DAX 16021 -0.05%
$FTSE 7308 +0.4%
$CAC 7006 +0.25%
$AEX 822 +0.2%
$IBEX 9026 -0.15%
$MIB 27575 +0.2%
$SMI 12458 +0.45%
$MOEX 4170 -0.35% ๐Ÿช†
Read 11 tweets
31 Oct 21
๐Ÿปโ™‰๏ธโ†—๏ธโ†˜๏ธโ†”๏ธโš ๏ธ๐Ÿšฉ๐Ÿ”บ๐Ÿ”ป๐Ÿงฎ

Global Macro Review - October 2021

1/15

Crude ๐Ÿš€ along with domestic equities as vol โ†˜๏ธ

The 10/2 curve โ†—๏ธ then โ†˜๏ธ sharply with short-end ๐Ÿš€

Grains โ†—๏ธ with ๐ŸŒฝ &๐ŸŒพ๐Ÿ’ช๐Ÿผ

AUD ๐Ÿฆ˜๐Ÿ”บ and JPY ๐Ÿˆน ๐Ÿ”ป

Letโ€™s dig in to the ๐Ÿงฎ!
2/15

Commodities led the #inflation trade higher with the $CRB +3.83% and a new cycle high.
3/15

๐Ÿ›ข and โ›ฝ๏ธ ๐Ÿš€ to new cycle highs while Natty ๐Ÿช“ at 6.47

$WTIC 83.57 +11.38%
$BRENT 84.38 +7.46%
$GASO 2.37 +8.22%
$NATGAS 5.43 -7.52%

Chart: $WTIC +11.38% for October is up 72% in 2021
Read 17 tweets
29 Oct 21
Hello Friday and the last trading day of October!

MTD returns
$WTIC +10.37%
$CORN +4.84%
$CRB +4.17%
$COPPER +3.07%

$GOLD +2.60%
$USD -0.97%

$COMPQ +6.92%
$SPX +6.71%
$CAC +4.36%
$DAX +2.85%
$KOSPI -1.93%
$VIX 16.53 -661 BPS

$UST2Y +22 BPS
$UST10Y +5 BPS

Let's dig into ๐Ÿงฎ!
Asia closed โ†”๏ธ on the day #dispersion

$NIKK 28893 +0.25% ๐Ÿ”บ
$SSEC 3547 +0.8% ๐Ÿ”บ
$IDX 6591 +1.05% ๐Ÿ”บ

$TWII 16897 -0.3% ๐Ÿ”ป
$HSI 25377 -0.7% ๐Ÿ”ป
$KOSPI 2971 -1.3% ๐Ÿ”ป

Australia โ†˜๏ธ
$ASX 7324 -1.45%

India โ†˜๏ธ
$BSE 59124 -1.4%
Europe decidedly โ†˜๏ธ

$DAX 15570 -0.75%
$FTSE 7230 -0.25%
$CAC 6782 -0.35%
$AEX 805 -0.95%
$IBEX 9023 -0.05%
$MIB 26803 -0.3%
$SMI 12081 -0.6%
$MOEX 4150 -0.95% ๐Ÿช†
Read 10 tweets
27 Sep 21
Hello, Monday!

๐Ÿ›ข๏ธ and โ›ฝ๏ธ looking ๐Ÿ”ฅ

Let's dig into the ๐Ÿงฎ
Asia closed โ†”๏ธ

$NIKK 30240 -0.05% โ™‰๏ธ
$SSEC 3583 -0.85%
$TWII 17314 +0.3%
$HSI 24187 unch
$KOSPI 3234 +0.3% ๐Ÿป

Australia โ†—๏ธ
$ASX 7384 +0.6%

India โ†—๏ธ
$BSE 60135 +0.15%
European bourses opening โ†—๏ธ

$DAX 15665 +0.85%
$FTSE 7074 +0.3%
$CAC 6679 +0.6%
$AEX 793 +0.2%
$IBEX 8935 +0.7%
$MIB 26075 +0.4%
$SMI 11824 +0.05%
$MOEX 4073 +0.85% ๐Ÿช†
Read 12 tweets

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