Macro charting interesting data

March 2017 tweets and charts

Current Month Summary

Commercial Loans
Nationalism Contraction
Mom & Pop's turn
Price to Sales plus growth
Stock Rally Evolution
Consumer Confidence
CEO Compensation Strategies
Forward Lies
Stocks and Bonds Oscillator
Presidential Honeymoons
Nasdaq Outside Day
Interpolated Price to Earnings
The Transports and The Economy
Low Rates produce a low p/e
Lets move for a better world
Exports and Nationalism
Drunk Canary
Uncorrelating Russell
Rushing Willy Nilly
Beating Estimates
Declining Forecasts
Crude Oil Update
Jobless Claims
Eight Years After
Worker Productivity
Nasdaq for 50 Years
Non-stop p/e expansion
Crude Oil Trendline
Earnings Revision
Insider Selling
February 2017 tweets and charts
January 2017 tweets and charts
December 2016 tweets and charts


Commercial Loans

A guy from the Fed just said to pay no attention to this chart.https://t.co/taPHh6A5t2 pic.twitter.com/jkc4rJjPu1

— John Alexander (@MacroCharting) March 29, 2017

Nationalism Contraction

Nationalism Contraction: an ironic solution to the contraction the world is already in. Lol. pic.twitter.com/wWAoalG8Ao

— John Alexander (@MacroCharting) March 29, 2017

Mom & Pop's turn

Hey Mom & Pop, the ball's in your court. Time to throw your life savings at 5-yr flat revenue growth and a p/e of 25. What could go wrong. pic.twitter.com/YNYF3QuC8S

— John Alexander (@MacroCharting) March 28, 2017

Price to Sales plus growth

Repeat of a chart made during February's final manic week. The line thickness thing is an important second dimension. #growthmatters pic.twitter.com/ingocdPWEy

— John Alexander (@MacroCharting) March 28, 2017

Stock Rally Evolution

Today's story: The Evolution of a Stock Rally, as told by SP500 Real Revenue#fundamentalsareforlosers#stocks pic.twitter.com/cCMhnT8Fnp

— John Alexander (@MacroCharting) March 27, 2017

Consumer Confidence

With nothing better to do, I'll be riveted to this report once a month for the next year or so. Trendline now at 106.#consumerconfidence pic.twitter.com/45ln0v5jhZ

— John Alexander (@MacroCharting) March 26, 2017

CEO Compensation Strategies

You: "Populism for $200 Alex"

Alex Trebek: "1000%"

You: "What's the ratio of CEO pay growth to SP500 revenue growth, since 1982" pic.twitter.com/IjqeYR9RxA

— John Alexander (@MacroCharting) March 25, 2017

Forward Lies

Irony: Wall Street can engineer a quarterly Beat yet can never avoid a big full-year Miss. #analystsarefakenews#theforwardPtoEisalie pic.twitter.com/UnXB4ad1E4

— John Alexander (@MacroCharting) March 24, 2017

Stocks and Bonds Oscillator

this version of the stock/bond oscillator indicated a sell at spx=2400#stocks pic.twitter.com/nofAPnLkoX

— John Alexander (@MacroCharting) March 23, 2017

Presidential Honeymoons

Ike, Kennedy, Clinton and Trump all started with a stock market honeymoon. Here's how all newly elected presidents compare since 1928 pic.twitter.com/Uiz9PEvu09

— John Alexander (@MacroCharting) March 22, 2017

Nasdaq Outside Day

Outside Reversals usually mean an eclipse of the high/low of yesterday. Today the Nasdaq did it over a 22-day period. Unprecedented. pic.twitter.com/hkaRSpqVw8

— John Alexander (@MacroCharting) March 21, 2017

Interpolated Price to Earnings

Facts, up to date and consistently applied, are the only basis upon which to analyze our price-to-earnings ratio.#stocks pic.twitter.com/RZWHXzjyJo

— John Alexander (@MacroCharting) March 21, 2017

The Transports and The Economy

It is said: "stock prices precede economic fundamentals", and "the Transports are the index of the economy". Here's how we look.#stocks pic.twitter.com/SK5T6QGPAT

— John Alexander (@MacroCharting) March 21, 2017

Low Rates produce a low p/e

Do low rates produce a high p/e? Not according to history or valuation theory. BUT, confidence in government support produces a high p/e. pic.twitter.com/7rh3oNd5N4

— John Alexander (@MacroCharting) March 19, 2017

Lets move for a better world

Update on the waists and weights of american men#letsmoveforabetterworld pic.twitter.com/8CyMLnsvci

— John Alexander (@MacroCharting) March 18, 2017

Exports and Nationalism

SP500 sales and total all-country exports are both indicators of worldwide growth trends. Add in nationalism and make your own projection. pic.twitter.com/rmkGa55JE5

— John Alexander (@MacroCharting) March 16, 2017

Drunk Canary

Forget the coal mine, you know the party's ending when its gone on so long the canary's too drunk to even fly. Here's High Yield.... pic.twitter.com/yTt48JC80z

— John Alexander (@MacroCharting) March 14, 2017

Uncorrelating Russell

Art Cashin just made a point about Russell 2000 vs spx correlation being worrisome. Here's a chart of his point. pic.twitter.com/np1dViH1Vi

— John Alexander (@MacroCharting) March 13, 2017

Rushing Willy Nilly

The world is rushing willy-nilly into U.S. stocks#fundamentalsareforlosers pic.twitter.com/6gUJMmGVkv

— John Alexander (@MacroCharting) March 12, 2017

Beating Estimates

With 98% of companies now final for 4Q16 earnings, the official line is that 66% of them BEAT estimates, but here's the reality. Hilarious. pic.twitter.com/C2XTiqWCl2

— John Alexander (@MacroCharting) March 10, 2017

Declining Forecasts

Investor Stock Price Forecast and CEO Earnings Forecast are diverging. Perhaps This Time Is Different, and now #fundamentalsareforlosers pic.twitter.com/SiO6HvNL4I

— John Alexander (@MacroCharting) March 9, 2017

Crude Oil Update

Just an update to my 3/2/17 tweet about Crude Oil, extending that same chart. Oil continues to look pretty weak.#bearsignals pic.twitter.com/CrftpgCoWQ

— John Alexander (@MacroCharting) March 8, 2017

Jobless Claims

Initial Jobless Claims have become a suspect metric and yet investors seem to be watching them, if the last 12 months is any indication pic.twitter.com/bEYxl8EMHB

— John Alexander (@MacroCharting) March 8, 2017

Eight Years After

Eight years after we're 257% higher than we were at 666 on 3/6/9.

Only 1929, 1957, 1999, and 2000 can say that.#fundamentalsareforlosers pic.twitter.com/A3EAsowwpM

— John Alexander (@MacroCharting) March 6, 2017

Worker Productivity

Worker Productivity is published as a "per hour" number. What if you factored in our reduced hours and participation? Here's what you get pic.twitter.com/pw98wp9YEh

— John Alexander (@MacroCharting) March 5, 2017

Nasdaq for 50 Years

Update for everyone who's obsessing over the Nasdaq 50-year monthly close log chart. Something's gotta give.#fundamentalsareforlosers pic.twitter.com/HuMevIvnqQ

— John Alexander (@MacroCharting) March 4, 2017

Non-stop p/e expansion

At 57 months, we have eclipsed the pre-1987 and pre-2000 markets for longest streak of non-stop p/e expansion. #fundamentalsareforlosers pic.twitter.com/Lgs2XYWgzc

— John Alexander (@MacroCharting) March 3, 2017

Crude Oil Trendline

This 1-year equity rally began with the 2/11/16 oil bottom.
So if oil breaks its 1-year uptrend, what then?
Oil trendline is now at 53.50. pic.twitter.com/TZEBVrzuUi

— John Alexander (@MacroCharting) March 2, 2017

Earnings Revision

with another downward revision to 4q16 earnings and today's up move we're now at the highest p/e of the decade. #fundamentalsareforlosers pic.twitter.com/imW1mscu60

— John Alexander (@MacroCharting) March 1, 2017

Insider Selling

Earnings Update. A search on the phrase "insider selling" will show you the only people watching this chart.#sp500#stocks#insiderselling pic.twitter.com/MuQbpR3Rhx

— John Alexander (@MacroCharting) March 1, 2017