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Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor

October 14, 2024
Business travel will prevent the updating of the blog in the coming days.  It resumes October 19 with the Week Ahead.  
Overview:  The lack of details from China's fiscal briefing, the soft CPI (and deeper PPI deflation), and a smaller than expected trade surplus did not prevent Chinese equities from advancing (CSI 300 +1.9%). Industrial commod…
Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor Dollar Firm, China Briefing Light on Details, and Its Data Remain Poor Reviewed by Marc Chandler on October 14, 2024 Rating: 5
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Week Ahead: Is the US Rate Adjustment Nearly Over? Be On Guard for Reversal Patterns Week Ahead: Is the US Rate Adjustment Nearly Over? Be On Guard for Reversal Patterns Reviewed by Marc Chandler on October 12, 2024 Rating: 5
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Tomorrow's China Briefing Did Not Prevent the Continued Slide in Chinese Stocks Today Tomorrow's China Briefing Did Not Prevent the Continued Slide in Chinese Stocks Today Reviewed by Marc Chandler on October 11, 2024 Rating: 5
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Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut Soft US Headline CPI is Unlikely to Be Sufficient to Reanimate Expectations of another Large Fed Cut Reviewed by Marc Chandler on October 10, 2024 Rating: 5
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CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm

October 09, 2024
Overview: We suspect the market overreacted to the US jobs data, which was tainted by the lowest "establishment" response in over two decades and seasonal adjustments were likely thrown off by Hurricane Helene and the 33k strike at Boeing. We think Fed officials, and more speak today, have confirmed that it was not the game changer than …
CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm CSI 300 Drops 7%, Oil Steadies, and the US Dollar Remains Firm Reviewed by Marc Chandler on October 09, 2024 Rating: 5
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Dollar-Bloc Currencies are Disappointed by the Lack of New Chinese Fiscal Stimulus Dollar-Bloc Currencies are Disappointed by the Lack of New Chinese Fiscal Stimulus Reviewed by Marc Chandler on October 08, 2024 Rating: 5
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US Rates Extend Gains to Fray 4%

October 07, 2024
Overview: The stronger than expected US jobs report triggered a 20 bp jump in the US two-year yield and sent the greenback broadly higher. The market slashed the probability that the Fed would cut by 75 bp in Q4. There are now slightly less than 50 bp discounted in the Fed funds futures strip. US rates have continued to back up today, and both the…
US Rates Extend Gains to Fray 4% US Rates Extend Gains to Fray 4% Reviewed by Marc Chandler on October 07, 2024 Rating: 5
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