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Trump Walks Away from North Korea. Should Beijing Worry?

February 28, 2019
Overview:  News that the US-North Korean summit ended abruptly without an agreement spurred losses in equities and gains in the Swiss franc and Japanese yen.  US President Trump willingness to walk away from the talks is important in and of itself, but it also sends a warning not to go all in on a US-China trade agreement that could also sour at t…
Trump Walks Away from North Korea. Should Beijing Worry? Trump Walks Away from North Korea. Should Beijing Worry? Reviewed by Marc Chandler on February 28, 2019 Rating: 5
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CNBC Clip: February 24 Brexit

February 27, 2019
We tried a CNBC hook-up in Asia via Skype on February 25.  I did not think there would be a clip, but I stumbled on it looking for something else.  Clickherefor the roughly 2.5-minute interview done from my apartment in NYC.  The discussion is on Brexit and sterling.  




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CNBC Clip: February 24 Brexit CNBC Clip: February 24 Brexit Reviewed by Marc Chandler on February 27, 2019 Rating: 5
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Dollar Trades Heavily, While Prospects of a Softer and Later Brexit Send Sterling Higher Dollar Trades Heavily, While Prospects of a Softer and Later Brexit Send Sterling Higher Reviewed by Marc Chandler on February 27, 2019 Rating: 5
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Brexit Dilution Lifts Sterling, while Yesterday's Equity Rally Fades, Powell Awaited Brexit Dilution Lifts Sterling, while Yesterday's Equity Rally Fades, Powell Awaited Reviewed by Marc Chandler on February 26, 2019 Rating: 5
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Dollar Thumped on Confirmation of Tariff Delay while Stocks Advance

February 25, 2019
Overview: The extension of the US-China tariff freeze had been telegraphed, but the confirmation is the single biggest driver of the day.  Equities, led by a 5%+ advance in China, have rallied in Asia and Europe. Benchmark 10-year bond yields are mostly 1-2 basis points higher.  Peripheral yields are lower.  Fitch's decision before the weekend…
Dollar Thumped on Confirmation of Tariff Delay while Stocks Advance Dollar Thumped on Confirmation of Tariff Delay while Stocks Advance Reviewed by Marc Chandler on February 25, 2019 Rating: 5
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Breakout Continues to be Elusive for the Greenback

February 24, 2019
The US dollar has failed to break higher, and this seems to boost the chances that it experiences a near-term setback.Elsewhere we suggest that two dominant themes--US-China trade talks and Brexit--will likely be delayed.   The combination of the technical condition and the macro backdrop may deter players from looking for a break out in the week …
Breakout Continues to be Elusive for the Greenback Breakout Continues to be Elusive for the Greenback Reviewed by Marc Chandler on February 24, 2019 Rating: 5
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The Week Ahead

February 23, 2019
After a dismal end of 2018, investors are faring better through the first two- thirds of the Q1 19.  Equity markets have recouped a good part of the late-2018 decline.   Bond yields, however, have not returned to where they previously were.  The tightening of financial conditions, which was both cause and effect of heightened anxiety among investo…
The Week Ahead The Week Ahead Reviewed by Marc Chandler on February 23, 2019 Rating: 5
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Markets Ending Week with A Whimper

February 22, 2019
Overview:  The global capital markets are winding down what appears to be an inconclusive week quietly and on a mixed note.  The MSCI Asia Pacific Index is poised to snap a four-day advance but held on to a nearly 2% gain for the week.  European bourses are mostly higher, and although the weekly advance of around 0.5% may not be that impressive, D…
Markets Ending Week with A Whimper Markets Ending Week with A Whimper Reviewed by Marc Chandler on February 22, 2019 Rating: 5
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Aussie Slammed by Dalian Coal Embargo, While Firmer Flash PMI does Euro Little Good Aussie Slammed by Dalian Coal Embargo, While Firmer Flash PMI does Euro Little Good Reviewed by Marc Chandler on February 21, 2019 Rating: 5
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Cool Video: Fox Business--Stocks and the US Consumer

February 20, 2019
I joined Varney and Company on Fox Business TV earlier today.    Varney had liked by bullish call on stocks from the end of last year, but seemed dismayed that I have turned cautious.  I suggested that the S&P are approaching a key area a little above 2800 that has capped in Q4 18.  
In addition to these chart points, I am concerned that the …
Cool Video: Fox Business--Stocks and the US Consumer Cool Video: Fox Business--Stocks and the US Consumer Reviewed by Marc Chandler on February 20, 2019 Rating: 5
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