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No Good Deed Goes Unpunished

October 31, 2019
Overview: The equity and bond rally in North America yesterday carried over into today's session. With some notable exceptions, like China, Taiwan, Australia, and Indonesia, most bourses in Asia Pacific and Europe traded higher. US shares are little changed in early Europe after the S&P 500 rose to new record highs. The US 10-year Treasury…
No Good Deed Goes Unpunished No Good Deed Goes Unpunished Reviewed by Marc Chandler on October 31, 2019 Rating: 5
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All About Perspective

October 30, 2019
Overview: The global capital markets are mostly treading water ahead of the Federal Reserve meeting. Asia Pacific and European equities drifted lower. The MSCI Asia Pacific Index appears to have snapped a four-day advance, while the Dow Jones Stoxx 600 was trading slightly lower for the second consecutive session following a six-day rally. The S&a…
All About Perspective All About Perspective Reviewed by Marc Chandler on October 30, 2019 Rating: 5
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Calm before the Storm

October 29, 2019
Overview: The more prominent events this week still lie ahead, and the capital markets are trading accordingly.  The rally that lifted the S&P 500 to new record highs yesterday carried over into Asia, where most equity markets rose, though China, Hong Kong, and South Korea were notable exceptions. European shares are struggling in the early go…
Calm before the Storm Calm before the Storm Reviewed by Marc Chandler on October 29, 2019 Rating: 5
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Cool Video: Dollar and Fed

October 28, 2019
I joined Tom Keene and Marty Schenker (chief content officer) on the set of Bloomberg TV this morning.  Schenker discussed some of the geopolitical issues in the Middle East, and Keene asked about the impact on the dollar.  
I expressed my concern that the chief threat to the dollar's role in the world economy is the several administrations hav…
Cool Video: Dollar and Fed Cool Video: Dollar and Fed Reviewed by Marc Chandler on October 28, 2019 Rating: 5
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Politics Dominate Start of the Week before Yielding to Policy and Economics Politics Dominate Start of the Week before Yielding to Policy and Economics Reviewed by Marc Chandler on October 28, 2019 Rating: 5
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Greenback's Recovery has more Room to Run

October 27, 2019
After a three-week decline, the dollar was over-extended in our view, coming into the past week.  A correction began in recent days, and the greenback rose against the major currencies but the Canadian dollar last week.  Among emerging market currencies, Latam provided the bookends.  Ahead of today's elections (October 27), the Argentine peso …
Greenback's Recovery has more Room to Run Greenback's Recovery has more Room to Run Reviewed by Marc Chandler on October 27, 2019 Rating: 5
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Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Fed's Mid-Course Correction to be Challenged while ECB Resumes Bond Purchases Reviewed by Marc Chandler on October 26, 2019 Rating: 5
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Limping into the Weekend both Fighting and Talking

October 25, 2019
Overview: Amazon and Intel earnings offered conflicting impulses for Asia Pacific equities, but Japanese, Chinese, Australian, and South Korean shares advanced. This will allow the regional MSCI benchmark to solidify its third consecutive weekly gain. Europe's Dow Jones Stoxx 600 is little changed, and it too is closing in on its third weekly …
Limping into the Weekend both Fighting and Talking Limping into the Weekend both Fighting and Talking Reviewed by Marc Chandler on October 25, 2019 Rating: 5
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Flash PMIs Disappoint Despite Negative Interest Rates

October 24, 2019
Overview: As the UK awaits the EU's decision on its request, disappointing flash PMI readings Japan, Australia, and Germany have filled the news vacuum. Sweden's Riksbank retained a hawkish tone while keeping rates on hold, and Norway's Norges Bank also stood pat. The market expects Turkey to deliver a rate cut, while the ECB meeting i…
Flash PMIs Disappoint Despite Negative Interest Rates Flash PMIs Disappoint Despite Negative Interest Rates Reviewed by Marc Chandler on October 24, 2019 Rating: 5
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