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Pessimistic Omicron Assessment Squashes Risk Appetites

November 30, 2021
Overview: A pessimistic assessment offered by the CEO of Moderna shattered the fragile calm seen yesterday after the pre-weekend turmoil.  Risk appetites shriveled, sending equity markets lower and the bond markets higher.  Funding currencies rallied, with the euro and yen moving above last week's highs.  The uncertainty weighs on sentiment an…
Pessimistic Omicron Assessment Squashes Risk Appetites Pessimistic Omicron Assessment Squashes Risk Appetites Reviewed by Marc Chandler on November 30, 2021 Rating: 5
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Sentiment Remains Fragile

November 29, 2021
Overview: The fire that burnt through the capital markets before the weekend, triggered by the new Covid mutation, burned itself out in the Asian Pacific equity trading earlier today. A semblance of stability, albeit fragile and tentative, has emerged. Europe's Stoxx 600 is up about 1%, led by real estate, information technology, and energy.  …
Sentiment Remains Fragile Sentiment Remains Fragile Reviewed by Marc Chandler on November 29, 2021 Rating: 5
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The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies The Dollar Moves Back to the Fulcrum between the Funding and Higher Beta Currencies Reviewed by Marc Chandler on November 28, 2021 Rating: 5
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Jobs (US) and Inflation (EMU) Highlight the Week Ahead

November 27, 2021
The new covid variant and quick imposition of travel restrictions on several countries in southern Africa have injected a new dynamic into the mix.  It may take the better part of the next couple of weeks for scientists to get a handle on what the new mutation means and the efficacy of the current vaccination and pill regime.The initial net impact…
Jobs (US) and Inflation (EMU) Highlight the Week Ahead Jobs (US) and Inflation (EMU) Highlight the Week Ahead Reviewed by Marc Chandler on November 27, 2021 Rating: 5
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Covid Strikes Back

November 26, 2021
Overview: Concerns that a new mutation of the Covid virus has shaken the capital markets.  Equities are off hard, and bonds have rallied.  In the foreign exchange market, the Japanese yen and Swiss franc have rallied.  While there may be a safe haven bid, there also appears to be an unwinding of positions that require the buying back of the fundin…
Covid Strikes Back Covid Strikes Back Reviewed by Marc Chandler on November 26, 2021 Rating: 5
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Turkey gets a Reprieve before US Thanksgiving, but Capital Strike may not be Over Turkey gets a Reprieve before US Thanksgiving, but Capital Strike may not be Over Reviewed by Marc Chandler on November 24, 2021 Rating: 5
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Tech Sell-Off Continues

November 23, 2021
Overview:  The markets are unsettled.  Bond yields have jumped, tech stocks are leading an equity slump, and yesterday's crude oil bounce reversed.  Gold, which peaked last week near $1877, has been dumped to around $1793.  The tech sell-off in the US carried into the Asia Pacific session, and Hong Kong led most markets lower.  The local holid…
Tech Sell-Off Continues Tech Sell-Off Continues Reviewed by Marc Chandler on November 23, 2021 Rating: 5
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Market Shrugs Off Chinese Signals and Keeps the Yuan Bid

November 22, 2021
Overview:  The US dollar has come back bid from the weekend against most currencies following the talk by a couple of Fed governors about the possibility of accelerating the tapering at next month's FOMC meeting.  The weekend also saw protests against the social restrictions being imposed by several European countries in the face of a surge in…
Market Shrugs Off Chinese Signals and Keeps the Yuan Bid Market Shrugs Off Chinese Signals and Keeps the Yuan Bid Reviewed by Marc Chandler on November 22, 2021 Rating: 5
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Covid Surge Compounds Monetary Divergence to give the Euro its Biggest Weekly Loss in Five Months Covid Surge Compounds Monetary Divergence to give the Euro its Biggest Weekly Loss in Five Months Reviewed by Marc Chandler on November 21, 2021 Rating: 5
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