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Turn Around Tuesday?

September 22, 2020
Overview:  The S&P 500 tumbled for its fourth consecutive, the longest losing streak since February.  The dollar strengthened broadly.  Part of this may be the safe-haven bid the dollar often seems to have, reflecting the unwinding of financial structures when risk assets sell-off hard.  Part of it appeared to be foreign investors liquidating …
Turn Around Tuesday? Turn Around Tuesday? Reviewed by Marc Chandler on September 22, 2020 Rating: 5
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Risk Appetites Join Tokyo on Vacation

September 21, 2020
Overview:  Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid.  Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week's gains.  The Dow Jones Stoxx 600  is off around 2.7% near midday in Europe.  It is the third d…
Risk Appetites Join Tokyo on Vacation Risk Appetites Join Tokyo on Vacation Reviewed by Marc Chandler on September 21, 2020 Rating: 5
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The Charts: Ugly Equities and a Range Bound Dollar

September 20, 2020
The major central banks have met, and not one felt it incumbent upon them to take fresh policy action.  Despite some dramatic intraday swings and close scrutiny, the euro-dollar exchange rate continues to be mainly in a $1.17-$1.19 trading range that has dominated since the end of July.  All the brouhaha about the rapid rise of the euro misses tha…
The Charts: Ugly Equities and a Range Bound Dollar The Charts: Ugly Equities and a Range Bound Dollar Reviewed by Marc Chandler on September 20, 2020 Rating: 5
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It was the Best of Times, It was the Worst of Times

September 19, 2020
After disparaging the French Revolution at the Paris G7 summit in 1989, Margaret Thatcher left a copy of Dicken's Tale of Two Cities for the French Socialist President Mitterand.  The story, as it will be recalled, contrasts the revolutionary chaos of Paris in 1789 to the peaceful London.  The French Revolution was also the subject of the seem…
It was the Best of Times, It was the Worst of Times It was the Best of Times,  It was the Worst of Times  Reviewed by Marc Chandler on September 19, 2020 Rating: 5
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When Every Thing is Said and Done, More is Said than Done

September 18, 2020
Overview:  Asia Pacific equities have taken the march on the US.  Led by a 2% rally in Shanghai, most regional markets but Australia closed the week with gains.  A two-week fall in the MSCI Asia Pacific Index has been snapped.  European stocks are little changed, and the Dow Jones Stoxx 600 is holding on to its second week of gains.  It is in the …
When Every Thing is Said and Done, More is Said than Done When Every Thing is Said and Done, More is Said than Done Reviewed by Marc Chandler on September 18, 2020 Rating: 5
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Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering

September 17, 2020
Overview:  Profit-taking after the FOMC meeting saw US equities and gold sell-off.  The high degree of uncertainty without fresh stimulus did not win investors' confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears to be the essence of the switch to an average infla…
Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering Reviewed by Marc Chandler on September 17, 2020 Rating: 5
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Dollar Eases Ahead of the FOMC

September 16, 2020
Overview:  The dollar has been sold against nearly all the world's currencies ahead of what is expected to be a dovish Federal Reserve, even if no fresh action is taken. The Scandis and Antipodean currencies are leading the majors.  The South African rand and Mexican peso are leading the emerging markets currencies higher, and the JP Morgan Em…
Dollar Eases Ahead of the FOMC Dollar Eases Ahead of the FOMC Reviewed by Marc Chandler on September 16, 2020 Rating: 5
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The Dollar Softens Ahead of the FOMC

September 15, 2020
Overview: The capital markets are relatively quiet so far today as the FOMC meeting gets underway.  Equity markets in the Asia Pacific region, but Japan and Australia advanced, and the regional benchmark rose for the fourth consecutive session.  European stocks are a little firmer.  The three-day advance has lifted the Dow Jones Stoxx 600 by about…
The Dollar Softens Ahead of the FOMC The Dollar Softens Ahead of the FOMC Reviewed by Marc Chandler on September 15, 2020 Rating: 5
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