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Powell Lights Up the Dollar

March 22, 2022
Overview:  Hawkish comments by Fed Chair Powell stoked a jump in yields and lit the dollar.  News that Alibaba was boosting its share buyback program to $25 bln from $15 bln helped lift HK shares, while the weaker yen favored Japanese exporters.  Most equity markets in the region advanced.  European bourses are showing a modest upside bias with US…
Powell Lights Up the Dollar Powell Lights Up the Dollar Reviewed by Marc Chandler on March 22, 2022 Rating: 5
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China and Hong Kong Stocks Plummet, Yields Soar

March 14, 2022
Overview: While the World Health Organization debates about downgrading Covid from a pandemic, the rise China and Hong Kong cases is striking.  A lockdown in Shenzhen and restrictions in Shanghai, coupled with a record fine by PBOC officials on Tencent drove local stocks sharply lower.  China's CSI 300 fell 3% and a measure of Chinese stocks t…
China and Hong Kong Stocks Plummet, Yields Soar China and Hong Kong Stocks Plummet, Yields Soar Reviewed by Marc Chandler on March 14, 2022 Rating: 5
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Dollar Comes Back Offered

January 19, 2022
Overview:  The interest rate adjustment continues as the US 10-year Treasury yield firmed to test 1.90%, and the 2% target comes into view.  The German 10-year yield poked above zero for the first time since May 2019 and is straddling the area now. A bigger than expected rise in UK inflation lifted the 10-year Gilt yield to 1.3%, its highest level…
Dollar Comes Back Offered Dollar Comes Back Offered Reviewed by Marc Chandler on January 19, 2022 Rating: 5
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The Fed and other Central Banks in the Week Ahead

January 15, 2022
The Fed's hawkish turn was extended.  It now seems clearer to more participants that to maximize the Fed's flexibility later in the year, it will need to raise rates in March.  With the Fed still buying bonds, albeit at a slower pace, the January 26 meeting is all but ruled out.  The pricing of the Fed funds futures reflects more than a 95…
The Fed and other Central Banks in the Week Ahead The Fed and other Central Banks in the Week Ahead Reviewed by Marc Chandler on January 15, 2022 Rating: 5
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The Greenback has Abruptly Fallen Out of Favor

January 13, 2022
Overview: The 7% December CPI print did not prevent the dollar from weakening broadly.  The Dollar Index fell by 0.65%, the largest decline since late November. The 10-year yield rose by less than a basis point to poke above 1.74%.  The S&P 500 spent most of the session chopping in a 15-point range.  The greenback is still offered broadly, wit…
The Greenback has Abruptly Fallen Out of Favor The Greenback has Abruptly Fallen Out of Favor Reviewed by Marc Chandler on January 13, 2022 Rating: 5
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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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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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