Results for Fiscal
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The Greenback Remains Resilient as the Bulls Drive Equities Higher

February 03, 2021
Overview: Equities have charged higher, and the greenback is mostly firmer.  News that Draghi may become Italy's next Prime Minister has boosted Italian bonds.  The PBOC unexpectedly drained liquidity, and this may have deterred buying of Chinese stocks, a notable exception in the regional rally.  It stopped last week's four-day slide with…
The Greenback Remains Resilient as the Bulls Drive Equities Higher The Greenback Remains Resilient as the Bulls Drive Equities Higher Reviewed by Marc Chandler on February 03, 2021 Rating: 5
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Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus

January 14, 2021
Overview:  The capital markets are becalmed today. There does not appear to be much reaction to the news that the House of Representatives impeached President Trump an unprecedented second time with greater bipartisan support than previously (10 GOP voted with the Democratic majority).  Nor has there been a significant reaction to Italy's poli…
Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus Markets are Subdued Despite Impeachment and Record Chinese Trade Surplus Reviewed by Marc Chandler on January 14, 2021 Rating: 5
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Greenback Stabilizes

October 22, 2020
Overview:  Two sets of talks have riveted attention, and both appeared to have made progress yesterday. After some words, the EC, recognizing the importance of UK sovereignty, UK Prime Minister Johnson signaled a resumption of trade talks. In the US, Pelosi and Mnuchin appear to be on the verge of a deal. The dollar is consolidating yesterday'…
Greenback Stabilizes Greenback Stabilizes Reviewed by Marc Chandler on October 22, 2020 Rating: 5
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The Day After

October 07, 2020
Overview:  President Trump's tweet announced that negotiations with the House Democrat leadership had collapsed, and there will be no further talks until after the election. Many economists had been removing it from their Q4 GDP projections, but the market was caught wrongfooted.  Risk came off.  Equities were sold.  Emerging markets were sold…
The Day After The Day After Reviewed by Marc Chandler on October 07, 2020 Rating: 5
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Macro Considerations in the Week Ahead

July 04, 2020
Risk-appetites and, by implication, the capital markets entered a new phase around June 5 when the US reported an unexpectedly strong jump in the May non-farm payrolls.  The risk assets had been rallying since mid-March in anticipation of an economic recovery and fueled by the massive liquidity provided by central banks and the spending plans of g…
Macro Considerations in the Week Ahead Macro Considerations in the Week Ahead Reviewed by Marc Chandler on July 04, 2020 Rating: 5
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Will Powell have any more Luck Pushing against Negative Rate Expectations in the US? Will Powell have any more Luck Pushing against Negative Rate Expectations in the US? Reviewed by Marc Chandler on May 13, 2020 Rating: 5
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The Week Ahead: Recovering from Too Much of a Good Thing?

February 11, 2018
Too much of a good thing is bad.  That, in a nutshell, is an important insight that Hyman Minsky offered about the financial sector, but has broader application. 
The low volatility that has been a characteristic of the capital markets for the past few years spurred financial innovation to profit from it.  A broad range of financial instruments con…
The Week Ahead: Recovering from Too Much of a Good Thing? The Week Ahead:  Recovering from Too Much of a Good Thing? Reviewed by Marc Chandler on February 11, 2018 Rating: 5
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