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Bond Meltdown

April 06, 2022
Overview:  Federal Reserve Governor Brainard's suggestion of a rapid unwind of the Fed's balance sheet stoked a bond market sell-off that is continuing today, rippling through the capital markets.  The US 10-year yield is rising for the fourth consecutive session.  The six-basis point gain today puts the yield near 2.62%, which represents …
Bond Meltdown Bond Meltdown Reviewed by Marc Chandler on April 06, 2022 Rating: 5
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RBA Drops "patience" to Send the Aussie Higher

April 05, 2022
Overview: The Reserve Bank of Australia hinted that it was getting closer to a rate hike.  The Australian dollar was bid to its best level since the middle of last year.  Australian stocks advanced in a mixed regional session while China and Hong Kong markets were closed for the local holiday.  BOJ Kuroda called the yen's recent moves "ra…
RBA Drops "patience" to Send the Aussie Higher RBA Drops "patience" to Send the Aussie Higher Reviewed by Marc Chandler on April 05, 2022 Rating: 5
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China Bends, Russia Doubles Down, and the Euro Approaches $1.10

April 04, 2022
Overview: Russia's brutality as it re-positioned forces in Ukraine and China's move to ease the clash with US auditors dominate the news.  Hong Kong tech stocks rallied on the news while mainland markets are closed today and tomorrow for a national holiday.  The MSCI Asia Pacific Index has traded higher for the past three weeks.  European …
China Bends, Russia Doubles Down, and the Euro Approaches $1.10 China Bends, Russia Doubles Down, and the Euro Approaches $1.10 Reviewed by Marc Chandler on April 04, 2022 Rating: 5
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European Currencies Continue to Bear the Brunt

March 03, 2022
Overview: Russia's invasion of Ukraine and the global response is a game-changer, as Fed Chair Powell told Congress yesterday.  The UK-based research group NISER estimated that world output will be cut by 1% next year or $1 trillion, and global inflation will be boosted by three percentage points this year and two next.  The recovery in US sto…
European Currencies Continue to Bear the Brunt European Currencies Continue to Bear the Brunt Reviewed by Marc Chandler on March 03, 2022 Rating: 5
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Russia's Military Action Shakes Markets

February 24, 2022
Overview: News that the separatists were calling on Moscow for military assistance began the risk-off move, and Russia hitting targets across Ukraine has rippled across the capital markets.  Equites have been upended.  Most bourses in the Asia Pacific region were off 2%-3%, while the Stoxx 600 in Europe gapped lower and is off around 3.5% in late …
Russia's Military Action Shakes Markets Russia's Military Action Shakes Markets Reviewed by Marc Chandler on February 24, 2022 Rating: 5
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No Turnaround Tuesday for Equities?

December 14, 2021
Overview:  Activity in the capital markets is subdued today, ahead of tomorrow's FOMC meeting conclusion and the ECB meeting on Thursday.  The MSCI Asia Pacific equity index fell for the third consecutive session.  European bourses are heavy after the Stoxx 600 posted an outside down day yesterday. Today would be the fifth consecutive decline.…
No Turnaround Tuesday for Equities? No Turnaround Tuesday for Equities?  Reviewed by Marc Chandler on December 14, 2021 Rating: 5
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Animal Spirits Roar Back

December 07, 2021
Overview:  A return of risk appetites can be seen through the capital markets today, arguably encouraged by ideas that Omicron is manageable and China's stimulus.  Led by Hong Kong and Japan, the MSCI Asia Pacific rose by the most in three months, while Europe's Stoxx 600 gapped higher, leaving a potentially bullish island bottom in its wa…
Animal Spirits Roar Back Animal Spirits Roar Back Reviewed by Marc Chandler on December 07, 2021 Rating: 5
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Semblance of Stability Returns though Geopolitical Tensions Rise

December 06, 2021
Overview:  The absence of negative developments surrounding Omicron over the weekend appears to be helping markets stabilize today after the dramatic moves at the end of last week.  Asia Pacific equities traded heavily, and among the large markets, only South Korea and Australia escaped unscathed today.  Europe's Stoxx 600 is trading higher, l…
Semblance of Stability Returns though Geopolitical Tensions Rise Semblance of Stability Returns though Geopolitical Tensions Rise Reviewed by Marc Chandler on December 06, 2021 Rating: 5
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