Results for policy mix

Semblance of Calm Returns

September 27, 2022
(Business travel will prevent me from updating the blog for the next couple of days.  Thank you for your patience.  Good luck.)Overview: After extending last week’s moves yesterday, the capital markets are mostly calmer today. Sterling is firmer, as are UK Gilts. The dollar is mostly consolidating inside yesterday’s range. Equities are stable to h…
Semblance of Calm Returns Semblance of Calm Returns Reviewed by Marc Chandler on September 27, 2022 Rating: 5

The Dollar and the Fed

May 08, 2021
One of the stark developments since the initial shock of the pandemic has been the aggressiveness of the US monetary and fiscal response.  This was also true in dealing with the Great Financial Crisis.  The divergence then and now had shaped the investment climate.  On a per-capita basis, the pandemic struck the US harder than in most other high-i…
The Dollar and the Fed The Dollar and the Fed  Reviewed by Marc Chandler on May 08, 2021 Rating: 5

Divergence: The Only Macro

March 20, 2021
The major central banks have met.  The general message is that continued strong monetary support remains necessary, and the coming increase in price pressures is likely to be technical and transitory.  The US fiscal stimulus, on the back of which the OECD revised its global growth forecast up 1.4 percentage points to  5.6%, has been approved.  The…
Divergence: The Only Macro Divergence:  The Only Macro Reviewed by Marc Chandler on March 20, 2021 Rating: 5

The Dollar's Evolving Outlook

December 22, 2020
The foreign exchange market sees an average daily turnover of something on the magnitude of $6.6 trillion a day.  In a week, the turnover is sufficient to more than cover world trade for a year.  It is the largest of the capital markets.  Trends in the currency market can last for years.  A little more than a year ago, we concluded that the dollar…
The Dollar's Evolving Outlook The  Dollar's Evolving Outlook Reviewed by Marc Chandler on December 22, 2020 Rating: 5

Macro: The Policy Mix and the Quad

October 03, 2020
The pandemic has synchronized the global economic cycle.  Whether one was expanding in Q4 19 or Q20, or contracting, like Mexico and Japan, nearly every country experienced a dramatic loss of output followed by what appears to have been a sharp recovery in Q3.  The magnitude of the recovery is of interest to investors, but they are looking ahead a…
Macro: The Policy Mix and the Quad Macro:  The Policy Mix and the Quad Reviewed by Marc Chandler on October 03, 2020 Rating: 5

October Monthly

October 01, 2020
After falling in July and August, the US dollar strengthened against most of the major currencies in September.  The dramatic pullback in equities seemed to have undergirded the yen's resilience, which gained a net 0.25% against the dollar.  However, the dollar's broadly firmer tone appears corrective and consolidative in nature and coinc…
October Monthly October Monthly Reviewed by Marc Chandler on October 01, 2020 Rating: 5

Markets and the Pathogen in the Week Ahead

February 01, 2020
The infectious and mortality rates of the new coronavirus have become the main force driving the pendulum of investor sentiment toward fear. The move is all the more dramatic as the investors had been positioned for a continuation of the historic bull market in equities and eager to take on new risks.

The coronavirus has surpassed the earlier prec…
Markets and the Pathogen in the Week Ahead Markets and the Pathogen in the Week Ahead Reviewed by Marc Chandler on February 01, 2020 Rating: 5
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