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Update: Correlations between Selective Currencies and S&P 500

June 28, 2011
(This is an update from this post.) As the Q2 winds down, it may be useful to review the recent correlations between some of the major currencies and the US S&P 500. The correlation calculations are conducted on the basis of percentage change of the currency and the S&P 500. What follows are the highlights.
Update: Correlations between Selective Currencies and S&P 500 Update: Correlations between Selective Currencies and S&P 500 Reviewed by Marc Chandler on June 28, 2011 Rating: 5
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Greece and the French Proposal

June 27, 2011
When it comes to heading up the IMF, the French position is that Largarde should be supported not because of her nationality, but because of her experience.  Fair enough.  Mexico, now joined by Chile, Peru, Australia and Canada seem to be making the same case for Carstens. The three countries with the most votes (US, Japan and China) have not tipp…
Greece and the French Proposal Greece and the French Proposal Reviewed by Marc Chandler on June 27, 2011 Rating: 5
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US Money Markets--Another Channel of Contagion

June 27, 2011
New earlier this month that Moody's was placing 3 French banks on review for a possible downgrade renewed investors focus on the potential contagion through US money markets. It appears that European banks secured dollar funding through issuance of commercial paper and other short-term instruments that US money market funds purchase.
Fitch esti…
US Money Markets--Another Channel of Contagion US Money Markets--Another Channel of Contagion Reviewed by Marc Chandler on June 27, 2011 Rating: 5
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CNBC: Euro Higher on Greece Bailout CNBC: Euro Higher on Greece Bailout Reviewed by magonomics on June 27, 2011 Rating: 5
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Some Thoughts on Europe

June 24, 2011
The last few days have been very significant and will likely shape investors views in the weeks ahead.  While Greece remains at the epicenter of the European debt crisis, the issue is much bigger.  It has begun bleeding over not just into Ireland and Portugal, but Spain and Italy as well.
Some Thoughts on Europe Some Thoughts on Europe Reviewed by Marc Chandler on June 24, 2011 Rating: 5
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