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Trade Talk and German Industrial Output Lift Sentiment

April 05, 2019
Overview:  Comments by Chinese President Xi, recognizing substantial progress in trade, helped boost sentiment after the US-China negotiators failed to set a date for the meeting between the two presidents.  Although we have argued that the German economy may be past the worst, the sharp drop in factory orders spooked investors.  However, today…
Trade Talk and German Industrial Output Lift Sentiment Trade Talk and German Industrial Output Lift Sentiment Reviewed by Marc Chandler on April 05, 2019 Rating: 5
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Limited Price Action Does not Do Justice to Macro Developments

April 04, 2019
Overview: The global capital markets are subdued despite several macro developments.  The US and China may announce as early as today when the two presidents will meet to ostensibly sign a trade deal, while House of Commons effort to block a no-deal exit goes to the House of Lords today.  India cut interest rates by 25 bp, the second consecutive c…
Limited Price Action Does not Do Justice to Macro Developments Limited Price Action Does not Do Justice to Macro Developments Reviewed by Marc Chandler on April 04, 2019 Rating: 5
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Optimism Sweeps Through the Capital Markets

April 03, 2019
Overview: Japan announced the name of the new era that begins May 1 and a new emperor.  The connotation is of beautiful harmony.  And investors have taken the bit and run with it.  Optimism that the US and China near reaching an agreement on trade. China and Europe have reported better than expected PMIs today.  The US ISM manufacturing, reported …
Optimism Sweeps Through the Capital Markets Optimism Sweeps Through the Capital Markets Reviewed by Marc Chandler on April 03, 2019 Rating: 5
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Herding Cats

April 02, 2019
Overview:After surging yesterday, equities are struggling to maintain the momentum that carried that S&P 500 to its best level since last October.  Most Asia Pacific equity markets advanced.  Japan's small losses were a notable exception.  The Dow Jones Stoxx 600 has advanced in four of the last five sessions and is little changed, while U…
Herding Cats Herding Cats Reviewed by Marc Chandler on April 02, 2019 Rating: 5
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Cool Video: Fed's Independence Challenged and Defended

April 01, 2019
I was on the set Fox Business set this afternoon talking with Charles Payne and Quincy Krosby about Fed policy.  Payne suggested that both the political left and right are trying to politicize the Federal Reserve to print money for their favorite programs.  
I suggest the Fed's independence will not so easily be encroached upon.    There is not…
Cool Video: Fed's Independence Challenged and Defended Cool Video: Fed's Independence Challenged and Defended Reviewed by Marc Chandler on April 01, 2019 Rating: 5
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April Monthly Currency Outlook

April 01, 2019
Poor economic data and soft inflation saw several central banks, including the Federal Reserve and European Central Bank, take a dovish turn in March. Contrary to expectations that interest rates would rise as the G3 central banks were no longer adding to their balance sheets on a combined basis. The sharp drop in interest rates and the flattening…
April Monthly Currency Outlook April Monthly Currency Outlook Reviewed by Marc Chandler on April 01, 2019 Rating: 5
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China Reanimates the Animal Spirits, While Europe Finds New Ways to Disappoint China Reanimates the Animal Spirits, While Europe Finds New Ways to Disappoint Reviewed by Marc Chandler on April 01, 2019 Rating: 5
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