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Relief Rally Fueled by Liquidity not Peak in Coronavirus

February 04, 2020
Overview: The combination of the rally in US shares yesterday and the continued efforts of China to inject liquidity helped lift sentiment today. The MSCI Asia Pacific Index snapped an eight-day slide, and many markets jumped more than 1%. Led by energy and materials, Europe's Dow Jones Stoxx 600 is posting broad gains and is up over 1% in lat…
Relief Rally Fueled by Liquidity not Peak in Coronavirus Relief Rally Fueled by Liquidity not Peak in Coronavirus Reviewed by Marc Chandler on February 04, 2020 Rating: 5
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February Monthly

February 03, 2020
The global capital markets were roiled in recent weeks by the new virus that jumped species in China.  It is contagious during the incubation periods and appears similar though more aggressive than  SARS in 2003-2004.  And China is larger and significantly more integrated into the global political economy.    
The new coronavirus is impactful in se…
February Monthly February Monthly Reviewed by Marc Chandler on February 03, 2020 Rating: 5
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Inauspicious Start to the Year of the (Flying) Rat

February 03, 2020
Overview: The Year of the Rat is off to an inauspicious start as apparently a flying rat (a bat) virus has jumped to humans. China's markets re-opening amid much fanfare, and the Shanghai Composite dropped 7.7%, which is about what the futures in Singapore had anticipated. Several other markets in the region (Japan's Nikkei, Australia, Sin…
Inauspicious Start to the Year of the (Flying) Rat Inauspicious Start to the Year of the (Flying) Rat Reviewed by Marc Chandler on February 03, 2020 Rating: 5
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USD: Currency and Fulcrum

February 02, 2020
Just as a photon is both a particle and a wave, the dollar is both fulcrum of the foreign exchange market and a currency itself.  Both features were on display last week.  The dollar was firm against most of the world's currencies, as the depth and breadth of the US debt market drew savings in a time of high anxiety.  Among the majors, the gre…
USD: Currency and Fulcrum USD: Currency and Fulcrum Reviewed by Marc Chandler on February 02, 2020 Rating: 5
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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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