Edit

Are We on the Cusp of New Leg up in Risk Assets?

July 05, 2020
The consolidative/corrective phase in the capital markets appears to be drawing to a close.  The June PMI readings confirm a significant improvement is underway and that many high-income economies are on track to return to positive growth in Q3.  At the same time, the extent of government and central bank support is unprecedented. 
The dollar fell…
Are We on the Cusp of New Leg up in Risk Assets? Are We on the Cusp of New Leg up in Risk Assets? Reviewed by Marc Chandler on July 05, 2020 Rating: 5
Edit

Macro Considerations in the Week Ahead

July 04, 2020
Risk-appetites and, by implication, the capital markets entered a new phase around June 5 when the US reported an unexpectedly strong jump in the May non-farm payrolls.  The risk assets had been rallying since mid-March in anticipation of an economic recovery and fueled by the massive liquidity provided by central banks and the spending plans of g…
Macro Considerations in the Week Ahead Macro Considerations in the Week Ahead Reviewed by Marc Chandler on July 04, 2020 Rating: 5
Edit

Dollar Thumped Ahead of US Jobs Report

July 02, 2020
Overview:  Market optimism over the possibility of a vaccine in early 2021 overshadowed the continued surge in US cases, where the 50k-a-day threshold of new cases has been breached.  Following the NASDAQ close yesterday at record highs, global equities have advanced.  Led by Hong Kong returning from yesterday's holiday, Asia Pacific equities …
Dollar Thumped Ahead of US Jobs Report Dollar Thumped Ahead of US Jobs Report Reviewed by Marc Chandler on July 02, 2020 Rating: 5
Edit

July Monthly

July 01, 2020
Many major and emerging central banks took action in June, but outside of possible technical adjustments will continue with the current supportive stance in July.  The policy focus will shift back to fiscal initiatives.  The highlights will be the EU Summit on July 12, which is considering the EC's 750 bln euro package of grants and loans, an…
July Monthly July Monthly Reviewed by Marc Chandler on July 01, 2020 Rating: 5
Edit

Second Verse Can't be Worse than the First, Can it?

July 01, 2020
Overview:  The resurgence of the contagion in the US has stopped or reversed an estimated 40% of the re-openings, but the appetite for risk has begun the second half on a firm note, helped by manufacturing PMIs that were above preliminary estimates or better than expected.  Except for Tokyo and Seoul, equities in the Asia Pacific region rose.  The…
Second Verse Can't be Worse than the First, Can it? Second Verse Can't be Worse than the First, Can it? Reviewed by Marc Chandler on July 01, 2020 Rating: 5
Subscribe to: Posts ( Atom )
Powered by Blogger.