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Risk Appetites Join Tokyo on Vacation

September 21, 2020
Overview:  Global equity markets are off to a poor start to the week, and the dollar appears to be enjoying a safe-haven bid.  Tokyo markets are closed until Wednesday, while Asia-Pacific stocks tumbled, and the regional index is unwinding last week's gains.  The Dow Jones Stoxx 600  is off around 2.7% near midday in Europe.  It is the third d…
Risk Appetites Join Tokyo on Vacation Risk Appetites Join Tokyo on Vacation Reviewed by Marc Chandler on September 21, 2020 Rating: 5
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The Charts: Ugly Equities and a Range Bound Dollar

September 20, 2020
The major central banks have met, and not one felt it incumbent upon them to take fresh policy action.  Despite some dramatic intraday swings and close scrutiny, the euro-dollar exchange rate continues to be mainly in a $1.17-$1.19 trading range that has dominated since the end of July.  All the brouhaha about the rapid rise of the euro misses tha…
The Charts: Ugly Equities and a Range Bound Dollar The Charts: Ugly Equities and a Range Bound Dollar Reviewed by Marc Chandler on September 20, 2020 Rating: 5
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It was the Best of Times, It was the Worst of Times

September 19, 2020
After disparaging the French Revolution at the Paris G7 summit in 1989, Margaret Thatcher left a copy of Dicken's Tale of Two Cities for the French Socialist President Mitterand.  The story, as it will be recalled, contrasts the revolutionary chaos of Paris in 1789 to the peaceful London.  The French Revolution was also the subject of the seem…
It was the Best of Times, It was the Worst of Times It was the Best of Times,  It was the Worst of Times  Reviewed by Marc Chandler on September 19, 2020 Rating: 5
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When Every Thing is Said and Done, More is Said than Done

September 18, 2020
Overview:  Asia Pacific equities have taken the march on the US.  Led by a 2% rally in Shanghai, most regional markets but Australia closed the week with gains.  A two-week fall in the MSCI Asia Pacific Index has been snapped.  European stocks are little changed, and the Dow Jones Stoxx 600 is holding on to its second week of gains.  It is in the …
When Every Thing is Said and Done, More is Said than Done When Every Thing is Said and Done, More is Said than Done Reviewed by Marc Chandler on September 18, 2020 Rating: 5
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Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering

September 17, 2020
Overview:  Profit-taking after the FOMC meeting saw US equities and gold sell-off.  The high degree of uncertainty without fresh stimulus did not win investors' confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears to be the essence of the switch to an average infla…
Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering Powell Lets Steam Out of Equities and Spurs Dollar Short-Covering Reviewed by Marc Chandler on September 17, 2020 Rating: 5
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