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US Treasury-Fed Dispute Spurs Handwringing but Immediate Market Impact was Exaggerated US Treasury-Fed Dispute Spurs Handwringing but Immediate Market Impact was Exaggerated Reviewed by Marc Chandler on November 20, 2020 Rating: 5
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Surging Virus Saps Risk Appetites

November 19, 2020
Overview: News that the New York City was closing the schools to contain the virus sent stocks reeling in late North American dealings yesterday and spurred some profit-taking in the Asia Pacific and Europe.  Equities in the Asia Pacific region were mostly lower, though China, South Korea, and Australia's advanced and Tokyo markets were mixed.…
Surging Virus Saps Risk Appetites Surging Virus Saps Risk Appetites Reviewed by Marc Chandler on November 19, 2020 Rating: 5
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Balancing Pandemic Surge with Optimism about Vaccine

November 18, 2020
Overview:  News that Tokyo will go to its highest alert as it faces a rising contagion snapped a 12-day rally in the Nikkei, but most bourses in the Asia Pacific region excluding Japan advanced, though Chinese equities were mixed.  European equities are narrowly mixed as the Dow Jones Stoxx 600 continues to gyrate within Monday's range.  US sh…
Balancing Pandemic Surge with Optimism about Vaccine Balancing Pandemic Surge with Optimism about Vaccine Reviewed by Marc Chandler on November 18, 2020 Rating: 5
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Greenback Remains Under Pressure

November 17, 2020
Overview: Moderna's announcement did not spur nearly the magnitude of the disruption caused by Pfizer's similar announcement a week ago.  Still, in the US, the NASDAQ underperformed the other indices, and the US Dow Industrials saw record highs. US yields were firm, and the 10-yield rose almost a basis point compared with a more than 10 bp…
Greenback Remains Under Pressure Greenback Remains Under Pressure Reviewed by Marc Chandler on November 17, 2020 Rating: 5
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Risk-On Despite Surging Pandemic

November 16, 2020
Overview: Despite the surging pandemic and new restriction measure, risk-appetites appear strong to start the week.  Led by 2% gains in the Nikkei and Taiwan's Taiex, all of the Asia Pacific region's equity markets advanced.  European markets have followed suit and the Dow Jones Stoxx 600 is knocking on last week's eight-month high.   …
Risk-On Despite Surging Pandemic Risk-On Despite Surging Pandemic Reviewed by Marc Chandler on November 16, 2020 Rating: 5
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A Closer Look at the Price Action

November 15, 2020
The most promising news of a vaccine to ward off Covid-19 became a new force shaping the investment climate.  The dollar did well after suffering broadly in the prior week.  The notable exception was the New Zealand dollar, which was bolstered by the unwinding of expectations that the central bank would adopt a negative target rate. Sterling's…
A Closer Look at the Price Action A Closer Look at the Price Action  Reviewed by Marc Chandler on November 15, 2020 Rating: 5
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Prospect of a Vaccine Signals a New Game is Afoot

November 14, 2020
Pfizer's extraordinary results on developing a vaccine for Covid-19 has injected a new factor into the investment climate, even as many countries around the world continue to wrestle with a new and powerful spread of the virus.  In the US equity market, a rotation, which may have been underway previously, gained ground.  It can be illustrated …
Prospect of a Vaccine Signals a New Game is Afoot Prospect of a Vaccine Signals a New Game is Afoot Reviewed by Marc Chandler on November 14, 2020 Rating: 5
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Greenback Pares this Week's Gains while the Turkish Lira Continues to Squeeze Higher Greenback Pares this Week's Gains while the Turkish Lira Continues to Squeeze Higher Reviewed by Marc Chandler on November 13, 2020 Rating: 5
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Nervous Calm in the Capital Markets

November 12, 2020
Overview:   There is a nervous calm in the capital markets today.  The equity rally in the Asia Pacific region stalled to end an eight-day rally, though the Nikkei's rally remains intact.  The Dow Jones Stoxx 600 in Europe is consolidating near eight-month highs visited yesterday, and US shares mixed, with the NASDAQ futures a little higher an…
Nervous Calm in the Capital Markets Nervous Calm in the Capital Markets Reviewed by Marc Chandler on November 12, 2020 Rating: 5
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