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Faltering Friday

January 22, 2021
Overview: Fear that social restrictions may have to be broadened and extended is helping spur a wave of profit-taking and de-risking, which has also been encouraged by disappointingly high-frequency data.  The equity rally seemed to falter a bit in the US, as the S&P 500 eked out a minor 0.03% gain yesterday.  In the Asia Pacific region, Hong …
Faltering Friday Faltering Friday Reviewed by Marc Chandler on January 22, 2021 Rating: 5
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It is the ECB's Turn but Little New to be Said or Done

January 21, 2021
Overview:  The S&P 500 and NASDAQ gapped higher yesterday to record-levels, and the reflation theme lifted Asia Pacific shares for the third session today.  South Korea, Taiwan, and China led the advance.  Europe's Dow Jones Stoxx 600 gapped higher and is consolidating, seemingly waiting for fresh directional clues from the US, where a sma…
It is the ECB's Turn but Little New to be Said or Done It is the ECB's Turn but Little New to be Said or Done Reviewed by Marc Chandler on January 21, 2021 Rating: 5
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The Dollar Slips to New Lows against Sterling and the Mexican Peso

January 20, 2021
Overview: Global equities are moving higher today.  Led by continued strong buying of Hong Kong shares, the MSCI Asia Pacific Index rose to new highs.  The Hang Seng is up 6% this year and is approaching the 2019 record high.  Australia's shares set a new record today.  Japan and Taiwan bucked the trend.  Europe's Dow Jones Stoxx 600 has r…
The Dollar Slips to New Lows against Sterling and the Mexican Peso The Dollar Slips to New Lows against Sterling and the Mexican Peso Reviewed by Marc Chandler on January 20, 2021 Rating: 5
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Even When She Speaks Softly, She's Yellen

January 19, 2021
Overview: The animal spirits are on the march today.  Equities are mostly higher, peripheral European bonds are firm, and the dollar is mostly softer. After posting the first back-to-back decline this year, the MSCI Asia Pacific Index bounced back today, led by a 2.7% gain in Hong Kong (20-month high) and a 2.6% rise in South Korea's Kospi.  T…
Even When She Speaks Softly, She's Yellen Even When She Speaks Softly, She's Yellen Reviewed by Marc Chandler on January 19, 2021 Rating: 5
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US is on Holiday, but the Dollar has Legs

January 18, 2021
 Overview: The new week has begun like last week ended.  Equities are a bit heavy.  The MSCI Asia Pacific Index fell for the second session, its first back-to-back loss since before Christmas.  China and Hong Kong were the notable exceptions, perhaps helped by stronger than expected GDP.  Europe's Dow Jones Stoxx 600, which fell 1% at the end …
US is on Holiday, but the Dollar has Legs US is on Holiday, but the Dollar has Legs Reviewed by Marc Chandler on January 18, 2021 Rating: 5
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