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Consolidative Summer Session

August 24, 2021
Overview: News that Pfizer's vaccine was granted full approval helped lift US equity indices to record highs yesterday, and this spilled over to the Asia Pacific region, where China claimed to have eradicated local cases.  The MSCI Asia Pacific Index advanced for a second session, led by a 2.5% rally in Hong Kong.  Europe's Dow Jones Stoxx…
Consolidative Summer Session Consolidative Summer Session Reviewed by Marc Chandler on August 24, 2021 Rating: 5
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Risk Appetites Return from Holiday

August 23, 2021
Overview: After an ugly week, market participants have returned with strong risk appetites.  Equities are rebounding, and the greenback is paring recent gains.  Bond yields are firm, as are commodities.  Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan.  The …
Risk Appetites Return from Holiday Risk Appetites Return from Holiday Reviewed by Marc Chandler on August 23, 2021 Rating: 5
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The Dollar: Too Much of a Good Thing or Bear-Trap Profit-Taking Ahead of the Weekend? The Dollar:  Too Much of a Good Thing or Bear-Trap Profit-Taking Ahead of the Weekend? Reviewed by Marc Chandler on August 22, 2021 Rating: 5
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FOMC Minutes Stole Some of Jackson Hole's Thunder

August 21, 2021
There are two highlights in the last full week of August that will draw the attention of investors:  the Federal Reserve's symposium (Jackson Hole) and the preliminary August PMI reports.  Still, the 800-lb gorilla in the room remains the virus. For many countries with limited access to vaccines and/or low vaccination rates, the calls in some …
FOMC Minutes Stole Some of Jackson Hole's Thunder FOMC Minutes Stole Some of Jackson Hole's Thunder Reviewed by Marc Chandler on August 21, 2021 Rating: 5
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Dollar Rides High

August 20, 2021
Overview:  Even shallow dollar dips appear to have been bought.  The Federal Reserve's confirmation that it most likely will begin tapering later this year has pushed the greenback further in the direction it was going.  The contagion coupled with purposeful efforts to curb steel output in China saw industrial commodities slide. The currencies…
Dollar Rides High Dollar Rides High Reviewed by Marc Chandler on August 20, 2021 Rating: 5
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