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Trees and the Forest

October 09, 2021
The Pando (pictured here) appears to be 107 acres of forest, but scientists have concluded that the nearly 47,000 genetically identical quaking aspen trees share a common root system.  It is a single organism.  It is estimated to be around 80,000 years old and weighs something of the magnitude of 13 million pounds. It may be dying. Many market par…
Trees and the Forest Trees and the Forest Reviewed by Marc Chandler on October 09, 2021 Rating: 5
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The Dollar Turns Mixed Ahead of the Jobs Report

October 08, 2021
Overview:  The dollar is narrowly mixed and bid ahead of the jobs report. The Scandis lead advancing major currencies, while the yen and Australian dollar are the laggards. Among emerging market currencies, the Turkish lira and the Russian ruble are off the most (~0.45%), while the South African rand is the top performer (~0.45%).  The JP Morgan E…
The Dollar Turns Mixed Ahead of the Jobs Report The Dollar Turns Mixed Ahead of the Jobs Report Reviewed by Marc Chandler on October 08, 2021 Rating: 5
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Hope Springs Eternal, or at least enough to Lift Risk Taking Today

October 07, 2021
Overview:  The animal spirits have been reanimated today.  Encouraged by the dramatic reversal in oil and gas prices, a deal in the US that pushes off the debt ceiling for a few weeks and talk of a new bond-buying facility in the euro area spurred further risk-taking today, ahead of tomorrow's US employment report.  The sharp upside reversal i…
Hope Springs Eternal, or at least enough to Lift Risk Taking Today Hope Springs Eternal, or at least enough to Lift Risk Taking Today Reviewed by Marc Chandler on October 07, 2021 Rating: 5
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Dollar Rallies as Energy Surge Quashes Animal Spirits

October 06, 2021
Overview: Investors worry that surging energy prices will sap economic activity and boost prices.  It is sparking a sharp drop in equities and bonds while lifting the dollar.  The Nikkei fell for the eighth consecutive session, and today's 1% drop brings the cumulative decline to 9%.  South Korea's Kospi also fell by more than 1%.  Some of…
Dollar Rallies as Energy Surge Quashes Animal Spirits Dollar Rallies as Energy Surge Quashes Animal Spirits Reviewed by Marc Chandler on October 06, 2021 Rating: 5
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Markets Look for Direction

October 05, 2021
Overview: The markets remain unsettled. The surge in energy prices, the fears emanating from China's property market, and the unresolved US fiscal drama weigh on sentiment.  Japan stocks continue to unwind earlier gains.  The Nikkei fell for the seventh consecutive session. South Korea and New Zealand markets lost more than 1%.  Hong Kong, Tai…
Markets Look for Direction Markets Look for Direction Reviewed by Marc Chandler on October 05, 2021 Rating: 5
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