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Covid Strikes Back

November 26, 2021
Overview: Concerns that a new mutation of the Covid virus has shaken the capital markets.  Equities are off hard, and bonds have rallied.  In the foreign exchange market, the Japanese yen and Swiss franc have rallied.  While there may be a safe haven bid, there also appears to be an unwinding of positions that require the buying back of the fundin…
Covid Strikes Back Covid Strikes Back Reviewed by Marc Chandler on November 26, 2021 Rating: 5
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Turkey gets a Reprieve before US Thanksgiving, but Capital Strike may not be Over Turkey gets a Reprieve before US Thanksgiving, but Capital Strike may not be Over Reviewed by Marc Chandler on November 24, 2021 Rating: 5
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Tech Sell-Off Continues

November 23, 2021
Overview:  The markets are unsettled.  Bond yields have jumped, tech stocks are leading an equity slump, and yesterday's crude oil bounce reversed.  Gold, which peaked last week near $1877, has been dumped to around $1793.  The tech sell-off in the US carried into the Asia Pacific session, and Hong Kong led most markets lower.  The local holid…
Tech Sell-Off Continues Tech Sell-Off Continues Reviewed by Marc Chandler on November 23, 2021 Rating: 5
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Market Shrugs Off Chinese Signals and Keeps the Yuan Bid

November 22, 2021
Overview:  The US dollar has come back bid from the weekend against most currencies following the talk by a couple of Fed governors about the possibility of accelerating the tapering at next month's FOMC meeting.  The weekend also saw protests against the social restrictions being imposed by several European countries in the face of a surge in…
Market Shrugs Off Chinese Signals and Keeps the Yuan Bid Market Shrugs Off Chinese Signals and Keeps the Yuan Bid Reviewed by Marc Chandler on November 22, 2021 Rating: 5
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Covid Surge Compounds Monetary Divergence to give the Euro its Biggest Weekly Loss in Five Months Covid Surge Compounds Monetary Divergence to give the Euro its Biggest Weekly Loss in Five Months Reviewed by Marc Chandler on November 21, 2021 Rating: 5
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