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Fed's Minutes Roil Markets

January 06, 2022
Overview:  The minutes from last month's FOMC meeting seemed to imply a more aggressive Federal Reserve that rippled through the capital markets, spurring a sell-off in stocks and bonds and helping to lift the US dollar.  The dramatic slide in US equities has carried over to today's activity.  In the Asia Pacific region, Japan and Australi…
Fed's Minutes Roil Markets Fed's Minutes Roil Markets Reviewed by Marc Chandler on January 06, 2022 Rating: 5
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Dollar Eases

January 05, 2022
Overview:  The tech sell-off in the US yesterday, ostensibly driven by higher rates, carried over into trading today.  South Korea, China, and Hong Kong led the regional sell-off.  News that China's zero Covid tolerance led to a lockdown of the city of Xian with a population of around 13 mln played on fears of more supply chain disruptions.  A…
Dollar Eases Dollar Eases Reviewed by Marc Chandler on January 05, 2022 Rating: 5
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Brazil and the Missing Je Ne Sais Quoi

January 04, 2022
Is Brazil cursed to be always the country of the future while struggling today? It is perhaps one of the few countries that can be self-sufficient in food, energy, and fresh water. Yet, it seems Brazil is missing a certain inexplicable something that the French call je ne sais quois. It is like trying to grow crystals as a kid without getting that…
Brazil and the Missing Je Ne Sais Quoi Brazil and the Missing Je Ne Sais Quoi Reviewed by Marc Chandler on January 04, 2022 Rating: 5
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Rising US Yields Push the Yen to New Five-Year Lows

January 04, 2022
Overview:  The surge in US yields helped lift the dollar but did not block the equity rally.  The 10-year Treasury yield surged 12 bp yesterday and the 10-year break-even widened amid ideas that the Omicron variant will boost price pressures.  Japanese and Australian markets re-opened and led the regional equity advance with nearly 2% gains.  Taiw…
Rising US Yields Push the Yen to New Five-Year Lows Rising US Yields Push the Yen to New Five-Year Lows Reviewed by Marc Chandler on January 04, 2022 Rating: 5
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January 2022 Monthly

January 03, 2022
The global business and financial climate continue to be shaped by four forces as the New Year begins: Covid, elevated price pressures, the divergence of monetary policy, and the general reduction of fiscal stimulus.  A year ago, the hope was that the vaccine would help us overcome the coronavirus, whose origin remains as mysterious as the deadly …
January 2022 Monthly January 2022 Monthly Reviewed by Marc Chandler on January 03, 2022 Rating: 5
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Quiet Start to New Year

January 03, 2022
Overview:  The New Year begins slowly.  Japan, mainland China, Australia, New Zealand, and the UK markets remain closed.  While Hong Kong shares traded heavily, Taiwan, South Korea, and India moved higher.  Led by consumer discretionary and staple sectors, Europe's Stoxx 600 is up about 0.6%.  US futures are 0.4%-0.6% higher.  European yields …
Quiet Start to New Year Quiet Start to New Year Reviewed by Marc Chandler on January 03, 2022 Rating: 5
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