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Collective Sigh of Relief as Oil Prices Drop, Yields Fall, and Stocks Rise

October 06, 2026
The US dollar is mixed today, the general tone in the capital markets is constructive.  Success by the Saudi-back Yemen forces have recapture strategic territory from the Houthis, which has held drive oil prices lower. Bond yields in Europe have tumbled and the wide peripheral premiums over Germany have narrowed.  Equities are higher.  Five Fed of…
Collective Sigh of Relief as Oil Prices Drop, Yields Fall, and Stocks Rise Collective Sigh of Relief as Oil Prices Drop, Yields Fall, and Stocks Rise Reviewed by Marc Chandler on October 06, 2026 Rating: 5
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European Politics Drag the Euro Lower

October 05, 2026
The US dollar is mostly narrowly mixed today. The political woes in Europe weighed on the euro, which was driven to nearly $1.1160, a 17-month low.  The market does not like the developments in France and the 10-year premium over Germany is nearly 150 bp today.  The two leading parties in next year’s presidential contest scare investors.  The far-…
European Politics Drag the Euro Lower European Politics Drag the Euro Lower Reviewed by Marc Chandler on October 05, 2026 Rating: 5
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October 2026 Monthly

October 03, 2026
The third quarter closed with the world economy looking more resilient than it has any right to look. The wars in Iran and Ukraine continue. Energy markets have been disrupted. Food prices are broadly rising again. Central banks have resumed tightening. Yet, the high-income economies have not buckled. Despite the US tariff provocations, most count…
October 2026 Monthly October 2026 Monthly Reviewed by Marc Chandler on October 03, 2026 Rating: 5
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US Jobs Report to Help Resolve Tension between Firm Greenback and Softer Short-Term Rates US Jobs Report to Help Resolve Tension between Firm Greenback and Softer Short-Term Rates Reviewed by Marc Chandler on October 02, 2026 Rating: 5
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New Month, Same Market Dynamics

October 01, 2026
A new month begins, but the market dynamics are familiar.  Rising oil prices and rising yields have lifted the greenback broadly.  The euro and Canadian dollar have been sold to new lows for the year. Interest rate premiums over Germany within the eurozone widen as the focus is on the French and Italian budgets.  The combination of the uninspiring…
New Month, Same Market Dynamics New Month, Same Market Dynamics Reviewed by Marc Chandler on October 01, 2026 Rating: 5
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The Lack of Urgency Expressed by NY Fed President Williams Pushes Rates Lower and Weighs on the Greenback The Lack of Urgency Expressed by NY Fed President Williams Pushes Rates Lower and Weighs on the Greenback Reviewed by Marc Chandler on September 30, 2026 Rating: 5
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