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The End is Nigh

December 31, 2019
Overview:  With many financial centers closed for the solar New Year, last-minute profit-taking and positioning are evident.   After posting modest declines, albeit the most in a few weeks, the losses in Europe and the US yesterday carried into the Asia Pacific session today.  Most of the markets that were open fell, led by a 1.7% decline in Austr…
The End is Nigh The End is Nigh Reviewed by Marc Chandler on December 31, 2019 Rating: 5
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2020 Vision

December 30, 2019
Palpable uncertainties that had been hanging over the investment climate in 2019 were lifted at the end.  The UK election leaves no doubt that Brexit will take place at the end of January.  The new NAFTA looks to be ratified in early 2020.  The US and China have reached an agreement that marks a cessation of the escalation of the tit-for-tat tarif…
2020 Vision 2020 Vision Reviewed by Marc Chandler on December 30, 2019 Rating: 5
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The Greenback Remains Soggy, while China and Turkey Move in Opposite Directions The Greenback Remains Soggy, while China and Turkey Move in Opposite Directions Reviewed by Marc Chandler on December 30, 2019 Rating: 5
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Greenback Struggling

December 29, 2019
The US dollar is finishing the year on a soft note.  The Federal Reserve's real broad trade-weighted dollar index, which is updated at the end of the month, was lower at the end of November than at the end of 2018 (101.85 vs. 102.00). It has eased in five of the past six months, and  December has not been kind.  In nominal terms, the dollar ha…
Greenback Struggling Greenback Struggling Reviewed by Marc Chandler on December 29, 2019 Rating: 5
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The Turn

December 28, 2019
The year is winding down quietly, and the last week of 2019 is likely to be more of the same.  The general mood of the market is quite different than a year ago.  Then investors had marked down equities dramatically amid fears of what was perceived as a synchronized downturn.  Now with additional monetary easing in the pipeline and renewed expansi…
The Turn The Turn Reviewed by Marc Chandler on December 28, 2019 Rating: 5
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Equities Rally While the Dollar Slumps into the Weekend

December 27, 2019
Overview:  Equities are finishing the holiday-shortened week on a firm note, encouraged by strong holiday internet sales in the US.  Most markets in the Asia Pacific region advanced except China and Thailand, while Japanese markets were mixed after weak industrial output and retail sales.  The MSCI Asia Pacific Index rose for the fourth consecutiv…
Equities Rally While the Dollar Slumps into the Weekend Equities Rally While the Dollar Slumps into the Weekend Reviewed by Marc Chandler on December 27, 2019 Rating: 5
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Developments in Holiday Markets

December 26, 2019
Overview:  Many centers remain closed for the holiday, and those that are open are seeing light activity.  The large bourses open in the Asia Pacific region, like Japan, China, and South Korea, advanced.  India and Taiwan equities slipped.  Most European markets remain closed.  The S&P 500 is trading a little higher in electronic activity.  Th…
Developments in Holiday Markets Developments in Holiday Markets Reviewed by Marc Chandler on December 26, 2019 Rating: 5
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Christmas Eve Market Update

December 24, 2019
Overview:  The holiday has already shut several markets, and those that are open are lightly traded.  Equity markets are mixed but little changed in the Asia Pacific region while the European benchmark, the Dow Jones Stoxx 600, was hovering around the record high.  Benchmark bond yields are slightly softer.  The US dollar is showing a firmer profi…
Christmas Eve Market Update Christmas Eve Market Update Reviewed by Marc Chandler on December 24, 2019 Rating: 5
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Sterling Continues to Unwind Election Gains

December 23, 2019
Overview:  In light volume, equities are trading with a heavier bias, bonds are mostly firm, and the dollar is softer against the major currencies.  China's equities standout with the Shanghai Composite falling over 1%.  South Korea, Australia, and Indian markets eased, but most of the smaller bourses gained. Japanese benchmarks were mixed.  E…
Sterling Continues to Unwind Election Gains Sterling Continues to Unwind Election Gains Reviewed by Marc Chandler on December 23, 2019 Rating: 5
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