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Surprise? China Undercounts Afflictions and Fatalities, Curbs Risk Taking

February 13, 2020
Overview: There is one overriding driver today, and that is the incorporation of CAT scan diagnoses of the virus in Hubei, ground-zero. This follows the arrival of WHO officials into China a couple days ago. Not only have the cases jumped, but so did the number of deaths. It plays on fears that China's figures are not reliable. But it is not j…
Surprise? China Undercounts Afflictions and Fatalities, Curbs Risk Taking Surprise? China Undercounts Afflictions and Fatalities, Curbs Risk Taking Reviewed by Marc Chandler on February 13, 2020 Rating: 5
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The Greenback Slips in Subdued Activity

February 12, 2020
Overview: Investors appear to be increasingly looking past the latest coronavirus from China as new afflictions slow. Despite the soggy close of US equities yesterday, Asia Pacific bourses are nearly all higher, led by more than 1% gains in Singapore and Thailand. The Dow Jones Stoxx 600 is at new record highs, led by consumer discretionary and ma…
The Greenback Slips in Subdued Activity The Greenback Slips in Subdued Activity Reviewed by Marc Chandler on February 12, 2020 Rating: 5
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New Calm in the Capital Markets Continues, Powell Moves to Center Stage

February 11, 2020
Overview: Investors are taking solace from reports indicating that the increase in the new coronavirus at ground zero (Hubei) is slowing. After the S&P 500 reversed early losses yesterday to close at new record highs helped keep the bullish sentiment intact. Benchmarks in Hong Kong, South Korea, Australia, and China rose for the sixth session.…
New Calm in the Capital Markets Continues, Powell Moves to Center Stage New Calm in the Capital Markets Continues, Powell Moves to Center Stage Reviewed by Marc Chandler on February 11, 2020 Rating: 5
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Quiet Start to the New Week in which Politics may Dominate

February 10, 2020
Overview: The global capital markets have begun the new week on a cautious tone as investors seek to assess the latest news on the new coronavirus. Nearly all the markets in Asia fell but China. European bourses are lower as well, with the Dow Jones Stoxx 600 off about 0.3%. US shares are soft but little changed. Benchmark yields are slightly lowe…
Quiet Start to the New Week in which Politics may Dominate Quiet Start to the New Week in which Politics may Dominate Reviewed by Marc Chandler on February 10, 2020 Rating: 5
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The Dollar is Still King

February 09, 2020
Once again the US appears to be diverging from the world.  With its large and mostly closed economy (exports plus imports as a percent of GDP), it is perceived to among the best positioned to escape the newest shock with minimal economic impact.  Europe cannot get out of its own way, and the real sector data have not confirmed the improvement in s…
The Dollar is Still King The Dollar is Still King Reviewed by Marc Chandler on February 09, 2020 Rating: 5
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US Soars while Rivals are Hobbled

February 08, 2020
We are approaching the mid-point of the first quarter, and the coronavirus from China is the new key development for businesses and investors.  The economic impact appears to be still growing as the disruption to supply chains, production, and demand continues.  The re-opening of China from the extended Lunar New Year holiday brought some relief t…
US Soars while Rivals are Hobbled US Soars while Rivals are Hobbled Reviewed by Marc Chandler on February 08, 2020 Rating: 5
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Dollar Rides High as Eurozone Disappoints, and Caution Sets In

February 07, 2020
Overview: A more cautious tone is evident today in the markets, which seem to have run well ahead of macro developments and evidence that the new coronavirus is not yet contained. After a roughly 3.5% advance in the past three sessions, the MSCI Asia Pacific index pulled back with nearly the markets in the region slipping. The Dow Jones Stoxx 600 …
Dollar Rides High as Eurozone Disappoints, and Caution Sets In Dollar Rides High as Eurozone Disappoints, and Caution Sets In Reviewed by Marc Chandler on February 07, 2020 Rating: 5
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