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Dollar Slump Halted as Stocks and Bonds Retreat

October 05, 2022
Overview: Hopes that the global tightening cycle is entering its last phase supplied the fodder for a continued dramatic rally in equities and bonds. The euro traded at par for the first time in two weeks, while sterling reached almost $1.1490, its highest since September 15. The US 10-year yield has fallen by 45 bp in the past five sessions. Yet,…
Dollar Slump Halted as Stocks and Bonds Retreat Dollar Slump Halted as Stocks and Bonds Retreat Reviewed by Marc Chandler on October 05, 2022 Rating: 5
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Stocks and Bonds Extend Rally

October 04, 2022
Overview:  The big bond and stock market seen yesterday has continued today.  The Reserve Bank of Australia’s reversion to a quarter-point hike stokes hope that the aggressive tightening cycle more broadly is set to slow.  The UN’s Conference on Trade and Development became the latest to warn that the synchronized tightening risks a global recessi…
Stocks and Bonds Extend Rally Stocks and Bonds Extend Rally Reviewed by Marc Chandler on October 04, 2022 Rating: 5
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Monday Blues

October 03, 2022
Overview: The markets begin October with some trepidation.  Rumors continue to circulate about the health of a large European bank, cross currency swaps are elevated, suggest dollars are more difficult to access.  The S&P 500 settled on new lows for the year at the end of last week.  China and South Korea on closed for national holidays. Chine…
Monday Blues Monday Blues Reviewed by Marc Chandler on October 03, 2022 Rating: 5
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October 2022 Monthly

October 02, 2022
The historic dollar rally accelerated in September. By some measures, it is as rich as it has been in the half-century since the end of Bretton Woods. Persistent price pressures, a robust labor market in many dimensions, and the Federal Reserve's latest forecasts warn that financial conditions will tighten into next year. However, we suspect t…
October 2022 Monthly October 2022 Monthly Reviewed by Marc Chandler on October 02, 2022 Rating: 5
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Week Ahead: Macro and Prices

October 01, 2022
The market has much to digest. The Bank of England's new purchases of Gilts coincided with a reassessment of the trajectory of Fed policy. After the hawkish FOMC decision and forecasts, the market briefly thought the terminal rate could be 5.25-5.50% in the middle of next year. However, by the end of last week, it had returned to around 4.5% a…
Week Ahead: Macro and Prices Week Ahead: Macro and Prices Reviewed by Marc Chandler on October 01, 2022 Rating: 5
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