Marc Chandler | TalkMarkets | Page 143
Political Economist
Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. ...more

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Dollar Firms, While Equities Search For Stability
The swings in the equity markets are subsiding, bond yields are firm and the US dollar is extending its recovery.
Major Currencies Year-To-Date
Taken together, one gets a distinct impression that after an impressive rally to start the year, the currencies are rolling over. The extent of the dollar's advance is not yet clear.
Guns And Butter May Resolve US Legislative Logjam
After a volatile session in North America, the major equity indices closed higher. In fact, the 1.75% rise in the S&P 500 was the best since November 2016.
US Trade Balance Is Deteriorating, Despite Record Exports
The US trade deficit swelled in December, and the $53.1 bln shortfall was a bit larger than expected. It was the largest deficit since October 2008.
Great Graphic: European Equities Lead Move
The S&P has been choppy and is currently about 0.4% lower. European markets are off their lows but are also struggling to maintain any meaning upside momentum.
Recovering US Equities Puts Floor Under Europe After Asia Tanks
After the dramatic fall in US equities, Asian equities followed suit. The MSCI Asia Pacific Index fell 3.4% following Monday's slide of 1.7%.
Will The US Government Shutdown Again? What To Watch
A short government shutdown makes for poor optics, but the economic impact is minor and investors have come to accept this. A longer shutdown impacts GDP primarily through reduced work hours.
Dollar Consolidates While Equity Rout May Be Ebbing
The US dollar is largely consolidating the pre-weekend moves and this gives it a slightly heavier bias today.
Changing Fortunes In The Capital Markets Or Long Overdue Correction?
It is too early to conclude that the multi-year bull market is over. Discipline and prudence would advise that the initial operative assumption is that it is an arguably overdue correction.
Dollar Correction Spurred By Sell-Off In Stocks And Bonds
Much ink has been spilled discussing the break of the long-term downtrend in US yields with the recent rise in rates. We suspect that too much is being made of it.
Emerging Markets: What Changed - Friday, Feb. 2
India appears to be cracking down on cryptocurrencies. India is just the latest country in the region to push back against the use of cryptocurrencies, following China and Korea.
A Note Ahead Of US Jobs Report
The US dollar is sporting a firmer profile against all the major currencies after weakening yesterday. Frequently, it seems the Australian dollar leads the other currencies, and we note that it is making a new low for the week today.
Fed's Hawkish Hold Keeps Dollar Consolidation Intact
The US dollar strengthened in response to the FOMC statement yesterday and it is firmer in the Asian session.
Dollar And Bonds Stabilize; Equities Not Yet
The US dollar is paring yesterday's gains, and the 10-year Treasury yield has slipped back below the 2.70% level after pushing 2.73% briefly.
Dollar Bounce May Not Be Sufficient To Avoid Turn Around Tuesday
The US dollar is having one of its best days in three months. It is coinciding with the push in 10-year yields above 2.70% and the two-year yield at its highest level since 2008 (~2.13%).
A Brief Word
The US dollar is modestly firmer, but nothing to suggest an outright correction rather than consolidation.
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