Stranger Things

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As November bleeds into December, new high-frequency data will be incorporated into an investment climate being shaped still by the public and private response to the coronavirus.  At the same time, the long drawn out game of brinkmanship between the UK and EU continues.  The only deadline that seems inviolable is the termination of the… Read More

Dollar Offered Ahead of the Weekend

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Overview: Equities are finishing the week on a firm tone, while the US dollar remains heavy.   In the Asia Pacific, only Australia and India did not end the week on a firm note.  The MSCI Asia Pacific completed its fourth consecutive weekly gain, for around a 13% gain.  Europe’s Dow Jones Stoxx 600 is edging higher… Read More

Risk Appetites Stall Ahead of the US Thanksgiving Holiday

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Overview:  The global equity rally appears to be stalling after the US markets rallied strongly yesterday.  Chinese, Taiwan, Korean, and Indian indices fell, and the MSCI Asia Pacific Index appears to have posted only its second loss this month.  European shares are narrowly mixed, leaving the Dow Jones Stoxx 600 little changed.  US equities are… Read More

Diverging PMIs Fail to Give the Dollar Lasting Support

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Overview: The contrast between the eurozone and US preliminary PMI readings caught the short-term market leaning the wrong way, and the dollar snapped back after extending its recent losses.  However, today the US dollar is back on its heels and returning to yesterday’s lows against most major currencies.  The dollar bloc and Scandis lead the… Read More

Why Trump Will Win a Second Term (and stocks know it)

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The market is closed Thursday for Thanksgiving while Friday is only a half day. As such, this is a holiday week and most of Wall Street will be away from their desks. This means we can see greater volatility as trading volumes will be very light this week. This means the few traders/funds/ institutions that… Read More

Markets Look Past Near-Term Challenges

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Overview:  News that the AstraZeneca vaccine was 70% effective but could be enhanced by changing dosage is lifting spirits and boosting equities.  Japan’s markets were closed for a national holiday, but all the equity markets in the region advanced and many by more than 1%.  Strong export figures for the first 20 days of November helped… Read More

Beware of the False Break

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The US dollar had a tough week.  It fell against all the major currencies and most of the emerging market currencies.  The major currencies remained within well-worn ranges.  The JP Morgan Emerging Market Currency Index rose by around 1%, for its third weekly gain.  It is at its best level in eight months.  The Bannockburn… Read More

The Investment Climate and the Dollar

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We have all been hopeful that a vaccine could be developed for the coronavirus, and these hopes were not vain.  Pfizer and Moderna’s promising results are just the tip of the iceberg, and in the coming weeks, more results from other companies are expected.  Make no mistake about it.  There is a several-month slog in… Read More

What Is “The Great Reset”?

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The Internet sure has been buzzing about “the Great Reset” lately.  That term has been trending on Facebook and Twitter, and the New York Times even published an article dismissing it as a “conspiracy theory”.  But it is definitely no conspiracy theory.  I was determined to get to the bottom of this whole thing, and… Read More

Bitcoin Is Going Mainstream Now!

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By Neenah Payne Bitcoin’s Sudden Acceptance As Global Finance Changes shows that MicroStrategy invested $425 million in bitcoin this summer. PayPal, MasterCard, and Visa are… Bitcoin Is Going…

Is It March All Over Again?

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October 29, 2020  by Michael Maharrey  0   0 It looks like March all over again. Pretty much everything except dollars sold off yesterday. The Dow Jones was down 943 points. The S&P 500 dropped by 3.53%. The Nasdaq plummeted by 426 points.  It was panic selling as markets fretted about the rise in COVID-19 cases, new lockdowns in… Read More