Cool Video: Bloomberg Interview – Peso, Equities, Yuan

by
Marc Chandler
My articles My offerMy siteAbout meMy videosMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon

Mark Chandler - Click to enlarge

Even before the my polling station opened today, I had the privilege of being on Bloomberg Surveillance today with Gina Cervetti and Tom Keene.

We talk about a wide range of issues directly and tangentially related to the US election. We discuss the outcome the market appears to be discounting. We talk about peso’s strength, which began in the second half of last week, before the FBI dropped its recent look at Clinton’s email. The nine-day slide in the S&P 500 may have been aggravated by the tightening of some polls, but there were other factors at work.

I also suggest the Fed funds futures, which were rock solid in recent weeks, despite the vagaries of the polls, points to a low level of concern that Trump would win. A Trump victory would be a surprise, and the people he would surround himself with and the policies he would pursue, are significantly less known that Clinton. This, as well as what investors do know, means that a Trump victory could potentially destabilize the capital markets. In turn, the destabilization of the markets would likely see the odds of a December hike downgraded.

Bloomberg provide clip of my interview. Click here.

About Marc Chandler

He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.

My articlesMy offerMy siteAbout meMy books
Follow on:LinkedINTwitterSeeking AlphaAmazon