Category Archive: 4.) Marc to Market

Currency Positioning and Technical Outlook: Dollar Correction at Hand?

Submitted by Marc Chandler, Global Head of Currency Strategy, Brown Brothers Harriman   The US dollar rose against all the major currencies in the past week.  It seems clear that the greenback’s gains were not a reflection of domestic developments, though it is true that US data stands in stark contrast with nearly every other major country. …

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Investment News – Peter Tuz, S&P 500, Getty Images, Marc Chandler

The other Dow record: Dividends The Dow has been marching to new all-time highs for a week, and dividends for these bluest of blue chips are hot on the heels of a new record too. http://rss.cnn.com/~r/rss/money_latest/~3/GEmuyInRUsE/index.html S&P’s (Meaningless) Milestone Just days after this bull market’s fourth birthday, the S&P 500 is mere basis points from …

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Dow Jones & Company News – Goldman Sachs, NEW YORK, Marc Chandler

Stock index futures signal lower Wall Street open Stock index futures pointed to a slightly weaker open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.2 percent. ICSC/Goldman Sachs release chain …...

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Dow Jones & Company News – NEW YORK, Marc Chandler, United States

Stocks creep up; Dow rises for seventh day running NEW YORK (AP) — The stock market crept higher Monday, pushing the Dow Jones industrial average to its seventh straight day of gains. http://news.yahoo.com/stocks-creep-dow-rises-seventh-day-running-203317278–finance.html Stocks slip early Monday after record week NEW YORK (AP) — Coming off a record week, the stock market is drifting lower …

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Investment News – S&P 500, Getty Images, Marc Chandler, China

S&P’s (Meaningless) Milestone Just days after this bull market’s fourth birthday, the S&P 500 is mere basis points from its all-time high of 1565.15. http://www.forbes.com/sites/larahoffmans/2013/03/11/sps-meaningless-milestone/ Stocks Put Another One In The Win Column, Apple Joins The Party Wall Street’s rally kept rolling Monday, after a choppy morning gave way to gains nearly across the board. …

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Investment News – Getty Images, Marc Chandler, China, NEW YORK

Stocks Put Another One In The Win Column, Apple Joins The Party Wall Street’s rally kept rolling Monday, after a choppy morning gave way to gains nearly across the board. The modest advance saw the Dow building on record highs and the S&P 500 within 10 points of its best close of all time. http://www.forbes.com/sites/steveschaefer/2013/03/11/stocks-put-another-one-in-the-win-column-apple-joins-the-party/ …

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Dow Jones Industrial Average News – Getty Images, Barry Ritholtz, NEW YORK, Marc Chandler

Stocks Put Another One In The Win Column, Apple Joins The Party Wall Street’s rally kept rolling Monday, after a choppy morning gave way to gains nearly across the board. The modest advance saw the Dow building on record highs and the S&P 500 within 10 points of its best close of all time. http://www.forbes.com/sites/steveschaefer/2013/03/11/stocks-put-another-one-in-the-win-column-apple-joins-the-party/ …

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CNNMoney News – Nouriel Roubini, How Obama, Marc Chandler

ECB must cut rates or risk crisis again – Roubini The European Central Bank will eventually be forced to cut interest rates or risk an even deeper recession that could test the eurozone again by inflaming political and social tensions, American economist Nouriel Roubini has warned. http://rss.cnn.com/~r/rss/money_latest/~3/uvBWALQldFg/index.html How Obama plans to save Medicare The White …

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Dow Jones Industrial Average News – Barry Ritholtz, NEW YORK, Marc Chandler, Dow Jones

Why this Historic Bull Market Has Precious Little Street Cred The four-year stock rally is the eighth-longest in history, but is still held suspect by many investors http://www.businessweek.com/articles/2013-03-11/why-this-historic-bull-market-has-precious-little-street-cred#r=rss Stocks slip early Monday after record week NEW YORK (AP) — Coming off a record week, the stock market is drifting lower in light trading Monday....

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CNNMoney News – Marc Chandler, Italy, Bob Diamond

Stocks back off record highs Investors are hitting the pause button after last week’s record-breaking rally. http://rss.cnn.com/~r/rss/money_latest/~3/zRq-b_ftuns/index.html Italy’s credit rating downgraded Fitch downgraded Italy’s credit rating Friday, saying the lack of a stable government in Rome puts the nation’s already fragile economy at risk. http://rss.cnn.com/~r/rss/money_latest/~3/M0R__pvDl7o/index.html Ex-Barclays...

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Business News – Mary Schapiro, NEW YORK, Boeing, Marc Chandler

GE Nominates Mary Schapiro to Its Board General Electric Co nominated Mary Schapiro, former chairman of the U.S. Securities and Exchange Commission, to its board. Schapiro will stand for election at the company’s annual meeting of shareholders …...

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Investment News – Marc Chandler, China, NEW YORK, Lincoln Ellis

Stocks back off record highs Investors are hitting the pause button after last week’s record-breaking rally. http://rss.cnn.com/~r/rss/money_latest/~3/zRq-b_ftuns/index.html Futures edge lower on China data, Italy downgrade By Angela Moon NEW YORK (Reuters) – Stock index futures edged lower on Monday following last week’s strong rally as Italy’s credit downgrade and mixed data from China curbed investors’ …...

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Dow Jones Industrial Average News – NEW YORK, Marc Chandler, Dow Jones, China

US stocks fall in early trading NEW YORK (AP) — U.S. stocks are opening lower after turning in a record week. http://news.yahoo.com/us-stocks-fall-early-trading-135002962–finance.html Stocks back off record highs Investors are hitting the pause button after last week’s record-breaking rally. http://rss.cnn.com/~r/rss/money_latest/~3/zRq-b_ftuns/index.html Anatomy of a Bull Market This weekend marked the four year anniversary of the 2009...

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Net Speculative Positions, Technical Forecast, Week March 04: King Dollar Returns?

Submitted by Marc Chandler, Global Head of Currency Strategy, Brown Brothers Harriman The US dollar rose against all the major currencies in the past week.  It seems clear that the greenback’s gains were not a reflection of domestic developments, though it is true that US data stands in stark contrast with nearly every other major country.   …

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Net Speculative Positions, Technical Forecast, Week February 17

Submitted by Mark Chandler, from marctomarkets.com The official talk around the G7 statement and the G20 meeting generated a great deal of needless noise in the foreign exchange room. It is almost like a librarian yelling “Quiet”.   It may be more disruptive than the initial noise. With the meetings out of the way, we expect …

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Net Speculative Positions, Technical Forecast, Week February4

Submitted by Mark Chandler, from marctomarkets.com   The main drivers of the foreign exchange market have strengthened.  This means that the current trends, especially euro strength and yen, sterling and dollar bloc weakness are likely to persist.  The recent price action will likely reinforce the trader behavior of buying euros on pullbacks and selling into bounces …

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Net Speculative Positions, Week January 28

Submitted by Mark Chandler, from marctomarkets.com   It is difficult to talk about the US dollar’s performance over the past couple of weeks.  There has been a key divergence.  The dollar has been trading higher against most currencies except the euro and those currencies, like the Swiss franc or the Scandis, that move in the euro’s …

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Net Speculative Positions, Week January 21

Submitted by Mark Chandler, from marctomarkets.com The technical tone of the major foreign currencies deteriorated in recent days.  It appears to be a cascading effect.  Favorite risk-on currencies, like the dollar-bloc, failed to participate in the move against the greenback.  The Swiss franc took the dubious honor of being the weakest currency last week, losing 2.2% …

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Net Speculative Positions, Week January 14

Submitted by Mark Chandler, from marctomarkets.com   There have been some large moves in the foreign exchange market in recent days.  The euro posted its largest rally in four months last week.  The yen has fallen to its lowest level against the dollar since June 2010 and extended the declining streak to nine consecutive weeks, something …

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Marc Chandler, SVP foreign exchange, Brown Brothers Harriman



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