Breaking down and making sense of global capital markets. Pre-order my new book Surplus, out Nov 3.
Joined August 2026
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Marc Chandler retweeted
BOE Initiates Tightening Cycle with Quarter-Point Hike: In the initial reaction to the US election results, the dollar and US equities were sold. The market talk was about the implications for the AI build-out. The AI meme questioned and the Philadelphia Stock… dlvr.it/TWCG4R
Marc Chandler retweeted
#USD and US index futures sold in Asia Pacific today, like yesterday, but the greenback recovered. Nasdaq settled higher yesterday but SOX lower. Today, Naz 100 futures are lower but Dow futures up 0.6%...rotation?
BOE hiked as expected.
marctomarket.com/2026/11/boe…
Marc Chandler retweeted
Mkt response to US election results initially took stocks lower, but they have recovered. The #USD is still broadly lower but may recover in North America. US data, incl Fri jobs report and Fed speak will keep Dec hike as most likely scenario.
See marctomarket.com/2026/11/ele…
Marc Chandler retweeted
Election-Inspired Dollar Setback may be Buying Opportunity Ahead of Friday's Employment Report: The US election results initially spurred a sell-off in tech shares as Democrats may be more interested in regulating AI than the current administration, and local… dlvr.it/TWBM7M
Marc Chandler retweeted
I posted a summary of Surplus, my new book, that is officially published by Prometheus today. Thanks for the support and encouragement from so many.
marctomarket.com/2026/11/sur…
Order: globepequot.com/978149309665…
Marc Chandler retweeted
#USD is mixed today, as US vote in the midterm elections. There doesn't seem to a strong fx pattern around midterm elections, but the S&P typically does well in the Q4 of the mid-term year and the 3rd yr of a prez term (2027).
marctomarket.com/2026/11/the…
Marc Chandler retweeted
The Greenback is Mixed as Americans Vote; Aussie Sold after RBA Signaled Its Fifth Hike may be its Last: The US dollar is mixed today, as Americans vote in the midterm elections. There does not seem to a robust pattern for the dollar around the midterm… dlvr.it/TW9Tb2
Marc Chandler retweeted
#USD mixed. Aussie hit after RBA hiked for 5th time and suggested it may be over. PBOC raises reserve requirement for foreign currencies and lifts USD fix for 2nd consecutive session. Oil prices firmer as hostilities continue.
See marctomarket.com/2026/11/the…
Marc Chandler retweeted
The China hawk camp likes to point out how weak US and European exports to PRC have been. They stack the deck a bit and ignore news that does not fit their priors. Consider last week, SKorea reported its exports to PRC rose 133.6% y/y in Oct. SK auto exports rose by 18% y/y.
Marc Chandler retweeted
There is a resilience today in the capital markets. France premium over Germany is a little tighter despite Fitch's cut of the French outlook. Tech recovers though S&P cut Meta's outlook. Oil prices slump 4-5% after contract highs before the weekend.
marctomarket.com/2026/11/wha…
Marc Chandler retweeted
November Monthly:
AI Cracks
US Dollar Resilience Tested
Politics
Monetary Policy
Bannockburn World Currency Index
Individual Currency Outlook
marctomarket.com/2026/10/nov…
Marc Chandler retweeted
November 2026 Monthly: The EU and China understanding was one of the highlights of October, but the China shock rolls on. The economic disruption from China's export drive continues. Even as the Chinese yuan gradually appreciates, the price competitiveness of… dlvr.it/TW7Q7Y
Marc Chandler retweeted
Greenback Dragged Lower by Questions of the AI Meme: The US dollar is finishing the week offered. The proximate cause is the arguably softer rates and the as a result of new questions about the AI-meme, following the disappointing Amazon and Intel earnings news… dlvr.it/TW6llD
Marc Chandler retweeted
Gradualist Fed saw the yield curve steepen yesterday. Fed's Warsh is not waiting for task forces to reduce # of live FOMC meetings in the next 2 years. Attention turns to ECB meeting today and BOJ tomorrow. Both hold but likely hike in Dec.
marctomarket.com/2026/10/gra…
Marc Chandler retweeted
Gradualist Fed, AI Questions, and Slightly Firmer Greenback Ahead of ECB's Most Likely Stand Pat Decision: The dollar is firmer than most of the G10 currencies today, in the aftermath of the FOMC meeting. Fed Chair Warsh repeatedly noted that tightening of… dlvr.it/TW61Kg
Marc Chandler retweeted
North American session features Bank of Canada decision, UK budget, and FOMC decision. Market punished #NZD for RBNZ unexpected decision to stand pat. MSFT and GOOG also report earnings late today.
marctomarket.com/2026/10/foc…
Marc Chandler retweeted
Focus on FOMC and Bank of Canada, after Reserve Bank of New Zealand Disappointed: The US dollar is mixed against the G10 currencies today. The outlier is the New Zealand dollar, which has been punished in response to the unexpected standpat decision by the… dlvr.it/TW5HQy
Marc Chandler retweeted
Euro Underperforms: The markets are nervous, five G10 central banks meet in the next three sessions. December WTI holds above $100 a barrel as Iranian attacks continue. Israel goes to the polls today, while top security officials from Saudi Arabia, Pakistan,… dlvr.it/TW4Xkj
Marc Chandler retweeted
#USD is trading with a firmer bias. Dec WTI is holding above $100 and peripheral premiums in Europe are widening a bit today. Five G10 central banks meet in the next 3 days. Israel goes to the polls today.
See marctomarket.com/2026/10/eur…
