Hour 1 – Wide Ranging Opinions On What The Economy and Daily Life Will Look Like After COVID-19
With most of the world shutdown I hope you all are dealing with being home hoping this virus passes sooner rather than later.
I really appreciate all the emails that have come in and all of you who tuned in over the week (included the webinar on Thursday). Please keep the emails coming. I’m at home working all the time with my wife and daughter all trying to make the best of this situation.
This weekend’s show is focused on what everything from the economy to our daily life will look like when we have COVID-19 behind us. All of the perspectives are from a financial and economic perspective.
Segment 1 – Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group kicks off the show with a look at how daily life could change. I ask if only the large companies will be able to survive this shutdown. Click here to visit The Boock Report website.
Segment 3 – Marc Chandler, Managing Partner at Bannockburn Global ForEx share his insights on how this shutdown impacts the banking sector and currency markets. Click here to visit Marc’s daily blog.
Segment 4 – Rick Bensignor, Founder of Bensignor Investment Strategies deals with large hedge funds so we discuss how this major market players are operating during this time. He has some very interesting information on the lack of liquidity in the markets currently.
US Markets Up For A 3rd Day In A Row. Is it time to fade this rally already?
Chris Temple joins me for comments on the US markets and Trump’s comments on getting everyone back to work in the near term.
With US markets up for the third day in a row on the back of a US government spending deal investors are now wondering if we could see a strong V shaped recovery. Don’t get too confident just yet.
As for Trump’s comment a couple days ago regarding getting people back to work, this might be more optimism than anything. There are a couple things to note about his press conference that are not flattering.
The Dollar Is All About A Divergence In US vs European Data, Plus Comments on Safe Havens
Marc Chandler joins me today to first comment on the rollover in the US Dollar. He points to the flash PMI readings today where Europe surprised to the upside and the US number disappointed. We also discuss the US market pullback to end the week, yields crashing to historic levels and gold rising.
Yields, US dollar, and Key Data Points Globally For Next Week
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to recap this week in the markets and look ahead to next week. We start with the 30 year bond action that just sold at the lowest yield in history. We also comment on the run in the US dollar and overall trend toward US investments. Finally we wrap the call with what to watch in terms of news and data next week.
Marc Chandler wraps up this week focusing on the US Dollar and it’s strong move to 4 month highs. We outline the stronger than expected US data as a factor also for the moves in US markets. Considerations for what other countries are seeing in their data is also a key driver of money flows not just for currencies but also safe assets.
Trade Developments and Bears Are Throwing In The Towel for US Markets
Chris Temple joins me for a discussion on the phase-one trade deal and what it means for markets, sentiment, and the possibility of a phase-two deal in the future. We focus a lot on markets and the other factors continuing to dive the indexes higher.
Data and central bank easiness could continue to push markets higher
Ed Moya joins me to share views on the US equity markets and how recent data and general central bank policy could support a continued rise. There is no arguing that the current rally in US markets is due for a pullback however it could go one for a little while longer, being supported by recent news events. Pay close attention to Ed’s time frame because he is expecting volatility to creep back in the near term.
Global economic data is declining but does that mean next year will be like 2008?
Anthony Saccaro, President of Providence Financial joins me to share his thoughts on the stability of the equity market around the world. With economic data continuing to decline it’s reasonable to think a recession is around the corner but there are a number of other factors that could hold the markets up. We dive into these other factors that have helped support the markets new all time high values and just how sustainable they are.
Economic Data and Important Meetings To Watch For Next Week
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to look ahead to the economic data and and key meetings to watch for next week. While these events might not be market moving they will shed some more light on the trend of slowing economies around the world and the continued tensions not just between the US and other countries but also within some countries themselves.
Just because the markets were boring this week doesn’t mean there wasn’t important trade news and economic data
Marc Chandler wraps up this week daily editorials by recapping the trade news/comments and economic data from around the world. We also look ahead to next week with a couple predictions on European and Chinese data on tap. Overall a big picture look at where trends are heading into 2020 and what the Fed will be forced to do will be the major drivers for markets.