Marc Chandler

Breaking Down and Making Sense of Global Capital Markets

[Marc Chandler @marcmakingsense]

My new book Surplus: The History of Too Much and the End of Economic Primacy is available for pre-order on Amazon. Out November 3, 2026 from Prometheus Books (@prometheusbks).

Pre-order: https://t.co/gf5kOXaBO0

[Marc Chandler @marcmakingsense]

ICYMI

[Marc Chandler @marcmakingsense]

Weekly Note: $USD surges after strong jobs growth, while low intensity war still being fought in ME. ECB hike seen as nearly done deal even after Q1 GDP contracts (not just Ireland, France also contract). Despite strong jobs data, Canada on hold.
https://t.co/kf79aWU5NS

[Bannockburn Capital Markets @BannockburnCM]

Week Ahead: Surging Greenback on Robust Jobs Data, while ECB Hike Seen as a Done Deal: The war in the Middle East continues to disrupt flows from the region and helps shape risk appetites. After falling by almost 14% in the last two weeks of May, July… https://t.co/ujoq12k0BR

[Marc Chandler @marcmakingsense]

Weekly analysis drops. US jobs data sufficiently strong to spur speculation of more than 25 bp hike this year by Fed. May CPI new highs. ECB to hike despite contraction in Q1 (France and Ireland). Canada to stand pat.
https://t.co/kf79aWU5NS

[Marc Chandler @marcmakingsense]

@freshmintcut @ctindale I am sorry, I thought we were talking about the future based on a certain weather pattern. Try to keep up

[Marc Chandler @marcmakingsense]

@freshmintcut @ctindale "Billions will die and half the world will be uninhabitable"
#Fearmongering

[Marc Chandler @marcmakingsense]

@freshmintcut @ctindale I will take under.

[Marc Chandler @marcmakingsense]

Weekly Note: $USD surges after strong jobs growth, while low intensity war still being fought in ME. ECB hike seen as nearly done deal even after Q1 GDP contracts (not just Ireland, France also contract). Despite strong jobs data, Canada on hold.
https://t.co/kf79aWU5NS

[Marc Chandler @marcmakingsense]

@piptrain So bond sell-off and USD rally unjustified?

[Marc Chandler @marcmakingsense]

Weekly Note: $USD surges after strong jobs growth, while low intensity war still being fought in ME. ECB hike seen as nearly done deal even after Q1 GDP contracts (not just Ireland, France also contract). Despite strong jobs data, Canada on hold.
https://t.co/kf79aWU5NS

[Marc Chandler @marcmakingsense]

@adam_tooze writes on excess capacity in PRC solar panels. Yet, overcapacity is viewed as primarily a PRC issue. In US, one of largest producers of food, ~20% of US children on nutritional supplement. That is what my new book Surplus addresses. https://t.co/zsOM16dzcb

[Marc Chandler @marcmakingsense]

Weekly analysis drops. US jobs data sufficiently strong to spur speculation of more than 25 bp hike this year by Fed. May CPI new highs. ECB to hike despite contraction in Q1 (France and Ireland). Canada to stand pat.
https://t.co/kf79aWU5NS

[Marc Chandler @marcmakingsense]

Week Ahead: Surging Greenback on Robust Jobs Data, while ECB Hike Seen as a Done Deal: The war in the Middle East continues to disrupt flows from the region and helps shape risk appetites. After falling by almost 14% in the last two weeks of May, July… https://t.co/jUsOshOxyp

[Marc Chandler @marcmakingsense]

$USD is mostly softer but the intraday momentum indicators are mostly stretched, giving the greenback scope to recover in North America. Still, with little doubt that the Fed is on hold, the reaction function to the jobs data may be muted.
See https://t.co/HFDSbZbN5R

[Bannockburn Capital Markets @BannockburnCM]

New Fed may Sap Market's Reaction Function to US Jobs Report: The low-intensity war in the Middle East continues. Crude oil looks set to close the week higher for the first time in three weeks. Meanwhile, some poor earnings have hit the tech sector this… https://t.co/3h58WQL9ye

[Marc Chandler @marcmakingsense]

New Fed may Sap Market's Reaction Function to US Jobs Report: The low-intensity war in the Middle East continues. Crude oil looks set to close the week higher for the first time in three weeks. Meanwhile, some poor earnings have hit the tech sector this… https://t.co/CYFP55A79c

[Marc Chandler @marcmakingsense]

$USD is mostly softer but the intraday momentum indicators are mostly stretched, giving the greenback scope to recover in North America. Still, with little doubt that the Fed is on hold, the reaction function to the jobs data may be muted.
See https://t.co/HFDSbZbN5R

[Marc Chandler @marcmakingsense]

The new IMF paper https://t.co/BULcn25s4w dovetails with my new book, Surplus, that will be published by @prometheusbks in the fall (but available for pre-orders). In most narratives, surplus savings has a bit part to play, but...(1/3)

[Bannockburn Capital Markets @BannockburnCM]

Softer Oil, Softer Greenback: A new ceasefire between Israel and Lebanon raises hopes of a breakthrough in US-Iran talks where a low intensity conflict has been waged under the flag of a ceasefire. The Israel-Lebanon deal reportedly does not include… https://t.co/wZuMepqbVh

[Marc Chandler @marcmakingsense]

$USD continues to hover around JPY160, but is softer against most G10 currencies. Oil is a little lower. The AI/chip story is being challenged today after Broadcom disappointed. Tomorrow features May US jobs, but limited impact for Fed outlook.
See https://t.co/TbhDpkr2UG

[Marc Chandler @marcmakingsense]

Softer Oil, Softer Greenback: A new ceasefire between Israel and Lebanon raises hopes of a breakthrough in US-Iran talks where a low intensity conflict has been waged under the flag of a ceasefire. The Israel-Lebanon deal reportedly does not include… https://t.co/oqtLckqR8M