Marc Chandler – Recapping Election, Fed, China Policy; Looking Ahead To Catalysts Next Week
Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of Marc To Market joins us to recap last week’s market moving news and look ahead to next week.
The conversation recaps the past week’s market volatility, the Republican’s sweep in the election, and China’s monetary policy announcement. Discussions include the potential impacts of Trump’s election win on U.S. economic policies, the Fed’s interest rate cut, and global market reactions. We explore the anticipated effects of deregulation on business sectors, the ongoing geopolitical uncertainties in Europe and Asia, and the dynamics of the U.S. dollar against other currencies. We then wrap up with predictions on next week’s market movers, particularly focusing on the U.S. inflation (CPI) data.
BDC, do you follow Canacol Energy, (T-CNE). DT
DT, it’s new to me. Even with limited capitalization, CNNEF showed MS(5) (strong as a possible turn indicator) on Monday, as it closed slightly below the October 14th ATL (All Time Low) but then recovered the rest of the week into Friday’s big volume day. I suspected a ‘Weekend Wash’ by the usual suspects and this would have reinforced that thinking. Current (Sunday night) indications are that a general NatGas breakout is underway, but this must be confirmed. BDC
Hi BDC, it is interesting to try and get a feel for investing in commodities other than metals. Right now, I’m sticking with what I know but I will branch out more in the future. Cheers and beers, as Ex likes to say. DT
Thanks for both, DT! I plan on lifting one or two this afternoon after getting lucky on a large BOIL buy made Friday (about 50%). ETFs make such percentages possible, though most often for longer term position building. In this case a rule not to hold over weekends was broken/adjusted. BDC
Storm causes Gulf of Mexico Oil & Gas shutdown.
https://www.xm.com/au/research/markets/allNews/reuters/more-than-a-quarter-of-us-gulf-of-mexico-oil-16-of-natural-gas-offline-53965106
https://www.fibonomics.com/2024/11/natgas-burrowing-bottoms.html
NatGas : Burrowing Bottoms : Precious Metals : Uranium