The market is pricing in a lot of good news for Europe and is not fully appreciating the good news we have for the U. S. The psychology is getting ahead of the fundamentals.
More Quotes from Marc Chandler:
Through this tightening cycle the market has looked at every opportunity to say the Fed is done. The Fed is not done until the market gets ahead of the Fed and it is not there yet.Marc Chandler
Coordinated intervention, including Japan intervening on the euro against the yen for the first time, would be the best thing that could happen for the euro.
Marc Chandler
My sense is we're basically moving sideways. All we did today is chop around.
Marc Chandler
We still don't know how many more rate hikes there are in the cycle and the minutes don't really shed light on that. But rate hike increases are probably not large.
Marc Chandler
Any disappointment with the Philadelphia Fed Survey could lead to renewed dollar selling. A weak number would confirm the earlier survey and suggest a downside bias in the next ISM manufacturing report.
Marc Chandler
I'd say hedging has nothing to do with what we've seen in the trade data.
Marc Chandler
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Based on Topics: Psychology QuotesBased on Keywords: appreciating
At an expense trifling indeed, compared to what she frequently spends upon unprofitable contests, she might place the moral world on a new foundation, and to rise the pinnacle of moral glory.
John Strachan
A Gorean slave girl in the presence of a free man or woman always kneels, unless excused from doing so.
John Norman
George Harrison was also a pleasure to work with. He was one of the most famous people I've ever known, but in spite of that fame, he was such a nice and friendly guy.
Alvin Lee