Marc Chandler – Jobs Report, Inflation, Fed Rate Expectations, The Dollar, Gold, And Other Macro Movers

Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website, joins us takeaway from the jobs report and market reaction to end this week, as well as Fed policy expectations with regards to coming interest rate cuts, inflation guidance, the health of the consumer, and his technical levels to watch on the US dollar, gold, other currencies.  It’s a wide-ranging discussion where Marc separates a bunch of the macroeconomic noise from the key signals important for investors to watch out for.






Click here to visit Marc’s website – Marc to Market.

    Jan 05, 2024 05:52 PM

    The Huge Debt Bomb:

    So, who Cares? On December 29, 2023, the national debt went above 34 trillion for the first time. Since June 5th the Biden Administration added 2.54 trillion. The government is running up debt at roughly 1 trillion every three months.

    Does anyone sane believe that inflation is what The Fed claims and can be tamed. It will just keep getting worse until it blows sky high. This is unimaginable! DT

      Jan 05, 2024 05:17 PM

      When inflation rises, GNP goes up commensurate, which looks good

        Jan 05, 2024 05:33 PM

        Brumple, Where is Freaky Friday, he didn’t show up today? DT

      Jan 06, 2024 06:57 AM

      Until it isn’t, MMT (Modern Monetary Theory)
      is based upon NPD (Never Payable Debt).

    Jan 05, 2024 05:58 PM

    Oil fell over 30% vs gold since September but now looks ready to outperform for awhile.

      Jan 06, 2024 06:45 PM

      Look at the chart that I linked. You can see that oil vs gold fell over 50% between mid 2022 and mid 2023 and then bounced over 60% into September 2023 before falling over 30% by December. Now it is ready to bounce again or at least that’s what the technical picture suggests. Uptrend, downtrend or even no trend, markets “breath” (go up and down). They always have and always will because human nature drives markets and human nature never changes. Countertrend moves usually don’t mean anything and there’s no way to know for sure how long they will last or what level they will reach. This bounce could last for several months or it could bearishly abort in a week or two or even less. The downtrend that began in 2022 is not over but the one that began 3 months ago probably is even if possibly only for a little while.

        Jan 07, 2024 07:36 PM

        -Not all market moves are due to a change in fundamentals.
        -Supply demand/equation does not always supersede the charts because charts are painted by human action and humans anticipate based on fear and greed.
        -In economics supplydemand is one word. You said the demand side will remain bearish for the next 12 months but what about the supply side?
        -When the Fed finally does cut rates the outlook will not be good for stocks contrary to popular belief which is why the outlook is already not good.
        -You missed debt. Debt will also bring down an economy and the West is loaded with it.
        -I do agree that gold will outperform oil this year.

      Jan 05, 2024 05:50 PM

      I kind of followed Solway into that natgas trade. He’s out now but I’m still holding on for a little more profit.

        Jan 05, 2024 05:17 PM

        I bet you’ll get it.

    Jan 05, 2024 05:22 PM

    Next week is probably not going to be a good one for stocks.

    Jan 05, 2024 05:47 PM
    Jan 05, 2024 05:59 PM

    AAPL settled at an important fork support but I doubt very much that it will hold.

    Jan 06, 2024 06:42 AM
    Focus : DOLLAR

    Jan 08, 2024 08:00 AM

    1.) Fundamentals are measurable. What they might be in the future is debatable.
    2.) ?
    3.) You should be extremely careful with misplaced faith in authority figures especially in economics. Keynesian economics has been adopted by the West and leaves a lot to be desired since it exists to support the state and the fraudulent central banking that funds it. With that said, even a Keynesian would understand what why I said supply and demand are one word in economics. You can’t look at one or the other in isolation and still get the whole picture.
    4.) Again, you should be extremely careful misplaced faith in authority figures. The Fed doesn’t have the control that most believe it does and the data it pretends to rely on is cooked. Do you believe that the 216,000 jobs that were added last month are indicative of a strong economy as the financial media reported? Further, do you think the Fed ultimately sets interest rates or the market?
    5.) Yes, I am speculating and I gave my “green light” on gold many weeks ago and silver not long after. Nothing has changed since.