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Marc Chandler – US Data Continues To Weaken, What Does That Mean For Markets and Currencies? 

Cory
July 5, 2024

Marc Chandler, Managing Partner at Bannockburn Global ForEx and Editor of the Marc to Market website joins us to discuss the weakening of US economic data, exploring signs of a slowing economy and what it could mean for a potential recession and market movements.

 

With the weakening data we discuss the likelihood of the Federal Reserve cutting rates twice this year and its potential impacts on the S&P 500 and NASDAQ, which recently reached all-time highs. We also look at the currency markets, particularly the rollover in the U.S. Dollar, and its effects on international investments. 

 

Marc also touches upon the broader implications of political uncertainties and their influence on capital investments and market behaviors. Wrapping up, Marc provides a holistic view on the international landscape, highlighting how other economies are adjusting to lower rates and weaker economic performances.

 


Click here to visit Marc’s site – Marc To Market.

Discussion
26 Comments
    Jul 05, 2024 05:32 PM

    When you think of all the people that read the information on this site you would think that a lot more posters would come forward and join in on the stock conversations but in fact you get very few who even comment let alone say something of interest. These days only Matthew and Ex and I must add myself post anything worth reading. I am talking about the investing site, Jerry (OOTB) adds some interesting posts, but his concern is the political aspect.

    Then you get the dribblers guys like Charles who has been lurking around here for years but never produces even one post worth reading. When he bought Cartier Silver, Ex was talking about Cartier Resources, and he thought the two companies were the same. In his defense he said that he had a family, and it took up most of his time and at his job he had to deal with a lot of corruption which made it difficult for him to do any Due Diligence. Really, I raised three children and my wife stayed at home, but I always found time to do research and to share it.

    That is the problem with our society these days most people come up with excuses when they are challenged but they never add anything because they really can’t see beyond themselves. No wonder our civilization is in decline. DT

    Reply
      Jul 06, 2024 06:54 AM

      You are correct Dick. I picked the wrong Cartier stock. I corrected my error after your post. Thanks. I really don’t post anything anymore as I thought I was ridiculed every time I did. So I went silent. Not worth it to me. I’ve also made a fair number of investing mistakes and didn’t want to lead others new to the site down a similar path. I appreciate all the posters views on the site including yours. I know it takes time and energy to create such thoughtful analysis. Since I still work full time in real estate investing, I really don’t have much free time to divert my energies to the precious metals space. Maybe I’ll be able to retire in five years and will have time and energy to be more of an asset to the site. Cheers!

      Reply
        Jul 06, 2024 06:52 AM

        I always appreciate it when you post here at the KE Report Charles, and wishing you great success in the real estate investing business. We all make plenty of mistakes investing in such a volatile commodities sector, and even more volatile resource stocks that have their own mico fundamental risks as individual companies.

        There is no shame in sharing a bad trade with the forum here, other than the disappointment in the personal losses we occur to learn these lessons through the school of hard knocks. Personally, my biggest lessons have come from when I overlooked or a dismissed a certain risk (taxes, social licensing and community buy-in, permitting, mining strategy risk, personnel experience, financing warrant risk, not initially seeing a management team that is in this for a lifestyle company instead of actually achieving business milestones, internal conflict in management teams and the board or activist investors, etc…) Going through those experience is how we learn, and sharing them with others hopefully gives people the option to not have that happen to them.

        Sharing ideas here helps us all with the learning process, to be better informed and get a slight edge on the markets, and hopefully have better investing returns moving forward.

        Reply
          Jul 06, 2024 06:35 AM

          Charles should pop back in, since……there are some other people here that invest in REAL ESTATE,
          and have a lot of experience in the subject…

          Reply
            Jul 06, 2024 06:53 AM

            Hi Jerry – Thanks for the response. I actually work for a deveioper of apartments so it’s investing, but wanted to clarify. I’ve been in real estate for a long time. In environments like this it’s a tough business so I use resource investing as a personal hedge as they tend to run countercyclically to some extent and there is some crossover between the development of a real estate project and the development of a mine. I’ve learned a lot from KER and the community here and am eternally grateful to the KER team who puts out some really awesome content all free of charge which really makes it special.

            Jul 06, 2024 06:52 PM

            Just as a heads up, I’m going to be having Todd Sachs on the show the middle of this next week to discuss the real estate market and the environment for real estate investing. He hosts the YouTube show Sach’s Reality, and has become more focused on macroeconomics and even commodities and hard assets over the last few years, but he still runs a brokerage of agents selling homes, but has recently divested a lot of his personal real estate holdings, expecting some challenges in the years to come.

            Todd was kind enough to host me as a guest on his show about a month ago, and was also amenable to coming onto our show to share some ideas with the KER audience… so stay tuned for that….

            ___________________________________________________________

            Here’s a link to the show I did with him on May 30th:

            https://youtu.be/Xd1i0oqSOqk

            Jul 06, 2024 06:18 PM

            It is going to be very interesting in REAL ESTATE…. in the next few years…..

          Jul 06, 2024 06:00 PM

          Thanks Ex. I think it goes without saying that you have been a great addition to the KER team. I’ve enjoyed the show for a long time first with Al and Kory and then with you and Kory. I will consider your words above if I run across anything that I find interesting that might benefit the board. In the meantime, keep up the great work.

          Reply
            Jul 06, 2024 06:45 PM

            Those kind words are much appreciated Charles, and we appreciate you and all our long-term listeners of the show.

            Yes, if you see something interesting out there, then please drop a comment here for the KER crew. Cheers!

    Jul 05, 2024 05:16 PM

    OK DT, I will bite and get the conversation going: What’s your top 10 buys in Juniors and what’s your favorite jurisdictions to buy in over the next 5 years.

    Reply
      Jul 05, 2024 05:31 PM

      That is a stupid question, do you know what will happen in the next 5 years. DT

      Reply
        Jul 05, 2024 05:19 PM

        That’s how posting gets stifled. See your own post above.

        Reply
          Jul 05, 2024 05:39 PM

          Posting gets stifled because people like you don’t like to be challenged and when they are they must defend themselves with credible information. Being a prosecutor you had the power of the state telling you how to handle cross examinations, that is different from being a district attorney that must think for himself. DT

          Reply
            Jul 05, 2024 05:24 PM

            You started DT,
            not Lake and you don’t like to be challenged.

            Jul 05, 2024 05:35 PM

            Terry, do you think so just try me! Go ahead challenge me and my thinking! DT

    Jul 05, 2024 05:04 PM

    Dang……….. I had a very busy day over in the ORPHAN SECTION………. 🙂

    Gold had a great day…….

    Thanks for the mention……….DT……

    Reply
      Jul 05, 2024 05:12 PM

      I thought Silver looked much better than Gold, anyway both Silver and Gold looked great. The west is finally starting to wake up to the fact that the rest of The World wants precious metal, especially Silver. The biggest depository for Silver has just been built and it is in Singapore. DT

      Reply
        Jul 05, 2024 05:39 PM

        I posted below ……… Peter G…….. he had some great comments on silver….

        Reply
    Jul 05, 2024 05:11 PM

    Here is a good one…. from an old Ker guy…… Peter Grandich

    https://www.youtube.com/watch?v=5-3qJ6m2Y94

    Reply
      Jul 05, 2024 05:37 PM

      Hi Jerry, I always liked Peter Grandich, a self-made man who tells it like it is in his own terms. Never one to stray away from controversy and always an interesting character. He never disappoints. Thanks for your post. DT

      Reply
        Jul 05, 2024 05:45 PM

        Thank you DT. Much better than your opening post at the top of this page.

        Reply
        Jul 06, 2024 06:21 AM

        DT……… you are welcome

        Reply
    Jul 05, 2024 05:04 PM

    Here is a sample of what I thought would start a productive conversation:
    Some of my current investments are Emo, Magna, First Nordic, Benton Resources, Hercules, American Eagle, District and 50 or so others.
    As far as locations: I am starting to become concerned about the US as the Supreme Court is deviating from the constitution with regard to some people being above the Law which opens the door to theft of anyone’s property they wish with impunity; I am not so sure that the new President of Mexico is a threat to mining at this point as she has a PhD in Engineering from a US University; Argentina and Peru may be becoming more receptive to mining with their new regimes and I have been more active in Sweden as they appear to be making some positive moves in the mining areas.
    I would like to share with those their thoughts, but realize some don’t delve in these issues.

    Reply
      Jul 06, 2024 06:15 AM

      Hi Lakedweller2 – some really good thoughts on which companies you are investing in (always appreciated) and also highlighting the that US as a jurisdiction is not without it’s challenges, and that jurisdictions like Argentina are actually starting to improve. Bolivia had some more issues lately in contrast. Sweden does appear to be improving on their stance on developing more nuclear power and possibly removing the restrictions on uranium development domestically down the road. As for Mexico, the jury is still out on how this new president is going to address things like the prior administration (which she is still very much a part of their party and ilk) is going to address things like new open pit projects in Mexico or new exploration licenses and permits. We’ll have to see how things go in Mexico, but companies already grandfathered into their projects are fine…. it’s more new and developing projects that have the big question mark next to them.

      I interviewed Doc Jones on Friday, and that will be posted tomorrow on Sunday; and he gets into Magna a bit for his views on nickel, copper, and PGMs… so stay tuned for that.

      As for First Nordic, I’ve been going back and forth with Taj via email, but we are planning to get he and Adam on next week for a company update.

      Cheers!

      Reply
        Jul 06, 2024 06:02 PM

        Thanks Ex for those comments. The country remarks are in line with what I have heard also. I really hope my US fears don’t materialize, but we have to start considering a decline in safety as a reality due to the scope of intervention and deregulation over the last 25 to 50 years. US weaponization of the financial systems have spurned the BRICS to look for alternatives to the dollar and a large majority of the countries of the World may be opting in. No matter how the US goes for the average guy on the street, most of the World has had enough of Wall Street.
        We need to watch pretty much every election as it appears The Labor party got a decisive victory in England.
        We shall see how the US election goes but there are some serious fundamental issues that have surfaced concerning the Constitution. When the people no longer are treated equal under the Law, then freedom becomes relative for every citizen. Obviously different standards of legal treatment could easily affect property ownership rights being different for everyone.(By the way, the quickest way to over ride bad law from the Supremes is to pass good law in Congress. Fat chance on that)

        Reply
          Jul 06, 2024 06:58 PM

          There is so much upheaval on the global scene with a number of recently conducted elections, and a slew of upcoming elections. The winds of change are upon us, and we do seem to be reaching a critical inflection point.

          Reply

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