In this KE Report Daily Editorial (Friday, January 16), we’re joined by Marc Chandler, Managing Partner at Bannockburn Global Forex and editor of the Marc to Market website. Marc breaks down the biggest macro drivers shaping markets early in 2026 – spanning U.S. policy uncertainty, central bank crosscurrents, global capital flows, and energy geopolitics.
Key discussion points include:
- Supreme Court, Tariffs, and Market Risks – Marc outlines why investors are closely watching the Supreme Court’s pending decision on tariffs tied to emergency powers, what different outcomes could mean for stocks and the U.S. dollar, and why tariffs are unlikely to disappear regardless of the ruling.
- Fed Policy, Inflation, and Economic Data – We discuss the disconnect between rising U.S. manufacturing output and declining manufacturing jobs, the role of automation, and how tariffs have influenced inflation. Marc also shares his outlook for the U.S. economy, interest rate cuts, and the significance of rising Treasury yields.
- Global Central Banks, FX, and Energy Markets – The conversation widens to global policy dynamics, including Japan’s yen volatility, capital flows into U.S. assets, and why oil prices have remained relatively stable despite ongoing geopolitical tensions and shifting trade relationships.
Click here to visit Marc’s site – Marc To Market – https://www.marctomarket.com/
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.