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#110 Marc Chandler: The Dollar's Rally Is, If It's Not Over Yet, It's Nearly Over
Description
Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the blog Marc To Market, joins Julia La Roche on episode 110.
Chandler, who has three decades of experience in capital markets and foreign exchange, argues that the dollar trending higher since the end of the Great Financial Crisis is coming to an end.
"It seems to me in the stock market, you need a new opinion, like every week or every two weeks, but the currency markets just trend for a long time. And I think that the dollar's rally is, if it's not over yet, it's nearly over," Chandler said.
As of late, the dollar has been strong, but that's likely due to the Fed being more aggressive in raising rates and the U.S. economy looking better than the rest of the world. The Fed's tightening is likely coming to an end, and the economy weakening is likely to bring the dollar's rally to an end.
Links:
Marc to Market: http://www.marctomarket.com/
Twitter/X: https://twitter.com/marcmakingsense
Bannockburn Global Forex: https://www.bannockburnglobal.com/
The Julia La Roche Show is produced by Marlinski Media. Learn more: https://www.marlinskimedia.com/
0:00 Intro and welcome Marc Chandler to the show
1:20 Macro view and forex market
3:30 Dollar likely peaked already
6:50 What's lifted the dollar is coming to an end
7:30 Headwinds for US economy
11:30 Dollar is overvalued
15:00 Currency misalignment creating opportunity for U.S. investors to diversify more to Europe/Japan
18:20 Recession
20:30 Government spending/ deficit
22:30 Wholesale/retail price for money
24:36 Why not let the business cycle play out?
29:27 Minksy moment?
30:30 Debt is a problem, but not yet
36:40 Biggest risk for Marc
40:36 Thoughts on crypto