Global Mail Archive
This is where you can find all of our Global Mail articles from Ivan Martchev.
3-31-20: The Fed Added $1 Trillion in March Alone
by Ivan Martchev March 31, 2020 The Fed’s balance sheet went up by about $1 trillion in the month of March alone, reaching a record $5.25 trillion. As bond and repo markets [...]
3-24-20: The U.S. Dollar Is at An All-Time High
by Ivan Martchev March 24, 2020 There are not very many all-time highs in today’s market, other than the trade-weighted exchange rate of the U.S. dollar, which on Friday registered a fresh [...]
3-17-20: The Covid-19 Panic Tsunami Is Almost Over
by Ivan Martchev March 17, 2020 This is the first pandemic sell-off in my career, a career which spans over two decades, including a tech bubble, a real-estate bubble, a financial system [...]
3-10-20: With Saudi Help, Oil is Headed into the $20s
by Ivan Martchev March 10, 2020 As I am writing this on Sunday, oil futures are down 20%, due to the inability of OPEC+ to reach a deal on oil price cuts [...]
3-3-20: A Hitchhiker’s Guide to Coronavirus
by Ivan Martchev March 3, 2020 Douglas Adams wrote the smashingly popular science fiction series called The Hitchhiker's Guide to the Galaxy. The Guide itself reportedly was an intergalactic bestseller and had [...]
2-25-20: The Correlation Between Gold and The Dollar Becomes Weirder and Weirder
by Ivan Martchev February 25, 2020 You could call gold “the anti-dollar,” as it is the purest form of hard money. This is why when gold bullion and the U.S. dollar both [...]
2-19-20: Junk Bonds Don’t Believe the Coronavirus Threat (Yet)
by Ivan Martchev February 19, 2020 The Wuhan coronavirus has a name. It’s Covid-19. Covid-19 sure has roiled the commodity markets – mainly oil. It has also pressed Treasury yields close to [...]
2-11-20: New Lows Coming for Crude Oil?
by Ivan Martchev February 11, 2020 A lot of people are surprised at how fast the S&P 500 rebounded after the initial coronavirus scare, while managing to eke out a fresh all-time [...]
2-4-20: A Viral Gift for the China Bears
By Ivan Martchev February 4, 2020 A lot of people have been caught flatfooted calling for a hard economic landing in China in the past 10 years, not realizing that because of [...]
1-28-20: Assessing the Coronavirus Panic’s Impact on the Markets
by Ivan Martchev January 28, 2020 As the SARS-like coronavirus is spreading across China, panic levels are increasing in financial markets around the world. U.S. Treasury bonds are rallying again and the [...]
1-22-20: When Stocks Go Parabolic…
January 22, 2020 The fact that the market is overbought does not mean that it will immediately correct; it means that we need to remember how overbought it is – based on [...]
1-14-20: Iranian “Wild Card” Averted, For Now
January 14, 2020 Gulf War III was certainly not part of any econometric models, but it came close – with a predator drone strike and an Iranian retaliation. Who knows what Shiite [...]