Why Standard Chartered's Englander Says 'Buy the Belly'

The video discusses the challenging market conditions in October, highlighting the performance of major indices like the S&P 500 and NASDAQ. It explores the currency dynamics between the US dollar and the yen, suggesting potential market risks. Steve Englander from Standard Chartered provides insights into currency undervaluation and market trends. The video also examines the yield curve's potential changes around elections and discusses trading strategies involving euro dollar contracts.

What was the performance of the S&P 500 futures in October?

• Best month since August

• Worst month since September 2011

• Worst month since November 2008

• Best month since November 2016

What is the significance of the Bloomberg Dollar Index's performance in October?

• It suggests a stable economic environment

• It shows a decline in the dollar's value

• It indicates a shift towards riskier assets

• It marks the best month since November 2016

What does the long-term chart of the US dollar against the yen suggest?

• The dollar is undervalued

• The yen is losing its haven status

• The yen might outpower the US dollar

• The dollar will continue to overpower the yen

According to Steve Englander, what is expected to happen to the dollar in the next year?

• It will strengthen significantly

• It will remain stable

• It will weaken

• It will fluctuate unpredictably

What is the expected change in the yield curve around the election, according to the interview?

• Rates at the middle of the curve are too high

• Rates further out the curve will decrease

• Rates at the shorter end will increase

• Rates at the middle of the curve will decrease