Market Volatility and Dollar Weakness (with Francine Lacqua)

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NDX

RUT

Oil

Metals

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HSBC 8.0
Investment Bank $1686.00B
Patrick George 8.5

Market Volatility and Dollar Weakness (with Francine Lacqua)

dxy

the dollar trend, we might see a correction because it's been very sharp... I think the trend overall is there for a dollar weakness in 2026.

3 calls

-2

no reliable edge (random outcomes)

11/7/2025 12:10:55 AM	medium term cautious down	21 days later	-0.21%	+0.11%

yields

I do believe we will be flirting with the dangerous zone of 5% when we go above the 20 and 30 years. Due to fiscal imbalances weighing on bond market.

9 calls

-+0

no reliable edge (random outcomes)

12/22/2025 2:42:18 PM	medium term up	20 days later	+0.43%	+0.43%
12/6/2025 1:57:50 AM	medium term up	21 days later	-1.34%	-1.34%
8/29/2025 2:18:19 PM	short term cautious down	6 days later	-5.40%	+2.70%

Show all 3 yields results

Asking how clients are living through volatility and what are main emerging risks.

Francine Lacqua
Patrick George

Markets nervous, volatile; investors ignoring emerging risks like geopolitical tensions, Fed independence, fiscal imbalances.

2026 adds layer of local politics to geopolitics; all ingredients for market moves present.
Patrick George

Dollar weakness trend driven by geopolitical uncertainty, tariff uncertainty, and diversification in foreign exchange reserves.

Might see correction after sharp move, but trend for dollar weakness in 2026.
Patrick George

Fiscal imbalances in US, Europe, UK reflected in gold price; watching Treasury market flirting with 5% on long end.

Europe embarking on massive transformation spending (infrastructure, military).
Patrick George

New trade corridors emerging between China-Gulf, China-South Asia, India-West due to geopolitical uncertainty.

HSBC Singapore/Taiwan offices now trade 18 currencies vs 5 previously, reflecting real corporate activity.

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