Yesterday finally saw a proper risk-off across all asset classes but it did reverse later during the US session spilling over today with USDJPY, US 10-year yields, commodities and equities higher. This week has smelled of technical selloff and repositioning on the reflation trades, so we recommend investors to put less weight on this week’s price action. In today’s podcast we also discuss our theme equity theme basket on cannabis and the growth vs value valuation spread which has hit dot-com levels. On commodities we discuss what happened this week, the rebound in oil and whether it has legs, and finally corn testing recent lows. On today’s podcast are Ole Hansen on commodities and Peter Garnry hosting and on equities.
Listen to today’s podcast and have a look at today’s slide deck.
Follow Saxo Market Call on your favorite podcast app:
If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com and we’ll look into it.
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show’s content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.
Saxo Market Call
Saxo Bank
