Today we look at the latest advance in US equities despite ongoing concerns centered on energy prices and the critical focus this week: the fate of Biden’s cornerstone fiscal stimulus initiatives and the onrushing debt ceiling issue as the US government’s financial year ends this Thursday. We also have the breakout higher in US long yields to consider this week, with key US and EU inflation. We also have a look at the results of the German election and implications for the formation of a government there, a possible shift in the drivers for precious metals, and more. Today’s pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.