Saxo Market Call

A strong sense of foreboding

July 30, 2021

Today's slide deck:   -

Today features Saxo CIO Steen Jakobsen, who takes a look at the implications of the internals in yesterday's US Q2 GDP estimate miss, which the US market seemed oddly to celebrate before dumping after the market close on very weak guidance from Amazon in its earnings call. We also look at factors that will continue to drive inflation, the bearish equity market technical case that is still in effect after yesterday's action and in particular, the strong sense of foreboding Steen feels as he looks at the market backdrop here. A preview of the busy economic calendar for the week ahead and more on the call. Today's pod hosted by John J. Hardy.

Intro and outro music by AShamaluevMusic

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