Saxo Market Call

Are investors ready for a critical week as China PPI flashes red alert?

August 9, 2021

Today's slide deck:   -

Nonfarm Payrolls on Friday surprised the market given the weak lead in from ADP on Wednesday. US interest rates shot higher denting US technology stocks while the broader market measured by the S&P 500 crushed higher. In other words, the value vs growth bet and interest rate sensitivity are back in town. Gold was knocked over by the jobs report closing lower on Friday and with thin liquidity in Asia and nervous gold traders the spot experienced a flash crash and a decline of 4.2% over little more than an hour. In today's podcast we also talk about this week's important US CPI report on Wednesday which together with the jobs report could make Jackson Hole later this month a pivotal moment in the post pandemic world. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities.

Intro and outro music by AShamaluevMusic

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