Saxo Market Call

Cognitive dissonance as super-strength US data sees treasuries rally

April 16, 2021

Today's slide deck:   -

Today we delve into the incredibly strong  US data yesterday, which the US treasury market  not only shrugged off, but rallied on, which could suggest a cautious stance on the view that strong data will ease quickly once the  stimulus sugar rush fades - but why then do US equities remain on fire. Also on the call, the  yield crush helps gold tease pivotal resistance as key pro-cyclical commodities are up almost across the board recently, some thoughts on GBP and FX and more. On today's call were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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