Today's slide deck: https://bit.ly/38L8ogz -
Today we delve into whether the intense new enthusiasm for Japanese equities is warranted, especially in relative valuation terms. Elsewhere, we look at whether the ECB is set to actually lead the Fed in tapering asset purchases and the key trigger levels for US 10-year yields, which are perhaps the only thing that can temper the advance in US equities. We also look at huge boost to uranium and at commodities more broadly as positive roll yields remain available for passive longs. FX themes, upcoming earnings and more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Intro and outro music by AShamaluevMusic