Saxo Market Call

Equities are pausing while gold is galloping higher on stimulus talk

December 8, 2020

Today's slide deck:  - 

Today we discuss the low volatility that has suddenly hit many markets including equities despite a few pockets with Tesla being one of those stocks that gained another 6% yesterday. We highlight the Tesla surge with the disconnect that is that Tesla is losing ground in Europe, the biggest EV market in the world, to Volkswagen and Renault. More stimulus talks in both the US and Japan, while Europe is finalizing its big Covid-19 stimulus package, had gold galloping yesterday We are also releasing our Outrageous Predictions 2021 today, which this year is called "the Future is Now" and describes an outrageous future and its implications for financial markets. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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