Saxo Market Call

FOMC kneejerk reversal and ominous technical setup

December 17, 2021

Today's slide deck:  https://bit.ly/3e2SAIG   -

Today we look at the whiplash-inducing reversal of the post-FOMC equity market rally as safe haven seeking was in evidence everywhere, with the entire US yield curve dropping and gold and the Japanese yen rising. A special focus on some technical concerns for the Nasdaq 100 index after the sell-off. Elsewhere, we look at the smart recovery in gold, the latest on the natural gas situation in Europe, a batch of equity stories, especially stocks linked to the European car industry, and more. Today's pod features 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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