Saxo Market Call

Gold stirring? Market unwilling to take a stand on inflation.

July 15, 2021

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

Today we look at the ongoing unwind of the reaction to the very hot US June CPI print from earlier this as the market seems unwilling to take a stand on rising inflation, and perhaps as well after Fed Chair Powell stuck to his guns on the Fed's attitude toward "transitory" inflation in testimony before Congress yesterday. Also, a breakdown of USDCAD after the Bank of Canada meeting yesterday, a look at whether gold is set to fully reverse its declines since the June FOMC meeting, another look at weak participation in the US equity market rally and more. Today's pod hosted by John J. Hardy.

Intro and outro music by AShamaluevMusic

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