Saxo Market Call

Janet Yellen as Treasury Secretary: when doves fly.

November 24, 2020

Today's slide deck:    -

The market in a positive mood today after late developments yesterday, including news that US president-elect Biden is set to nominate former Fed Chair Janet Yellen as Secretary of the Treasury and after Trump late yesterday ordered a key agency to prepare for a presidential transition, even as he vowed to fight on against the election result. We look at the implications of Yellen as Treasury Secretary, talk emerging markets and the US dollar, why gold corrected so sharply yesterday and much more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

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