Today's slide deck: https://bit.ly/3wrDIeN -
Today we sift through the market's reaction to the very hot US May CPI readings, pour over the contributors to the highest core CPI reading in decades and whether the market is making a mistake in pre-declaring this inflation spike as transitory. At the same time, we remind listeners that we're concerned treasury yields are weighed down by overwhelming liquidity more than reactive to data. Elsewhere, a look at grains, gold, China's attempt to temper metal price rises, Intel's bidding for a chip rival, the week ahead in macro and more. On today's pod were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Note: the SaxoStrats team has set up a fantasy league for the Euro 2020 football championship. See more here if you would like to create your own team and go head-to-head versus the SaxoStrats' own team.
Intro and outro music by AShamaluevMusic