Saxo Market Call

Market holds breath after testing pivotal levels

July 20, 2021

Today's slide deck:  https://bit.ly/3xRLG17   -

Markets suffered a steep extension of the sell-off yesterday, with many European bourses suffering their worst session of the year. In the US, the market found support at rather pivotal levels, with the burning tactical question from here whether the market can pull itself together and keep this sell-off in the "consolidation" category or whether we are suffered for a more significant deleveraging move, or "correction". Also on today's pod, our strategist in Australia, Eleanor Creagh, takes us through the RBA's latest thinking, the outlook down under for the economy, corporate earnings and more. The huge plunge in oil, spike in US treasuries and more also on today's pod, which is hosted by John J. Hardy.

Intro and outro music by AShamaluevMusic

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