Saxo Market Call

Market shrugs off the mob on Capitol Hill, toasts the stimulus checks

January 7, 2021

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

Markets largely looked away from the Trump mob storming Capitol Hill and instead chose to toast the implications of the two Georgia Senate run-off races falling in the Democrats' favour on Dem promising new $2,000 stimulus checks when the new Congress meets. We also look at the most important development across markets: the sharp break higher in long US yields, and look at the  implications. Elsewhere, we note Chinese market underperformance overnight on the risk of US moves against major Chinese companies. Today on the call are Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy hosting and on FX

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