Saxo Market Call

Markets on tilt with FOMC meeting up midweek

May 2, 2022

Slide deck: https://bit.ly/3vxzofF   -

Today we look at a very ugly close to markets on Friday, as the rally attempt in the wake of Amazon's  negative shocker late Thursday faltered and markets closed right at the downside tipping point ahead of this week and the much anticipated FOMC meeting up on Wednesday. We also look at why semiconductors have underperformed, signs of limitation in the physical world, including on food, positioning in commodities, the Aussie ahead  of tonight's RBA meeting and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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