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The Saxo strategy team delivers insights and opinions about financial markets three times a week. Monday’s episode will focus on the events that have unfolded in the past week and what you should pay attention to in the coming week. Tuesday’s episode will focus on equities both in terms of performance and other relevant developments. Thursday’s episode will focus more narrowly on a specific topic, which can be everything from earning seasons, to yield curves and oil prices. The podcast will feature a wide array of Saxo’s financial experts.
Episodes
Friday Jun 24, 2022
Yield plunge lifts equities out of the abyss
Friday Jun 24, 2022
Friday Jun 24, 2022
Slide deck: https://bit.ly/3A33BGo -
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Today we look back at yesterday's historic session with big moves lower in the US and German 2-year yields responding to PMI figures for June indicating a more rapid decline in economic activity than estimated by economists. This is naturally lifting the recession probability and the timing of it causing safe-haven flows into bonds. The most interest rate sensitive parts of the equity market were the winners yesterday such as biotechnology and bubble stocks. Across currencies we observe weakness in the USD, AUD, and NOK reflecting lower economic activity, and the pressure is also coming of the JPY due to yesterday's rates move. On commodities we touch on the weakness in wheat and the tight physical market in oil. Other topics covered are the guidance cut from Zalando and container freight rates coming down. Today's pod features Peter Garnry on equities and Ole Hansen on commodities.
Intro and outro music by AShamaluevMusic