Saxo Market Call

Sentiment comeback broadens ahead of ECB meeting

July 22, 2021

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

Today we look at the broadening improvement in risk sentiment, as European stocks got on board with the powerful US market bounce, crude oil rebounded sharply and even the lagging FX market shifted back to a more pronounced risk-on stance. Still some wood to chop to argue that markets are in the clear, but the latest action supports the view that the recent swoon in sentiment was a one off brief consolidation. Also today, a look at the yield bounce and whether rising yields as we transition to August will provide the eventual headwinds for this market's further advance. Today's pod hosted by John J. Hardy.

Intro and outro music by AShamaluevMusic

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