4.4M
Downloads
1067
Episodes
The Saxo strategy team delivers insights and opinions about financial markets in a series of weekly podcasts covering all asset classes. Monday is our conversation about macroeconomy, currencies, and central banks. Tuesday is all about fixed-income ranging from governments bonds to credit. Wednesday is a jump into global equities covering earnings, themes, and single stocks. Thursday is our journey into commodities covering everything from natural gas to soybeans.
Episodes
Thursday Apr 07, 2022
Thursday Apr 07, 2022
Today's slide deck: https://bit.ly/3DRPTpt -
Today we look at the continued pressure on risk sentiment after the FOMC minutes show the Fed discussing a rapid pace of quantitative tightening that is set to phase in after the May 4 FOMC meeting and, together with US treasury net issuance, will mean an annual run rate of $2-2.5 trillion in liquidity tightening for financial markets. Financial conditions have been responding accordingly, a dangerous development for equity markets if the tightening continues apace. The US dollar has jumped back higher over the last couple of sessions against riskier currencies and the oil market may be responding to that as well as to demand reductions from Chinese lockdowns and an incoming flood of supply from further reserve releases. Copper, Facebook and more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Intro and outro music by AShamaluevMusic