Saxo Market Call

US Thanksgiving week features key Wednesday event risks

November 22, 2021

Today's slide deck:   -

Today we look at the lay of the equity market coming into this week, where we continue to note considerable market  divergences, recapping the points from Friday, including the narrow market rally. We also look at whether credit spreads for high yield corporates are finally starting to deserve some attention. Focus in commodities on oil and especially gold this week as it is do-or-die time for bullish newcomers after the recent rally spike. The week ahead is a short one for US-based traders, with the Fed Chair nomination issue hanging over the market and the two key event risks for the week up on Wednesday, just before the long holiday weekend there. Today's pod features Peter Garnry on equities, Ole Hansen on fixed income and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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