Today's slide deck: https://bit.ly/3pcqTU9 -
It feels almost like December 2018 with the persistent weakness in the market, but this time market participants are not screaming policy mistake by the FOMC. Instead markets are reacting to the Covid-19 Omicron variant which is increasingly adding new restrictions to countries lowering economic activity in the services sector and adding to pressures on already fragile global supply chains. In today's podcast we talk about weakness in equities, China's housing market crisis and the PBOC's 5 bps rate cut, Europe's ongoing energy crisis as cold weather is expected, the Turkish Lira in free fall, and finally a bit of single stocks stories impacting green transformation stocks. Today's pod features Peter Garnry on equities and Ole Hansen on commodities.
Intro and outro music by AShamaluevMusic