4.3M
Downloads
1033
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
Wednesday May 03, 2023
Wednesday May 03, 2023
Link to slide deck: https://bit.ly/40XRS5t -
Today we look at yesterday's rocky market session on the March US JOLTS survey showing far fewer job openings than expected, but also on further turmoil and concern related to US regional banks. We also ponder what the reaction function to tonight's FOMC meeting will be, when the market has already fully priced a pivot and aggressive rate cut cycle into 2024 (Fed funds priced to drop to 4.40% by end of this year and another 100 basis points or more by mid-next year). Elsewhere, more bearish action in commodity prices and FX, JPY jumps on yield dump, and mixed news in incoming earnings, with bright spots but the overall earnings season and guidance heading south. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.
Click here to open an account with Saxo -
Intro and outro music by AShamaluevMusic