Episodes
Thursday Dec 08, 2022
Will market be allowed to go into hibernation until 2023?
Thursday Dec 08, 2022
Thursday Dec 08, 2022
Today's slide deck: https://bit.ly/3Y3gQAi -
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Today, we look at the overall sense that market players don't want to take any strong new bets until we get to the other side of Dec 31. We also look US treasury yields dropping through pivotal levels at the longer end of the curve and the remarkable fact that the curve remains near its most inverted even as the 2-year yield is at local range lows. The market is increasingly convinced that Fed easing is set to start within 12 months after a bit more hiking next week and early next year. We also look at crude oil dynamics, natural gas in Europe, Swedish housing prices, weak outlook from US banks, the latest woes for Tesla, the Bank of Canada keeping CAD the weakest of G10 currencies, and more. Today's pod features Peter Garnry on equities, Ole S 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.
Intro and outro music by AShamaluevMusic