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Podcast: We’re not buying the narrative driving the “Goldilocks data” pump

Podcast 20 minutes to read
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Saxo Market Call

Summary:  Today we look with a jaundiced eye on the market reaction Friday to what could arguably be dubbed "Goldilocks" nonfarm payrolls data, which came in sufficiently strong to suggest robust jobs growth, but slightly weaker than headline expectations, and thus less likely to bring forward a Fed tapering message, etc... Also on the call, a look into commodity performance, the enormous capital destruction in oil companies, the nervous wait for the June 16 FOMC meeting and more. On today's pod were Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.


Listen to today’s podcast and have a look at today’s slide deck.

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Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.

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