Was that the capitulation or more to come?
Saxo Market Call
Summary: Today we breakdown yesterday's capitulation extension after key support failed, while noting the interesting technical levels where support came in for the US market as the market rebounded strongly yesterday in late trading, as well as where the resistance levels are for judging whether we can reverse the slide or face follow-up selling. We also delve into the ongoing natural gas debacle, including risks of collateral damage in other industries and corporate credit, break down the next earnings reports of interest, key central bank meetings on the calendar, including tomorrow's FOMC and much more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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