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US market is in a world of its own. Also: Hormuz disruption timelines
Summary: Today, we note the US market's out-of-step behaviour relative to the rest of the world, as US traders have taken a buy-the-dip stance while Europe was down heavily on Tuesday and parts of Asia practically crashed overnight. US market internals continue to throw off interesting signals as well. We also note that the market continues to price a relatively short disruption to shipping through the key Strait of Hormuz and discuss on what time scale the disruption would become more profound. Macro & FX and more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.
Listen to the full episode now or follow the Saxo Market Call on your favorite podcast app.
As promised on today's pod, here is a great conversation on the Triggernometry podcast with two experts and their perspectives on the Iranian conflict.
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