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The 9-minute: Have we just seen a "harbinger of financial apocalypse"?
Podcast 9 minutes to read
Summary: Today, a quick look around global markets, where the JPY can't find a bid as long as global bond markets are under pressure, the US stock market continues its odd, micro-volatile march higher and we have Netflix trying to acquire Warner Brothers-Discovery if the deal is approved, with the FT noting that some prior Warner Brothers takeovers have come at interesting market inflection points - see link below. Also, the big move in CAD on Friday and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.
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Today’s Links
The only link we have for you today is an FT article discussing, somewhat tongue in cheek and somewhat seriously, that two of the last three times that suitors have bid up Warner Brothers (Time Warner in 1999, Warner Communications in 1990), it was just before an ugly turn in the market, or a "harbinger of financial apocalypse".
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