Podcast: US yields drop on oil plunge fueling Nasdaq 100 to new all-time high
Saxo Market Call
Summary: A 5% top to bottom plunge in oil prices yesterday took more steam out of the inflation trade sending the US 10-year yield down to February levels. The move caused Russell 2000 to decline and fueled a rally in Nasdaq 100 to a new all-time high. In equities, the big story is China's crackdown on Didi Global that listed in the US last week. In today's podcast we also cover Samsung earnings, gold's relative cheapness, JPY short covering on US yield drop, and the upcoming G20 meeting in Venice. On today's podcast are Ole Hansen on commodities and Peter Garnry hosting and on equities.
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