Podcast: The ‘Reddit army’ is back and wild comeback in commodities
Saxo Market Call
Summary: While broader equity market volatility continues to decline, the 'Reddit army' has reloaded and returned to aggressively push up AMC shares with the total traded value of AMC shares eclipsing Tesla's usual role as the most traded U.S. stock. In other words, the dangerous behaviour in quirky pockets of equities is back. A broad recovery in commodities highlighting China's reduced ability to control prices potentially paving the way for more upside with rising demand the main focus. In today's podcast we also cover yesterday's US bond auctions, the price action in European peripheral bonds, next week's earnings and macro releases, and finally a quick take of Salesforce earnings. On today's pod were Peter Garnry on equities, Ole Hansen on commodities and Althea Spinozzi on fixed income.
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