Morning Call: 'CSI 300 off to a roaring start'
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call sees Saxo Forex Head John Hardy and Commodities Head Ole Hansen looking at a very strong session in mainland equities that marks a resumption of the bull trend placing local highs in view.
Macro presentation: Investment returns over the next 30 years
It is always a tricky task to imagine what the future will be like...
COT: Dollar sold against commodity and EM currencies
Commitments of Traders report covering speculative positioning in FX, bonds and stocks in the week to November 5
Macro Monday Week 46: Powell & China Watch
This week we highlight the YTD spectacular returns, i.e DAX +25%, SPX +23% CSI +32%, alongside very low volatility, VIX c. 12 -50% YTD, with KVP view being, not buying protection over a +6-12m horizon is likely equivalent to imprudence. Monthly growth data out of China, as well as Powell testimony on the US economy will be center watch. Rate decisions out of NZ & MX also key. Biggest risk continues to be reversal in US-CH trade deal euphoria.
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