Podcast: Market shrugs off the mob on Capitol Hill, toasts the stimulus checks
Saxo Market Call
Summary: Markets largely looked away from the Trump mob storming Capitol Hill and instead chose to toast the implications of the two Georgia Senate run-off races falling in the Democrats' favour on Dem promising new $2,000 stimulus checks when the new Congress meets. We also look at the most important development across markets: the sharp break higher in long US yields, and look at the implications. Elsewhere, we note Chinese market underperformance overnight on the risk of US moves against major Chinese companies. Today on the call are Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy hosting and on FX
Follow Saxo Market Call on your favorite podcast app:
Latest Market Insights
Q4 Outlook 2022: Winter is coming
- Winter is coming to the financial markets as central banks are tightening their grip. How spring will look is still a question.
European energy crisis: it will get worse before it gets betterThe winter in Europe will be tough, but whether the result is political chaos or sustainable, innovative solutions is still undecided.
A difficult and volatile quarter awaitsAs the year draws to an end, commodities continue to be at centre stage of the world with growth pockets political uncertainty.
The bright side: crises drive innovationThe positive spin on crises is that they come with solutions. It is worrisome that deglobalisation may be a response to this crisis.
Green transformation in China: renewable energy and beyondGoing green, China needs to span numerous energy sources to ensure stability, as every source comes with a challenge.
Asia: Intermittent solutions, but a faster renewable adoption curveAsian energy supply is being squeezed. This and the adoption of renewables may change the investment sentiment in the region.
FX: A Fed thaw needed to deliver a sustained USD turn lowerThe US Dollar can keep momentum when the Federal Reserve continues to tighten, leaving the rest to play to their drum.
Autumn can become ugly for equities and bond holders. Comfort for Dollar longsTechnical analysis suggests that equities could face a tough Q4 as could fixed income. US Dollar positions could provide some upside.
The next stock market sector to watch, with stocks going nuclearAs the world scrambles to find affordable, sustainable energy, nuclear is getting attention from politicians and investors alike.
The crypto space is getting cold when the hype disappearsCryptocurrencies face a winter of their own as retail investors and governments are asking tough questions.