Market looks increasingly unsettled. Are rising US yields a trigger?
Saxo Market Call
Summary: Considerable divergences within the US market yesterday as the broader market corrected lower even as the Nasdaq 100 Index managed a new all-time highs, ironically so as this index tends to be more interest rate sensitive, and we have the US 10-year treasury benchmark yield perched near upside breakout levels. We also look into the crypto flash-crash, the DAX 30 set to become the DAX 40, earnings, focus in the currency market, gold's fresh woes, grains and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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