We are in the event horizon of a market correction
Saxo Market Call
Summary: Today we look at the US equity market having now broken the massive trend support that otherwise fed the success of the buy-the-dip mentality for most of this year. Interesting and potentially aggravating external factors this time around that risk driving the most significant correction this year include the risk of a new debt ceiling debacle, US treasuries not providing a safe haven, the FOMC meeting this Wednesday and possibly even concern centered on China's property sector. We also delve into key commodity stories, preview earnings and the busy macro calendar this week. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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