Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Yesterday saw a change of tone in the US on the far weaker than expected JOLTS survey of job openings, with the market reaction seemingly far more sharp than a single data point might justify, particularly in US treasuries. This sets up even more focus on incoming US labor market data in coming days. A letter from JP Morgan's Jamie Dimon bemoaning sustained risks for banks also spooked the market and banking stocks. We also discuss the massive wave of electrification to come and some of the equities that are involved in that process, discuss FX stories like the surprising large RBNZ hike overnight and much more. Today's pod features Peter Garnry on equities, with John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
Follow Saxo Market Call on your favorite podcast app: