Podcast: Financial conditions in the driver's seat
Saxo Market Call
Summary: Today we look at the US equity market wrapping up last week on a high note despite a bout volatility in the wake of a hotter than expected June US PCE inflation print. Financial conditions are in the driver's seat as the market continues to drive longer term US treasury yields lower and sees the Fed policy rate peaking for the cycle by early next year and easing eventually by perhaps mid-year, with tumbling credit spreads suggesting fears of a hard landing for the economy are easing. We're a bit less complacent. Upcoming earnings and the week ahead in macro data risks also on today's pod, which features Peter Garnry on equities and John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are located via the link.
Follow Saxo Market Call on your favorite podcast app:
Latest Market Insights
Quarterly Outlook Q3 2022: The Runaway Train
- Central banks' attempts to kill inflation is a paradigm shift, which could end in a deep recession.
Tangible assets and profitable growth are the winners
Understanding the lack of investment appetite among oil majors
The pressure is on as the wind leaves the sails
Why the Fed can never catch up and what turns the US dollar lower?
Bank of Japan: Swimming against the tide
Green transformation detour and bear market hibernation
Crisis redux for the eurozone?
Technical Outlook: Gold, Oil and a remarkable multi-decade perspective on Equities
China: the train of new development paradigm left the station two years ago