Podcast: Critical week starts with gold flash crash and red hot China PPI
Saxo Market Call
Summary: Fridays US jobs report surprised the market given the weak lead in from ADP on Wednesday. Treasury yields shot higher, thereby supporting a return of value vs growth bets with interest rate sensitivity US technology stocks suffering relative to the S&P 500. Gold's weak close on Friday helped trigger an overnight flash crash during holiday impacted Asian market. In today's podcast we also talk about this week's important US CPI report on Wednesday which together with the jobs report could make Jackson Hole later this month a pivotal moment in the post pandemic world. On today's podcast are Ole S. Hansen on commodities and hosting Peter Garnry on equities.
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