Only binary outcomes as we have crossed beyond the volatility event horizon.
Saxo Market Call
Summary: Today we look at US equity market that has gone over the edge technically and what could come next, given that we have crossed into a volatility event horizon that seems to almost guarantee either a further and accelerating swoon or an almost equally volatile market bounce. We also look into contributing factors that both aggravated the scale of the bull market off the pandemic low and why a sizable percentage of the gains since then are in mortal danger - especially due to the limitations of the physical world and the spiking price of energy, which policy makers can't so easily address as they can liquidity. Today's pod features Saxo CIO Steen Jakobsen, Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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