FedEx delivers new market downdraft

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Markets tried to continue treading water yesterday after the trauma on Tuesday, but risk sentiment tilted sharply lower from late yesterday after FedEx reported an ugly profit miss and pulled its forward guidance, citing a weakening economy. We also look at the latest surge in US yields and the US dollar, the Adobe acquisition pummeling its share price, the blast lower in gold, natural gas & much more. Today's pod features Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic