Things are breaking

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Today we discuss the market sliding to new lows on Friday after a firm US PCE inflation indicator and despite the stabilization of global sovereign bond markets in the wake of the panicky situation in the UK gilt market last week that triggered an easing move from the Bank of England. We look at new sources of concern as financial conditions by some continue to deteriorate badly. A look at the USD, crude oil, natural gas and wheat, Tesla, Biogen's new Alzheimer drug candidate and more in today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic