The squeeze ran out of oxygen. Blitz of event risks into Friday.

Link to slide deck: https://bit.ly/3kXwQEK   -

Today we look at the sudden reversal in risk sentiment yesterday as US equities made an abrupt about-face and turned sharply lower, just after having challenged interesting resistance levels. No surprise to the see the US dollar gaining a strong bid on the change of mood, as the market suddenly shows a modicum of respect for incoming event risks, including tomorrow's FOMC meeting. A look at the shifting fundamentals for banks, earnings reports to watch today and tomorrow, crude oil and gold & much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

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Intro and outro music by AShamaluevMusic