Regime shift in volatility. EU NatGas woes mount.

Slide deck:  https://bit.ly/3I4Kr4P   -

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Today we look at gathering gloom again overnight in equity markets and steep correction in oil markets yesterday, in part on US demand figures and possibly on rising concern of the impact of a new Covid wave. That concern is already washing over travel stocks. We also discuss the remarkable regime shift in volatility behavior in this cycle, credit strains flashing red, stocks to watch, the fresh aggravation of EU natural gas prices, FX themes and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic