Tesla accelerates, JPY confuses, gold rushes back

Today's slide deck: bit.ly/3hacYYn -
Today we look at the ongoing US divergence with the rest of the world, with further strength in the megacaps helped perhaps by a weaker USD as EURUSD is now perched at the top of the range. Tesla saw a massive acceleration yesterday, clearly driven by other factors than the large companies that show high earnings predictability. Also today a look at the USD and the possible FOMO rally for gold. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.