Slide deck for today's episode: https://bit.ly/3Eo0TdC -
Equities were looking to skid further yesterday but mustered a comeback erasing the prior day's decline, but underneath the rebound overall in equities we observe outright destruction across many key bubble stock names. Evidence of this destruction was well on display in DocuSign plunging 30% in extended trading on a minor miss on revenue for Q4. We also discuss the market's pricing on interest rate hikes next year before cuts showing that the market has difficulties believing in higher interest rates over a longer period. On commodities we highlight the recent rebound in oil despite OPEC+ intentions to lift production and the recent slump in natural gas prices in the US on mild weather. 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
Market cross-currents are intensifying.
Big dollar breaks down after latest cycle high in US CPI
Mean reversion, check. Now what?
Turnaround Monday as sentiment makes a stand
Entire US yield curve lifting and geopolitical nerves weighing
December US jobs report today, earnings season next week
Hawkish Fed has the market in its talons
In the great EV battle, a graveyard of casualties awaits
US yields surge on first trading day of 2022
Looking for a very different year ahead in 2022
Thanks for a fantastic 2021! (And some cautious notes on markets in 2022)
Crude oil and US dollar setup ahead of the New Year
Equities aboard Santa’s sleigh, but yield curve predicting storm ahead?
The setup for 2022
Will the positive market spirit extend into the holiday?
Moderna news injects fresh optimism
Year-end chill descend on markets
FOMC kneejerk reversal and ominous technical setup
Who‘s afraid of the big, bad Fed?
What does Fed deliver and what is in the price?
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