Markets are still walking on broken glass

Today's slide deck: https://bit.ly/3J6iZ5Z   - 

Equities were pulled out of potentially a selloff into the weekend on Friday by a 14% gain in Amazon shares and this morning equities are trading slightly higher. However, risks are still everywhere with tightening financial conditions, Ukraine-Russia tensions, high energy prices, high inflation and an elevated VIX curve suggesting the market expects above average volatility over the coming months. We also talk about the oil markets which are digesting potential oil shock from Ukraine-Russia conflict, tight inventories in the US which have eased a bit, and talks between the US and Iran. We also cover our weekly COT report which highlights changes in speculative futures positions across a wide range of commodity markets. Finally, we go through the earnings and macro calendar, with especially earnings this week being interesting with many large cyclical stocks reporting. Today's pod features Peter Garnry on equities and Ole S. Hansen on commodities.

Intro and outro music by AShamaluevMusic