Coinbase fizzles from strong starting point.
Today we look at the first day of Coinbase stock trading, which garnered considerable attention and soared briefly from a strong opening price before closing down more than 20% from intraday highs, therefore in a "bear market" although we of course can't judge where it is headed after a mere one day of trading. Also on the call, a look at our new crypto equity theme basket, strong grain prices and the jump in oil, Covid concern in India and implications, junk and EM debt, treasuries, Russian sanctions and the ruble, and more. On today's call were Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Intro and outro music by AShamaluevMusic
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