Sentiment bounces, but Amazon...

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

Today we look at whiplash for US equity traders as sentiment rallied strongly yesterday from depressed levels, only to have a ton of bricks dropped on the market by a very weak Amazon report, all while hopes for Chinese stimulus in the background drove strong sentiment in Asia. We also discuss Apple's supply chain concerns, the outlook for energy given the ongoing lack of investment, fresh spikes in fuel prices, financial conditions, a big week ahead for macro as the FOMC announcement is up next Wednesday, with today's US PCE inflation data for March one of the last big macro data points ahead of that meeting. 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