BoJ losing control. Geopolitical risks for Tesla.
Slide deck: https://bit.ly/3Nce5pA -
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Today we continue our discussion on where markets are headed over the summer: into a period of calm, driven by an easing of the rise in yields and hopes for cooling inflation as economic data softens, or are we set for more shocks ahead on a fresh rise in especially US yields and the associated pressure on global financial conditions and risk sentiment? We also look at the geopolitical risks for Tesla due to Elon Musk's non-Tesla activities, discuss falling commodity prices as copper trades at important support, fresh pressure on the JPY as BoJ is losing control of its balance sheet and more. 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
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