Bank stocks bounce, broader market uninspired by relief

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Today we note that, while bank stocks bounced strongly in the US yesterday and yields mean reverted back higher, the broader market was uninspired by these developments and tech stocks sold off after failing once again to take out the key cycle resistance. We continue to fret the next shoes to drop and bemoan the lack of good indicators to get a sense of where the worst pressures in the system lie (likely in the darker corners of shadow banking and private equity). A look at rebounding commodities, especially oil and copper, stocks to watch, the macro calendar ahead and more also on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX.

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Intro and outro music by AShamaluevMusic