The unbearable slowness of opening up

Today's slide deck: bit.ly/2VvVDQa
Today we continue our discussion of the remarkable lack of breadth in the equity market, the difficult path of opening up and whether the markets' assumption of the pace of a return to normal conditions is too complacent or merely reflects confidence in ongoing massive central bank support. More on oil and EU existential risks as well. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.