An ugly feeling about yesterday’s pivot

Latest Saxo Market Call Survey is now available! If you haven't accessed the survey yet, don't miss out on your chance to provide feedback and drive the content of our next two Friday Listeners' Editions podcasts: https://bit.ly/3OEFntn   -  Link to today's slide deck: https://bit.ly/3IH63FR   - Today we assess yesterday's market downdraft and some of the reasons it is giving us an uneasy feeling, particularly with unknown volatility risk from rampant speculation in short term options in the mix. The big mark-down in luxury stocks was also a key signal. As well, we break down massive core inflation surprise in the UK and what it might mean for sterling and gilts, the debt ceiling lessons from 2011 for the US treasury market, key stocks reporting earnings, including NVidia today and much more. Note that we are saving the deep dive podcast on commodities for later release. Stay tuned for that. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic