Bear market rally! Wow, but meh...

Today's slide deck: https://bit.ly/3TixZTm   - Click here to open an account with Saxo  - Today we discuss the remarkable turnaround in equities yesterday after a hotter than expected core US CPI print for September pumped Fed rate expectations higher and triggered a sharp new slide in the market. The rally came after both the Nasdaq 100 and S&P 500 tested important support levels. As the headline suggests, we're far from sure that the market comeback offers much information value despite its impressive scale. Elsewhere, we look at the mixed status of USD pairs after yesterday's action, look at natural gas and copper, preview the day and week ahead on the earnings calendar and upcoming macro data points and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting an on FX. Intro and outro music by AShamaluevMusic