Equities extend momentum led by energy

Link to slide deck: https://bit.ly/3zdrdX2   - Risk sentiment is on the rise with the second straight session yesterday in equities with procyclical industry groups such as energy, transportation, banks, and mining rallying. Today's sentiment is extended with news that Alibaba is splitting into six separate business rallying 13% on the news. We also got a strong outlook from Lululemon yesterday and better than expected US March consumer confidence highlighting a strong US economy despite the obvious cracks at banks and real estate. In today's podcast we also cover the positive momentum in oil markets and gold that continues to benefit from the recent nervousness over banks. Today's podcast features Peter Garnry on equities and Ole S. Hansen on commodities.. 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