Markets at pivot point

Today's slide deck: https://bit.ly/3xSnZYU   - Click here to open an account with Saxo  -  Today we look at the equity market's precise test of the cycle lows yesterday and brightening sentiment overnight, despite the fresh surge in US treasury yields and the US dollar yesterday. An increasingly inverted VIX forward curve suggests that the market low may be close in time, if possibly not in price. We also look at signals from the US Consumer Confidence as the September reading is due today, break down broader commodity performance since commodities peaked, update the crude oil outlook after the recent price plunge, highlight upcoming event risks on the economic calendar and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic