May 12, 2020 - Tech stock frenzy continues. Watching the USD closely.

Today's slide deck: https://bit.ly/2Wm8xSo  Today we discuss the ongoing divergence in the huge US megacap and speculative tech plays relative to the broader market and wonder where the catalyst is for any eventual change in behavior. We also discuss the US dollar pushing toward a potential break higher and whether this could set the market on edge. US Treasury auctions and crude oil and more on the call. Today with Peter Garnry on equities, Ole Hansen on equities and John J. Hardy on FX.