Pump and dump on BoE, ECB dovishness, megacap earnings duds

Link to slide deck: https://bit.ly/3l64rg2   - Today we look at the market running away to the upside again yesterday in a melt-up driven by Meta's squeezing 25% higher and the Bank of England and ECB surprising loudly on the dovish side as they may pause their tightening regimes ahead of schedule. In late trading, the mood shifted to the downside on downbeat earnings reports from the three mega-caps Apple, Alphabet and Amazon all reporting after the close. We also look at the ugly gold reversal, soft commodities in the spotlight, earnings season still in full swing next week, the macro data up today and next week and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, 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