Volatility collapse post Jackson Hole as Powell delivers nothing

Link to slide deck: https://shorturl.at/hjv27   - Jackson Hole delivers nothing that changes the outlook leading to muted reactions across various markets except for a collapse in implied equity volatility (VIX). Chinese regulators have lowered trading costs today causing a rally in Chinese equities with Hang Seng futures up 1% after being up as much as 3.2% as the market has its eyes on the Chinese shadow banking system. In currencies speculative short positions on the USD are being reduced and in commodities we still observe broad-based selling due to worries over China. We also discuss the rising refinery margins on gasoline and diesel impacting costs of transportation. This and more on today's pod, which features Peter Garnry on equities and Ole S. Hansen on commodities.   Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic