Wait, was bad news actually bad news yesterday?

Link to slide deck: https://bit.ly/3ZPdT7e   - Today, we look at the US equity market reacting poorly to bad US economic data yesterday rather than celebrating the drop in treasury yields to new cycle lows, an interesting change of behavior. We also look at the suddenly firming US dollar and an even firmer Japanese yen overnight, just a day after the Bank of Japan triggered a slide in the yen. Gold holding steady through all of the fuss, while cyclical commodities rolled over a bit as China is set to go off line next week for the Lunar New Year holiday. Today's pod features 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