Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Summary: Today we break down the worst session for US equities in over two years after another large US retailer, this time Target, saw its share price gutted after noting inflation driving rising margin pressures. As stocks are back at the precipice of key support, we take a look at next potential downside targets, the remarkable lack of a "normal" VIX forward curve given market stress at present, Tesla's Elon Musk becoming a loose cannon after Tesla kicked off the S&P 500's ESG index, look at JPY wrestling with the USD in FX, CAD concerns, crude oil, industrial metals and grains and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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