Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
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Podcast: The tug of war between interest rates and growth
Saxo Market Call
Summary: Today's session is expected to be quiet with a holiday closing cash markets in the US. This week will likely become a tug of war between earnings releases and higher interest rates as equities try to digest the fast changing landscape for equities. Real yields have moved sharply higher recently suggesting the market is believing that the Fed can cool down demand and inflationary pressures by raising interest rates. For gold bulls it should be encouraging to watch how gold prices are holding up despite rising US real yields. In commodities things are not cooling down with oil prices surging higher with Brent crude at the cusp of breaking above the previous high from October last year. We also discuss copper which looked strong last week but gave up some of the gains again due to weakening macro data from China. Today's pod features Peter Garnry on equities and Ole S. Hansen on commodities.
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