The unbearable tightness getting us closer to peak yields

Today's slide deck: https://bit.ly/3ysVrWb   -

Saxo Q4 2022 Quarterly Outlook: Winter is Coming   -

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Today we look at an ugly close to last week for equity markets after the market read a mostly uneventful September jobs report as negative for risk sentiment because the unemployment rate dropped back to the cycle low of 3.5%, driving treasury yields back toward the cycle highs and sending the US dollar higher again. Sentiment failed to improve in Asia as the week gets under way, with higher oil prices weighing and amplified by the stronger US dollar, while geopolitical jitters are more uncomfortable than ever. Precious metals, wheat, pondering peak tightness, the important event risks on the economic calendar and more are also on today's pod, which features Ole Hansen on commodities and John J. Hardy hosting an on FX.

Intro and outro music by AShamaluevMusic