Podcast: Framing the current equity market drawdown | Saxo Bank

German Ifo Index Continues to Decline in September, Confirming Economic Stagnation

Summary:  Today we look at markets tip-toeing back away from the cycle lows, especially after a rate ease in China buoyed sentiment there. We also highlight a huge ongoing shift in portfolio allocations as a major Blackrock momentum fund (MTUM) is set for a massive rebalancing. And we put the current overall market drawdown in historic perspective, warning that investors need to zoom out to consider the 100-year timeframe rather than the merely the post-GFC one. Thoughts on industrial and precious metals, FX and the status of the US dollar rally as well as a preview of next week's earnings- and macro calendar also on today's pod, which 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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German Ifo Index Continues to Decline in September, Confirming Economic Stagnation

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