Saxo Bank Podcast: The US Equity Market Is Working Into A Critical Resistance Zone

Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

Summary:  Today we look at the market still in complacent mode as it continues to celebrate easing US yields and the FOMC minutes Wednesday confirming the view that the Fed is set to slow its pace of tightening. We note that the US equity market is working into a critical resistance zone, just as the US dollar eyes important support, with the overriding question of when the market will begin to fret the impact of an oncoming recession rather than maintaining the one-dimensional focus on yields. Thoughts on Apple, commodity performance, platinum vs palladium, Natgas in Europe 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 - slides are available via the link.

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We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.
 

Source: https://www.home.saxo/content/articles/podcast/podcast-nov-25-2022-25112022

Asia Morning Bites: Focus on Regional PMI Figures, China's Caixin Manufacturing Report, and Upcoming FOMC Minutes and US Non-Farm Payrolls"

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