Summary: Recession fears are accelerating in markets pushing US yields down and Fed Funds futures are now pricing in an aggressive rate hike cycle until year-end before the Fed flips to cutting rates in 2023. Equities are responding positively in the short-term to lower interest rates but if a recession happens equities will continue to struggle. We also take a look at commodity markets and the negative signals about the economy that is coming from energy and industrial metals markets. Finally, we are talking about Tesla's Q2 deliveries declining q/q for the first time in two years. Today's pod features Peter Garnry on equities and Ole Hansen on commodities.
Listen to today’s podcast - slides are found via the link.
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