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Jakobsen: 'I'm shorting everything' going into nasty March

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A nasty March is what Saxo's Chief Economist, Steen Jakobsen is expecting. He points to the increasing strength of the US dollar which, he says, will kill commodity stabilisation as well as the ability of emerging markets to revitalise the global economy.

He also points to the Bank of Japan as an example of how not to do things. But he says central banks are following the country's cue.

Steen says price action confirms that we are in a risk off environment. For that reason he is shorting everything and he explains this in more detail.