Daily Morning Call
New - From the Floor: No such thing as 'animal spirits' — #SaxoStrats
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As the "Trump trade" continues to unwind, Saxo Bank chief economist Steen Jakobsen says that the data simply do not report claims that "animal spirits" will invigorate markets into 2017.
• Asian session shows growing risk-off mode in equity markets
• Asian session shows growing risk-off mode in equity markets
• Data-heavy week includes FOMC meeting, nonfarm payrolls
• Trump model relies heavily on weaker USD: Jakobsen
• 'China will occupy the vacuum left by Trump': Jakobsen
• US faces high risk of recession in 2017
• The 'animal spirits' claim is not supported by data: Jakobsen
• Hedge funds' commodity exposure highest since 2014
• Oil struggling as WTI net-long position hits record levels