Today's slide deck: bit.ly/2zrUUIEToday we discuss the rising US-China tensions over the security law in Hong Kong and COVID-19 narrative and that it remains the key risk for markets this week offsetting the positive sentiment related to economies opening up. Equities have started the week on a general positive note and oil markets this week will be tested on how strong this recent momentum really is. We also talk about gold and the divergence between rising ETF holdings while hedge funds seem to be reducing their net positions in gold. Today with Peter Garnry on equities and Ole S. Hansen on commodities.