Today's slide deck:  https://bit.ly/3DUUvvE   -

Peter's article: Investors should not wish for an average equity market.   -

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Today we look at the sudden shift of the plot over the last 24 hours as the crypto contagion effects from the meltdown in that space have reached sufficient magnitude to impact sentiment across markets. We emphasize caution on the network effects among many clusters of assets held by the same hands holding crypto. Also, a look at where we are with the equity risk premium as investors better not hope for "normal" equity valuations. A glance at FX and the USD rising on liquidity concerns and brushing off the drop in US treasury yields, which brings into question the reaction function around today's October US CPI release, which may not have the impact previously anticipated, even on a surprise. Today's pod features Peter Garnry on equities and John J. Hardy hosting an on FX.

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Intro and outro music by AShamaluevMusic