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

Today, we discussed yesterday's session completing at least a near term mean reversion in market internals after remarkable performance divergence between bubble stocks and the wider market. Elsewhere, we look at US yields peeling away from new highs after Fed Chair Powell's nomination hearing and as we await a possible 7-handle on the US headline December CPI later today for the first time since 1982, discuss credit spreads in high yield corporates and whether there are any signs of distress yet, new post-omicron highs in crude oil, inflation pressures from food and wages and more. Today's pod features   Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic