Saxo Group Videos

Jakobsen: The global stress test and why the markets are failing it

"The world is an uncertain place", the words of Stanley Fischer, Vice Chair of the Federal Reserve's board of governors speaking last night at the Council of Foreign Relations in New York. Mr Fischer was anticipating a question about what the Fed would do next, and he was keen to indicate that the Fed would make its decisions dependent on the data. He also added that a "persistent tightening of financial conditions" could slow down global growth, hit output and inflation in the US.

So, Saxo Bank's Chief Economist Steen Jakobsen gives us his analysis of the data that's catching his eye, notably the Cleveland Financial Stress Index; designed to warn regulators and policy makers of incoming stress and which is at a level which should have them sitting up.

Steen explains why he's predicting lower market levels for most of this year and how he's protecting his portfolio in a stressed and depressed trading landscape.

04:33 minutes
Tags: cleveland stress index, commodities, commodity, commodity market, commodity strategy, equities, equities saxo, equities trading, equity, equity bubble, equity index, equity market, equity market 2014, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity strategy, equity trading, equity us, fed, fed chair, fed chairman, fed chairwoman, fed funds rate, fed meeting, fed minutes, fed news, fed policy, fed rate hike, fed rates, fed stimulus, fed taper, fed tapering, federal, federal government, federal open market committee, federal policy meeting, federal reserve, federal reserve janet yellen, federal reserve rate, federal reserve rate hikes, federal reserve', federal rseserve, federalreserve, fedfed, foreign exchange, forex, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, forextrading, gold, gold bullion, gold buy, gold buying, gold commodity, gold demand, gold dollar, gold exchange, gold future, gold investing, gold investment, gold levels, gold long, gold low, gold market, gold predictions, gold price, gold prices, gold spot, gold support, gold trade, gold trading, goldprice, macro, macro economics, macro economy, macro strategy, macroeconomics, saxo tv, steen jakobsen, tradingfloor.com, weq, wti, wti and oil, wti crude, wti crude oil, wti price, wti supply

Switch to