What shocks this market out of the 0DTE volatility dampener?

Link to slide deck: https://bit.ly/3pJWL5o   - Today we ask whether it is the 0DTE phenomenon (zero-days-to-expiry in S&P 500 in particular) that has dampened volatility so extraordinarily of late and how long this phenomenon can continue to bottle up the market. We also take a look at US Retail helping to shock the USD stronger and push metals lower again, with gold taking out 2,000/ounce. Stocks to watch include Target and Walmart for more on the US consumer. The earnings outlook supporting European equities (including from Siemens), crude oil, the risk of a leg of stronger US dollar and much more on the call. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic