Market Movements and Geopolitical Impacts on Defense Stocks and Foreign Exchange

Today's slide deck: https://bit.ly/4bsNZML   -

Markets are on technical and even an emotional edge as Trump tariffs have gone forward and as speculation swirls that Trump will announce something particularly dramatic at a speech later today. From currencies and gold to US tech and European defense, we have a look at what may come next, including the risk of a big risk-off "whoosh" here. Today's pod features Saxo Head of Commodities Strategy Ole Hansen and Saxo Global Head of Macro Strategy John J. Hardy.

John's latest FX Update

Ole's latest weekly COT Report update

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