Saxo Market Call Three big questions in the week ahead.
19 snips
Jul 2, 2025 Dive into the intriguing contrasts of U.S. equity markets with a bold NASDAQ decline and a Russell 2000 surge. Discover the implications of the upcoming nonfarm payroll report on market confidence. The hosts dissect a newly passed fiscal bill and its effects on political dynamics and trade negotiations. Explore how AI might disrupt employment and energy trends. Finally, they discuss financial strategies amid shifting economic policies and the potential risks for investment portfolios.
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US Equity Market Divergence
- The US equity market shows divergence with Nasdaq 100 declining while Russell 2000 surges.
- This suggests unusual internals and potential underlying market instability.
US Jobs Data Market Impact
- Market reaction to US nonfarm payrolls varies widely by job number strength.
- Strong data supports dollar strength; weak data may spur Fed cuts yet risk asset selloffs if recession fears grow.
Gold Market Consolidation
- Gold price consolidation continues after bouncing off key support.
- Strong jobs numbers might trigger profit-taking, but fiscal concerns provide underlying support to gold.
