Saxo Market Call We are at a tipping point - which way do we tip?
Nov 7, 2025
The market is facing intense pressure with major AI stocks like Nvidia and Palantir experiencing significant sell-offs. VIX is near critical levels, indicating potential downside risks for the NASDAQ. Meanwhile, Bitcoin struggles at key price points, affecting crypto sentiment. Concerns grow over AI financing and significant reputational risks for Meta. The risk of cross-asset contagion looms if equity volatility rises, while geopolitical tensions also threaten stability. The discussion emphasizes that we may be at a tipping point for the markets.
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Speculative AI Stocks Facing Valuation Reckoning
- The market shows concentrated selling in AI and speculative names while some companies like Datadog still rally.
- John J. Hardy highlights a valuation reckoning driving heavy losses in names like Palantir and Meta.
VIX At 20 Signals Potential Tipping Point
- The VIX around 20 marks a tipping point where markets either find support or enter accelerating consolidation.
- If volatility picks up, John warns the market could target significantly lower levels on the NASDAQ and S&P.
Use Bitcoin As A Liquidity Sentiment Gauge
- Use crypto, especially Bitcoin, as a short-term liquidity and sentiment indicator.
- John J. Hardy suggests a close of Bitcoin below 100,000 would materially worsen crypto sentiment.