Saxo Market Call A bit too much perfection in the price?
8 snips
Jun 27, 2025 The discussion opens with concerns over whether the US market is pricing in too much perfection. Insights into the weak USD and gold market technicals follow. The team delves into Nike's latest earnings and highlights two companies on an impressive growth trajectory. Market trends reveal underperforming stocks and the possible effects of US-China trade talks. Geopolitical tensions and their implications on high margin markets are scrutinized, alongside advancements in technology like solid-state batteries and military innovations.
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US Market Priced for Perfection
- The US market is increasingly priced for perfection with little divergence in signals.
- Despite uncertainty in trade deals and geopolitical tensions, no clear downside triggers are visible yet.
Nike Earnings: Less Bad Than Expected
- Nike's recent earnings showed revenue declines but less bad than expected, driving a sharp stock rise.
- The market reacted positively though the company still faces tough quarters ahead with ongoing negatives.
Weak US Dollar Influences Markets
- The US dollar remains weak with no indication of major consolidation.
- This contributes to broad currency market shifts and affects commodities like gold, which is showing technical weaknesses.