Saxo Market Call

Correction time again as big US retailers set to report?

17 snips
Aug 18, 2025
Geopolitical tensions rise as bargaining continues in Ukraine following the Trump-Putin summit. Recent trends show volatility in cryptocurrency and a detailed look at the S&P 500's technical analysis. Major US retailers like Target and Walmart are in focus, with contrasting strategies impacting their earnings. The podcast also delves into currency stability, inflation expectations, and the unsettling influence of political narratives on market dynamics. Discover the implications of all these elements on future investments.
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INSIGHT

Summit Lacked Concrete Outcomes

  • The Trump-Putin Alaska meeting produced optics but no ceasefire or concrete agreement.
  • Markets reacted with uncertainty since any larger deal must include Ukraine and remains unresolved.
INSIGHT

Momentum Divergence At New Highs

  • The S&P showed a steep two-day sell-off then a comeback to new highs with lower momentum.
  • This divergence makes the new-high area technically sensitive and prone to a correction.
INSIGHT

Crypto Plunge Highlights Key Levels

  • Bitcoin and Ethereum abruptly sold off, breaking short-term technical supports.
  • Key levels to watch were ~$112k for Bitcoin and ~$4,000 for Ethereum.
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