Saxo Market Call Yesterday gave equity bears and USD bears a hook
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May 30, 2025 The podcast dives into the recent downturn in US equity markets and the faltering US dollar, signaling a potential key reversal. Attention shifts to Nvidia's mixed earnings, raising questions about its sustainability in a volatile market. The discussion highlights a possible new tax on interest payments to foreign investors, which could disrupt foreign capital flows. With looming economic indicators and concerns over a recession, listeners gain valuable insights into the shifting landscape of global markets.
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Nvidia's Growth Size Problem
- Nvidia's growth is impressive but faces a "size problem" where future growth rates might slow.
- The stock's high multiples suggest investors question if such growth is sustainable long-term.
Markets Show Overbought Signals
- Technical signals in US and European markets show signs of overbought conditions.
- These patterns suggest a consolidation or pullback might happen soon after strong recent rallies.
US Dollar Faces Key Resistance Level
- The US dollar's spike after tariff rulings was quickly reversed, creating a key pivot point.
- Dollar/yen resistance near 146 should hold for the dollar to weaken toward 142 and possibly 140.