Saxo Market Call What one Mag7 name giveth, another Mag7 name taketh away
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Aug 1, 2025 The podcast dives into a dramatic day for the Nasdaq 100, with a rally that quickly turned on disappointing Amazon earnings. It discusses Europe's struggles and the drop of key players in the market. Anticipation builds around the U.S. July jobs report and its potential impact on the dollar. Expert analysis provides insights into stock valuations and the push and pull of macroeconomic factors. Additionally, trade tariffs are examined, focusing on Brazil's diesel reliance amid U.S. policy shifts. Expect intriguing insights and market strategies!
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Rare Nasdaq 100 Outside Days
- The Nasdaq 100 experienced a rare third consecutive outside day, signaling high market volatility.
- Big tech earnings, particularly from Meta and Microsoft, drove the initial surge before a reversal post-Amazon earnings.
European Market Struggles
- European market leaders like Novo Nordisk and Ferrari have been struggling significantly recently.
- These declines reflect pricing in expectations of future revenue and earnings shrinkage.
After-Hours Earnings Reactions
- Amazon's after-hours stock dropped 7% despite AWS slight beat, due to missed higher 'whisper' expectations.
- Apple's strong iPhone revenues are less significant as growth is shifting to new areas beyond phones.