Saxo Market Call A possibly pivotal Friday
May 9, 2025
The podcast explores pivotal technical levels in US equities and currencies ahead of US-China trade talks. It highlights bearish patterns in the S&P 500 and the implications of the U.S.-U.K. trade deal on various industries. Listeners learn about recent trends in cryptocurrencies and foreign exchange, with a focus on key support levels for major currencies. The format aims for quicker updates, inviting feedback from listeners on the evolving market dynamics.
AI Snips
Chapters
Transcript
Episode notes
US-UK Deal Undermines WTO Order
- The US-UK trade deal signals the US's departure from the traditional WTO framework. - This new approach challenges Europe's reliance on old trade institutions.
Trade Deal's Mixed Industry Impact
- The UK agreed to 0% tariffs on steel, aluminum, and some autos, benefiting certain industries. - Yet, contentious issues like digital services and agricultural standards remain unsettled.
AI Disrupts Google's Dominance
- AI disruption threatens Google's ad revenue as users spend more time on alternatives like ChatGPT. - Apple's announcement about declining Google searches shook Google's stock recently.