Saxo Market Call Tesla all time high, metals mayhem and BoJ focus
Dec 17, 2025
In this discussion, Ole Hansen, Head of Commodity Strategy at Saxo Bank, offers keen insights into the commodities market. He highlights how retail enthusiasm pushed Tesla to new highs, driven by robotaxi expectations. Hansen dives into the turbulent world of oil and natural gas, detailing their price volatility and supply chain impacts. He also touches on the rising prices of silver and platinum amid tight markets, while exploring the implications of a pivotal Bank of Japan meeting on currency stability. Don't miss these strategic market analyses!
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Retail Traders Power Tesla Rally
- Retail investors can drive headline moves even when broader markets lag, as seen with Tesla hitting a record on robo-taxi hopes.
- John Hardy warns that valuation optimism around robotaxis is high despite broader market weakness.
Possible Limits On Defense Buybacks
- The White House may restrict defense companies' buybacks and dividends, creating major potential equity impacts for defense names.
- John Hardy highlights that national security concerns could reshape capital return policies for suppliers to the U.S. government.
Oil Slides Toward Critical Support
- Brent and WTI have fallen toward critical supports below $60 and $58 respectively amid a supply overhang and geopolitical noise.
- Ole Hansen notes Venezuela headlines caused short-term jitters but the actual sanctioned export volume is small relative to total output.