Saxo Market Call Euro crushed and what does Visa tell us about US equity market valuations?
18 snips
Jul 29, 2025 The podcast dives into the euro's recent plunge and its effects on European stocks, wondering if it signals deeper issues beyond a trade reaction. The strong momentum in AI hardware stocks is highlighted, showcasing the future of technology investments. Visa's valuation offers insights into the broader U.S. equity market and its implications amidst rising interest rates. Plus, the hosts dissect U.S. macro data and consumer confidence trends, bringing a global perspective to today's financial landscape.
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Speculative Strength in AI Hardware
- The AI "shovel" space, like Supermicro, is seeing strong speculative activity driven by data center demand.
- Semiconductor companies like AMD and Palantir reflect the competitive and dynamic AI hardware market.
Euro and Euro Stocks Weakness
- The euro's weakness and European stock downturn reflect a reassessment of Europe's growth outlook and trade deal impacts.
- This signals a possible pause or correction in the previously crowded pro-Europe currency and equity trades.
Visa Highlights US Equity Valuations
- Visa's current valuation is very high compared to its earnings yield and growth, signaling richly priced US equities.
- The company’s high PE ratio reflects passive investment influences and risks of future payments industry disruption.