Saxo Market Call Bond markets could pressurize this too quiet market.
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Aug 19, 2025 The hosts delve into the current U.S. market dynamics, noting risk-off sentiments and shifts in asset classes. They highlight rising long bond yields, particularly concerning for the UK and its currency. The discussion includes insights on corporate earnings, consumer trends, and the implications for retail. Geopolitical tensions and Microsoft's market dominance are critiqued, alongside a look into the upcoming midterms. Meta's business challenges in advertising and its pivot toward superintelligence add layers to the conversation, underscoring significant market risks ahead.
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Quiet Market Hides Small Divergences
- US equity action felt low-energy but showed subtle divergence and risk-off signs at the edges.
- Crypto weakness and record ARKK inflows suggest some retail froth that could precede a setback.
ARKK Tweet As Market Top Signal
- John Hardy recounted an X post mocking record ARKK inflows as evidence of excess at the market peak.
- He used it to illustrate how ‘not smart money’ piling in can presage a market setback.
Big Deal Masks Cybersecurity Value
- Palo Alto beat earnings and guided positively, yet its valuation is distorted by a $25bn CyberArk deal.
- The acquisition greatly diluted shareholders and trades on long-term payoff assumptions into 2028.