Saxo Market Call

Today, a run down the gauntlet of risks that this market has to navigate in the coming two weeks, from earnings and US data to geopolitics and other factors as we fret that a reasonable consolidation at minimum is imminent, and even if it isn't, would further destabilize the course of future returns. A discussion of Meta reporting today, Novo Nordisk's profit warning and whether the bottom is near for that company and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast can be found on the johnjhardy substack (with a one-two hour delay for the eager early listeners to the pod). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo.

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.

Today, a look at the reaction to the EU-US trade deal struck at the weekend, as some may be surprised to see a weaker euro on the back of this. Elsewhere, we talk Physical AI and an interesting ETF that has exposure to the space, the comeback in risk sentiment, the rise of Chinese luxury and more. Hosting today's pod is Saxo Global Head of Macro Strategy John J. Hardy. Link to John J. Hardy's substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo.

Markets show surprising complacency, but a monumental week is on the horizon. Key events like earnings reports and central bank meetings could shake things up. Dive into advancements in autonomous vehicles and the competitive tech landscape with players like Amazon and Qualcomm. Plus, a look at rising concerns over cryptocurrency and stock market valuations. The discussion wraps up with the transformative power of AI in content creation, highlighting both its potential and the challenges it presents.

Tesla faces challenges after a disappointing earnings report, sparking discussions on the future of autonomous driving. The focus shifts to competitors like Alphabet's Waymo and the emerging player ZOOX. Insights into the competitive landscape reveal potential game-changers ahead. The podcast also covers Alphabet's positive earnings and offers looks into foreign exchange markets and upcoming financial reports. Tune in for engaging market analysis and strategic insights.

The podcast dives into the recent US-Japan trade deal, detailing Japan's $550 billion investment in the US and its impact on Japanese markets. It also explores the much-anticipated earnings reports from major tech players like Alphabet, Tesla, and IBM, with IBM's new angle stealing the spotlight. Additionally, the discussion highlights job report discrepancies and the weakening U.S. dollar, along with potential repercussions from upcoming economic data and ECB meetings.

Dive into the intriguing contrasts of U.S. equity markets with a bold NASDAQ decline and a Russell 2000 surge. Discover the implications of the upcoming nonfarm payroll report on market confidence. The hosts dissect a newly passed fiscal bill and its effects on political dynamics and trade negotiations. Explore how AI might disrupt employment and energy trends. Finally, they discuss financial strategies amid shifting economic policies and the potential risks for investment portfolios.

The podcast dives into the staggering concentration of gains in the U.S. equity market, raising questions about its sustainability. It breaks down first-half commodity performance and gold's resurgence from key support levels. Discussions also highlight impacts of economic policies and political tensions, particularly regarding Tesla's stock. Shifts in Apple's model from hardware to services are analyzed, alongside the challenges posed by legal issues. Market dynamics in currencies and the implications of a weaker dollar are also explored.

The discussion opens with concerns over whether the US market is pricing in too much perfection. Insights into the weak USD and gold market technicals follow. The team delves into Nike's latest earnings and highlights two companies on an impressive growth trajectory. Market trends reveal underperforming stocks and the possible effects of US-China trade talks. Geopolitical tensions and their implications on high margin markets are scrutinized, alongside advancements in technology like solid-state batteries and military innovations.

Nvidia is flying high with a new all-time stock price, spurred by Micron's impressive earnings report that reassured investors in AI. Meanwhile, the USD is slipping amidst talk of a potential dovish Fed Chair nominee from Trump. Listeners also get insights into the anticipated earnings report from Nike and its implications for the market. Join in for a dynamic discussion on these trends and how they shape the financial landscape.