Saxo Market Call

The podcast dives into the turbulent state of the US equity market, with a striking gap between leading and coincident economic indicators suggesting potential trouble ahead. Tesla's future is a major focus, with rising scrutiny as it prepares for the Cybertruck launch. Global yield trends and geopolitical tensions are also examined, highlighting their influence on investor confidence. The discussion offers a cautiously optimistic outlook while exploring key stocks and the implications of Treasury yield fluctuations.

US markets are feeling the pressure as tariffs loom large, impacting investor sentiment right from the start of the week. A recent downgrade of U.S. Treasuries raises concerns over fiscal stability, linked to tax cuts and spending bills. The team analyzes how these factors could affect yields and the dollar's performance. Additionally, political maneuvers surrounding tariffs could have broader implications for the nation's economic health and market dynamics. Tune in for insights on navigating this turbulent fiscal landscape!

This discussion dives into recent geopolitical shifts affecting global markets, especially regarding trade dynamics and defense spending. The two-faced risks faced by Meta draw attention, highlighting the deeper ethical issues in tech. Listeners will also explore significant macroeconomic trends, including a potential gold market rebound and the complexities of U.S. Treasury yields. Insights into inflation and currency movements reveal trading opportunities amidst shifting market sentiments, making this a must-listen for market watchers!

Today's slide deck   - Today we look at the equity market comeback now having almost come full circle as we are a mere few percent from all-time highs after a broad-based surge, but also signs of the most speculative names have been leaders, including the notorious Palantir. Lots to discuss today in the macro outlook, gold after the big correction, oil and even soybeans with Saxo Head of Commodity Strategy Ole Hansen. Hosting today's pod is John J. Hardy, Saxo Global Head of Macro Strategy.   Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market 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 discussion dives into the aftermath of a major market capitulation, sparking debates about the future of the U.S. dollar and its complexities amid shifting economic indicators. Attention shifts to the EU defense industry's declines and the sentiment indicators presented by cryptocurrencies like Bitcoin. Analyzing U.S.-China trade relations sheds light on currency trends, while political policies and their impact on market responses are also unpacked. Insights on gold as an alternative asset add depth to the conversation.

Equity markets are shooting for the moon and the US dollar is rallying after the US-China trade talks at the weekend resulted in a 90-day ceasefire and temporary huge tariff reductions. We look at the implications across markets and ask whether this is as good as it can possibly get for now on the trade front, as this is a change of speed, not of direction. On today's pod are Saxo Head of Commodity Strategy Ole Hansen and Global Head of Macro Strategy John J. Hardy.

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.

The conversation dives into the U.S. bearish market trends and resistance levels. Palantir faces challenges despite a positive earnings report, reflecting on its high valuation. There's a rise in gold prices tied to market uncertainty and crude oil fluctuations due to geopolitical events. The dynamics between the U.S. dollar and Japanese yen are examined, hinting at potential future shifts. Comparisons are drawn to the 2008 financial crisis, setting the stage for the implications of upcoming economic events.

In this insightful discussion, Jacob Falkencrone, the Global Head of Investment Strategy, shares his perspectives on the recent recovery in tech stocks, spurred by AI spending from giants like Microsoft and Meta. He explores the implications for market sentiment and the critical levels for bearish investors. Jacob also dives into the current challenges in the labor market, tariff debates, and the latest trends in currency and commodity markets, providing a comprehensive outlook on what lies ahead for investors.

Today's slide deck: https://bit.ly/42V3jy8   -  Today we look at the remarkable degree to which the market has continued to climb the wall of worry, the risk to gold prices over the next several trading days, what the market is looking for next from earnings and Trump administration policy as volatility has dropped across most assets and much more, including some links to great content for further reading in the slide deck. Hosting today's pod is Saxo Global Head of Macro Strategy John J. Hardy. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo.