Saxo Market Call

Today we look at the latest flurry of Trump headlines and whether we are any the wiser on where tariff policies are headed, even as the market takes some encouragement. We sort through some of the next questions to ask about Trump policy as well, especially whether he'll get what he wants from the oil and gas market: lower prices. Elsewhere, the market is issuing a collective yawn after the BoJ hike overnight. And we flag the big event risks of next week and an interesting US option market indicator that suggests some nervousness despite record levels in the US S&P 500. Today features Saxo Head of Commodity Strategy Ole Hansen and Chief Macro Strategist John J. Hardy. See John's Q1 Macro Outlook here. See John's Q1 FX Outlook here. See Ole's Q1 Commodity Outlook here. See Charu's Equity Outlook here.  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 day after Trump's inaugural address, we sort through the interesting things that Trump said as well as what went unsaid and break down some of the ensuing market action, most of which was quite modest after the WSJ broke a key story indicating Trump would not be announcing any tariffs until federal agencies were tasked with investigating key countries. Today's episode features John J. Hardy, Chief Macro Strategist and Ole Hansen, Head of Commodities Strategy. See John's Q1 Macro Outlook here. See John's Q1 FX Outlook here. See Ole's Q1 Commodity Outlook here. See Charu's Equity Outlook here.  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.

In today's podcast, we look at what has taken shape this week across markets this week, especially the drop in US treasury yields. Above all, however we discuss what we and the markets are bracing for as Trump 2.0 kicks off with Monday's inauguration event in Washington DC, a day that US markets are also closed for MLK day. Today's podcast features Ole Hansen, Head of Commodity Strategy and John J. Hardy, Chief Macro Strategist. See John's Q1 Macro Outlook here. See John's Q1 FX Outlook here. See Ole's Q1 Commodity Outlook here. See Charu's Equity Outlook here.  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.

With just six days to go to president-elect Trump's second Inauguration Day, we look at the lay of the land and how markets are anticipating the big incoming policy shifts, especially the shape of incoming tariffs. We also look at factors driving the strong start in global commodity markets to start the year, the impact of sanctions on Russian oil and gas assets and upcoming event risks this week. Today's episode features Saxo Head of Commodity Strategy Ole Hansen, with Chief Macro Strategist John J. Hardy hosting. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats 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.

As 2024 draws to a close, the topic of the final podcast of the year is the biggest headlines of this year and what is to come in 2025. Experts are Chief Macro Strategist John J. Hardy and Head of Commodity Strategy Ole S. Hansen. We will be back in January and wish you all a joyful festive season and a happy New Year. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats Market Strategy Team here. Click here to open an account with Saxo.

Today Chief Macro Strategist John J. Hardy and Head of Commodity Strategy Ole Hansen discuss the week's events thus far, including rumbles from China on the potential for new stimulus, Australia's RBA meeting, US treasury yields, but especially the crazy ride in coffee, which finally posted a new record high for the first time since 1977. We end today's pod with an interview of the runner-up in our Outrageous Prediction competition, who contributed a great OP about amazing things to come from Argentina next year.  Read all of the Outrageous Predictions here. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats Market Strategy Team here. Click here to open an account with Saxo.

In a dynamic discussion, John J. Hardy, Chief Macro Strategist at Saxo, shares his bold forecasts for the upcoming year alongside Søren Otto. They dive into the intriguing world of outrageous predictions, emphasizing their role in stimulating creative thinking. The potential economic ramifications of Trump’s possible return are explored, particularly on the U.S. dollar. Hardy also examines the impact of Brexit on economic stability and the technological advancements shifting financial landscapes, including the rise of NVIDIA and AI innovations.

After a week's hiatus, the Saxo Market Call is back and this time, Søren Otto is joined by Head of Commodity Strategy, Ole S. Hansen. The two discuss why gold may be more interesting than oil and why weather is starting to make its impact on a wide variety of commodities. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats Market Strategy Team here. Click here to open an account with Saxo.

In this week’s Saxo Market Call, Søren Otto is joined by Chief Macro Strategist, John J. Hardy and Head of Fixed Income, Althea Spinozzi to take the temperature of the markets one week removed from the US election. They dive deep into how bond markets, Bitcoin craze and the newly called German election. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats Market Strategy Team here. Click here to open an account with Saxo.

No big surprises here - this is all about the US election and the market reactions associated with it. John J. Hardy, Chief Macro Strategist and Ole S. Hansen, Head of Commodity Strategy are the experts. Søren Otto is the host. Read daily in-depth market updates from the Saxo Market Call and Saxo Strats Market Strategy Team here. Click here to open an account with Saxo.