Saxo Market Call

Tesla melt-up pulls entire market higher

October 26, 2021

Today's slide deck:  https://bit.ly/3jCi2rS   -

Today we look at Tesla news inspiring an aggravated melt-up in Tesla shares, as the company's market valuation passes $1 trillion and is now so large that it contributed significantly to pulling the major indices higher yesterday as well. Also, we delve into the latest earnings news, especially Facebook's, look at prospects for weakening EU growth and the state of play in the French election, US natural gas prices lurching higher, a look at the Australian dollar ahead of tonight's RBA meeting and more. Today's pod features Peter Garnry on equities, Christopher Dembik on macro, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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