Saxo Market Call

US megacaps zoom higher, tepid action elsewhere

September 1, 2020

Today's slide deck: bit.ly/3jCvtpj  -
Today we look at a fresh record for US megacaps as the Nasdaq zoomed higher to a new record close even before virus lockdown poster child Zoom Video Communications reported a blowout quarter after the close. Elsewhere, equity action was merely tepid to downright downbeat Down Under. The USD weakened to new lows, helping power precious and industrial metals higher. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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