Saxo Market Call

What if the FOMC meeting doesn‘t really matter?

Today's slide deck:  https://bit.ly/2VZ5HVU   -

Today we look back at another ugly US session yesterday as a comeback attempt was erase, although sentiment has improved in Asia slightly, in part on somewhat confusing Evergrande news. We also cover the latest developments in energy and industrial metals, whether the FOMC even really matters for this market with so many other irons in the fire, FedEx and Adobe results and the challenges for  companies operating in the physical world due to challenges with supply chains and labour and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Was that the capitulation or more to come?

Today's slide deck:  https://bit.ly/3kssMK9   -

Today we breakdown yesterday's capitulation extension after key support failed, while noting the interesting technical levels where support came in for the US market as the market rebounded strongly yesterday in late trading, as well as where the resistance levels are for judging whether we can reverse the slide or face follow-up selling. We also delve into the ongoing natural gas debacle, including risks of collateral damage in other industries and corporate credit, break down the next earnings reports of interest, key central bank meetings on the calendar, including tomorrow's FOMC and much more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

We are in the event horizon of a market correction

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

Today we look at the US equity market having now broken the massive trend support that otherwise fed the success of the buy-the-dip mentality for most of this year. Interesting and potentially aggravating external factors this time around that risk driving the most significant correction this year include the risk of a new debt ceiling debacle, US treasuries not providing a safe haven, the FOMC meeting this Wednesday and possibly even concern centered on China's property sector. We also delve into key commodity stories, preview earnings and the busy macro calendar this week. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

High stakes on FOMC week ahead as US yields, USD poke back higher.

Today's slide deck: https://bit.ly/2YW7DzC   -

Today we look at the wave sent out by the US dollar and US yields poking back higher on a strong US Retail Sales report for August, even if the move was modest and the 10-year benchmark remains rangebound. Also, the latest on freight shipping rates, natural gas, China's Evergrande contagion risk, impact of Chinese policy shift on European luxury goods makers and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Contagion in Chinese property sector. US dip-buyers take a stand.

Today's slide deck: https://bit.ly/2Xx1WrF   -

Today we look at US dip buyers taking a stand once again at what is now  the most obvious support in the world and whether we can continue this nearly mechanical advance from here. A look as well at significant contagion across the Chinese property sector as other big names are marked down aggressively on Evergrande's ongoing woes. As well, we look at JPY, NZD, NatGas and European power prices and the next important factors for shaping the Fed's latest guidance at next week's possibly pivotal FOMC meeting. Today's pod features Peter Garnry on equities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Risk sentiment increasingly on tilt ahead of options witching this Friday

Today's slide deck: https://bit.ly/2Xq6EaA   -

Today we look at across the board weak risk sentiment despite a softer than expected US August CPI data release yesterday, at least in US equities and in currencies, where we also note that the market shrugged off hot CPI prints from Sweden and the UK. Also, a look at the implications of Evergrande progressing toward a formal default, the fallout of higher NatGas prices in Europe, precious metals, and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Holding breath for US August CPI print today

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

Today we look at a rocky session in the US, even if the session managed to stabilize into the close, cast a nervous eye on the China Evergrande story, break down where to focus on the US CPI release today, especially for the impact on the treasury market, look at a massive squeeze on uranium and what is driving it, look at next steps for UK Gilts and EU sovereigns, the outcome of the Norway election, the latest for EURUSD and Aussie crosses and more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Market stumbles into a new week. Apple in trouble?

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

Today we look at the ugly sell-off in US equities on Friday and the degree to which fresh anti-trust concerns on Apple are driving the action, the latest initiatives in China against platform companies, the stakes for Norway in today's general election, the oil and industrial metals markets, the week ahead in macro data and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic