Saxo Market Call

Special Edition: Equity valuation and interest rate sensitivity

Slide deck: https://bit.ly/3aAVSm2   - 

In this Special Edition of the Saxo Market Call podcast, Head of Equity and Quant Strategy Peter Garnry takes us through a compelling look at the valuation of the equity market and different perspectives on the momentum versus value question, how incredibly sensitive many stocks are to any shift in interest rates and what happens if yields rise, if inflation rises and perhaps most interestingly, what happens if yields want to rise more but the Fed will not let them rise further and imposes yield caps. John J. Hardy hosts.

Zany day across markets highlights volatility risks

Today's slide deck:   https://bit.ly/3ru4GAi   - 

Market suffered a volatile session to open the week yesterday, with a broad-based downdraft in risk sentiment across asset classes. While much of the damage was erased by the end of the day, the volatility is a warning sign that the market rally could be a bit fragile. We also look at key commodities and fixed income developments, as well as the bombshell news that Apple is looking into producing autonomous EV's.  Today's call with Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

Special Edition: Saxo's Outrageous Predictions for 2021

Slide deck for the Saxo 2021 Outrageous Predictions:  https://bit.ly/3pp7Bsf   - 
Saxo 2021 Outrageous Predictions website:  http://bit.ly/3h7JLOx   - 

In this Special Edition podcast, we take a look the thinking and themes that drove the creation of our list of Saxo 2021 Outrageous Predictions, our yearly exercise in coming up with 10 unlikely - but possible - events that could unfold in the New Year. From the unintended consequences of the Green Transformation, to nuclear fusion and what people on Universal Basic Income will spend their time on, there is plenty to chew on here. On the call are Saxo Chief Investment Officer Steen Jakobsen, Saxo Australia Market Strategist Eleanor Creagh, and hosting, Saxo Head of FX Strategy John J. Hardy 

Covid-19 mutations cast a cloud. We urge general caution.

Today's slide deck:  https://bit.ly/3mwqV4Q   - 

The market is starting the week in a different place from where it closed last  week, as a new hyper-contagious Covid-19 strain has been discovered in the UK, which is feeling even more isolated as the Brexit negotiation window winds down and travel links are rapidly being cut. Oil is feeling the impact of new virus fears, but the iron ore spike higher actually accelerated. We also generally express concern that equity markets may have run too high, too fast. Today's call with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

We still think bullish sentiment looks stretched

Today's slide deck:   https://bit.ly/2IZu9Qw   - 

Today we look at the latest extension of US equities to all-time highs yesterday and look at a number of factors that have us concerned that market sentiment remains stretched on the bullish side. Also a dive into a number of individual equity stories, from FedEx to Vestas and the highly anticipated CoinDesk IPO. Today with Peter Garnry on equities and John J. Hardy hosting and on FX. 

Fresh "everything up" (except US treasuries) surge post-FOMC

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

Today we run through last night's FOMC meeting and how quickly the market brushed off the initial disappointment that the Fed is not ready to roll out new easing measures this time around. We also look at the surge in Bitcoin as institutional money is getting involved in the space, run through a fresh anti-trust threat against Google in the US, ponder the lack of reactivity in US treasuries after the FOMC meeting and much more. Today with Peter Garnry on equities, Althea Spinozzi  on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

Apple jumps. Will FOMC disappoint?

Today's slide deck: https://bit.ly/3aeJXu3    - 

Today we discuss the significant comeback in US equities yesterday, led by a very strong Apple on its intent to ramp up production or next year.  Also, a look into gross margins and whether they can remain as elevated as they are today given the limitations of the physical world and potential for rising commodity prices. We also discuss silver, crude oil, USDJPY breakdown potential and whether tonight's FOMC meeting could disappoint expectations for more easing. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. 

FOMC on tap - how sensitive is market to signals from the Fed?

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

Today we look at the latest market action, discuss the FOMC meeting and what the market is looking for from the Fed and how sensitive it will prove if it doesn't get what it is expecting. Also, a look at long term investment themes in EM and biotech, uranium-linked equities on fire, whether Robert Shiller is suddenly folding on CAPE over-valuation risks, and much more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.