Saxo Market Call

Today's slide deck: https://bit.ly/37U761U   - 

Today we look at movers and shakers in the commodity market, particularly iron ore, which is tearing higher at an accelerating pace lately. But with so much focus on the US megacap stocks and suddenly the worst day for markets in nearly a month, we spent considerable energy looking into what drove the sentiment shift, in particular the new move by US anti-trust authorities against Facebook. The latest on Brexit, thoughts on the ECB and more on the call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Today's slide deck: https://bit.ly/3qIq3NC   - 

Today we look at the continued solid bid in risk sentiment while noting a few signs of extremely stretched sentiment in equity options and especially in Tesla options. Also a look at the strong demand for disaster insurance in GBP options as Brexit crunch time has truly arrived, while Gilts are also heavily bid.. Surging industrial metals are the highlight in the commodity space, while fixed income traders should be fixated on US treasury auctions through tomorrow's T-bond auction. Today with Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Today's slide deck: https://bit.ly/36WBSIu  - 

Today we discuss the low volatility that has suddenly hit many markets including equities despite a few pockets with Tesla being one of those stocks that gained another 6% yesterday. We highlight the Tesla surge with the disconnect that is that Tesla is losing ground in Europe, the biggest EV market in the world, to Volkswagen and Renault. More stimulus talks in both the US and Japan, while Europe is finalizing its big Covid-19 stimulus package, had gold galloping yesterday We are also releasing our Outrageous Predictions 2021 today, which this year is called "the Future is Now" and describes an outrageous future and its implications for financial markets. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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

Today we look at how global equity markets are priced for perfection, suggesting that any slip-up in the optimistic narrative could lead to considerable new volatility. Also, a look at China's currency trading at new highs overnight, thoughts on sterling post-Brexit, grains, commodity traders' positioning, AirBnB and DoorDash IPO's and more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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

Today we highlight Asian equities as China continues to ride high, helped by stimulus from the rest of the world, and countries feeding into the Chinese economy are likewise enjoying notable strength. We also dive into the latest inflationary signals from shipping rates, look at a compelling e-commerce story, the boost to oil from the OPEC meeting, and whether the US jobs report today could produce a disappointment. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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

Today we highlight the incredible surge in equity call option trading in the US this year and especially in recent weeks and ponder whether the underlying market structure risks a significant market dislocation event on any exogenous shock - i.e., a proper crash. We also highlight important equity, commodity and equity stories while encouraging everyone to keep an eye on US yields as a potential gamechanger if yields continue to rise. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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

Today we highlight the sudden rise in US yields that deserves perhaps the most attention of any market development, as rising yields are a strong challenge to growth stock valuations for stocks that have proven such outperformers in recent market history. We also look at the US stimulus package news that may be behind yesterday's treasury sell-off and the plunge in the US dollar. A look at gold and oil positioning and the future of energy demand also on the call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Today's slide deck: https://bit.ly/3mqgG2L    -  

Today we look at the whiplash-inducing shift from yesterday's last-day-of-the-month sell-off to a surge in equity futures and Asian markets overnight, perhaps on the clean calendar month start, but also on strong manufacturing PMIs in Asia and on Moderna's request for emergency authorization to roll-out its vaccination in just a few weeks' time. Elsewhere, a look at inflation-protected treasury out-performance in the US and the ongoing squeeze in EU peripheral spreads, the US dollar and Fed Chair Powell out speaking today and more. Today with Althea Spinozzi on fixed income, Peter Garnry on equities and John J. Hardy hosting and on FX.