Saxo Market Call

Market droops on fresh Covid19 concerns

Today's slide deck: bit.ly/3hUmOhX
Today we discuss yesterday's weak equity market that spilled over into today and where the next technical stress points lie for the major US indices, discuss whether we are still in a bear market, the sharp rally in the USD across the board, the new multi-year high in gold and much more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

The barbell play of long duration stocks and gold

Today's slide deck: https://bit.ly/2Z14085  
Today we look at the continuing divergence in equity markets between the big megacaps and the broader market and why investors are favoring speculative stocks with expected profitability so far into the future, take a look at the new high close for the cycle in gold, talk the RBNZ's dovish meeting overnight and much more. Today with Peter Garnry on equities and John J. Hardy on FX.

Navarro trips up markets, the macro setup and gold

Today's slide deck: bit.ly/3dnwIoF
Today we look at the overnight stumble and recovery in markets on fears linked to the US-China trade deal status, discuss signs of ongoing lack of market breadth, the chief reflationary and yield-curve-control policy outlook driving the macro setup across many markets, particularly gold. Today with Ole Hansen on commodities and John J. Hardy on FX.

Nervous calm after zany Friday session

Today's slide deck: bit.ly/37PXd4V
Today we have a look at the rather hectic Friday session and ugly close, even if the mood failed to spill over so far into this week, dig into specific European equity stories, talk whether Fed liquidity is set to dry up, gold's potential breakout and much more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

Where is the catalyst in this market?

Today's slide deck: bit.ly/2Bi6N4C
Today we look at the quiet in the major indices after recent volatility and wonder where the market is looking for a catalyst - with plenty available from economic data to Trump tweets, but none eliciting any market reaction. We also have a look at yesterday's Bank of England meeting and the extremely steep natural gas futures curve and much more. Today with Peter Garnry on equities, Ole Hansen on equities and John J. Hardy on FX.

Getting increasingly contrarian to the madness

Today's slide deck: https://bit.ly/2UVPuwZ 
With signs of capitulation to the "Fed liquidity will forever support this market" theme, we look at ways to protect against a market decline with options strategies. As well, we discuss the lack of a pulse in the FX market and whether today's Bank of England meeting will jolt GBP into gear as it trades in limbo. A look at crude oil and products and specific equity stories on the call as well. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

Garbage is greatest in these markets

Today's slide deck: https://bit.ly/3fxIzls  
Today we look at the latest market gyrations on Covid19 developents and US Retail Sales news and look at continued uncertainty in the outlook, note the remarkable performance of the very weakest companies ("garbage") since early April, and much more on the call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

Roller coaster markets not exactly a sign of good health

Today's slide deck: bit.ly/30LqbkV
Today we look at the latest crazy gyrations in global equity markets that saw some of the major indices stepping back from the brink and look at possible drivers. We also take a look at the latest Fed move to expand its menu of corporate bond purchases, run through key commodity market and FX developments and more. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.