Saxo Market Call

Market shrugs of Fed Bazooka, other measures

Today's slide deck: (will arrive later)
Today we look at the flurry of actions by central banks at the weekend to get ahead of the contagion across global markets, particularly the Fed's massive 100 bps rate chop and other measures and why these moves have yet to impress markets. A look at gold and possible final resting place for equities on the call as well. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

Black Thursday and now Friday the 13th

Today's slide deck: bit.ly/3cV2URn
Today we try to put yesterday's "Black Thursday" in historical context and look at how the ECB meeting and Lagarde press conference disaster aggravated a market already on the precipice yesterday, as well as what we are looking for the authorities to do next to stem the tide of selling and deleveraging in what has become a "dash for cash" with all assets including gold selling off yesterday. Today's call included Saxo CIO Steen Jakobsen.

March 12, 2020 - a lame duck Trump? Market closures?

Today's slide deck: https://bit.ly/2IHoWcw  
Today we discussed the further market meltdown overnight on the widespread unease triggered by US President Trump's speech on the US administration response to the Covid19 outbreak in the US, increasing signs of deleveraging in the US corporate credit sector, the ECB today and much more.

Special Edition: The helicopter view in these nervous markets

Today's Special Edition podcast takes a helicopter view of the outlook for the economy and markets from here as markets trade in a manic and back and forth state. We look at everything from the longer term implications of the coronavirus outbreak, the risks of a credit crunch and the massive incoming policy response and how that will shape markets in the coming months and years. This special edition of the Market Call features a full house, including Saxo CIO Steen Jakobsen, Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

Markets gyrating on stimulus headlines

Today's slide deck: bit.ly/2vca6HP
Markets are gyrating wildly as first one headline indicates a stimulus announcement before the next one suggests that no stimulus is yet ready. Today we discuss the latest market moves, the Bank of England rate cut and UK government stimulus package, the outlook for energy, coronavirus impact and much more. Today with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.

Market bounces from bear market threshold

Today's slide deck: https://bit.ly/2Q2g1Xf  
Today we discussed the robust overnight bounce in markets and what may have driven them - most notably the fact that the S&P 500 reached the very threshold of a 20% drop from the all time hop, but also as China signaled a turning point with Xi Jinping's visit to Wuhan. A great discussion across markets and look ahead from here with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.

Black Monday

Today's slide deck: https://bit.ly/3cNA5q7
Today we discuss the drama unfolding over the weekend in oil markets as Saudi Arabia has declared a price war and the ensuing general fallout as we ponder how policymakers try to get ahead of the raging wildfire as well as where we focus for further risks of deleveraging to come.

Markets looking very uneasy heading into the weekend

Today's slide deck: bit.ly/2VNbPy8
Today we discussed the risk that the coronavirus fallout expands exponentially from here, as we focus on OPEC+ and the risk for oil prices today, real-time monitors of activity, risks in the credit market, and the dangerous market conditions for both bulls and bears as the risk of panic deleveraging and thin liquidity competes with what will likely be an unprecedented policymaker response seeking to avoid a market collapse. Today with Peter Garnry on equities and John J. Hardy on FX.