Saxo Market Call

Today's slide deck: bit.ly/2SEAylX
Today we look at the strong bounce from yesterday's lows and to what degree it is a sign of hopes for an opening up or at worst a symptom of unhealthy speculation in narrow, overvalued sectors of the market. A similar driver possible in crude oil. As well, a look at the broad US dollar and where we are headed there as well as today's ruling from Germany's constitutional court on the ECB purchase program. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX. 

 

Today's slide deck: bit.ly/2YtuL6e
Today we discuss the very ugly close of the equity market in the US last week and a bad start to this week as well as US-China tensions are adding to an already downbeat backdrop. The Chinese currency deserves extra attention this week, especially once mainland Chinese markets are back from holiday on Wednesday. Oil, VIX and more also discussed on today's call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

 

 

 

Today's slide deck: https://bit.ly/3aQId6Y  
Today we discuss the downbeat day on Wall Street yesterday, with overnight action darkening the mood further in the wake of the Amazon and Apple earnings after the close. The technicals for the major US indices look pivotal here into the weekly close. Also a look today at the latest in crude oil, a big move in the Chinese yuan, EURUSD and much more. Today with Ole Hansen on commodities and John J. Hardy on FX.

Today's slide deck: bit.ly/2KHWTdY
Today we discuss the latest market acceleration and what is driving it, from hefty retail trading activity to the Gilead news on its drug for Covid19 treatment, the FOMC meeting, and not least, the Facebook earnings report after the market close yesterday. On today's call were Peter Garnry on equities and John J. Hardy on FX. 

Today's slide deck: bit.ly/2SiTvdx
Today we discuss the Alphabet earnings and why the market celebrated these after the close, as well as uncertainties that linger. Also a look at key resistance levels for the major US indices, thoughts on the FOMC tonight, the latest on crude oil, a few FX stories of note and more on the call. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy on FX.

 

 

Today's slide deck: bit.ly/2KGrIQ4
Today we look at Alphabet earnings as the company is set to report today after the US market close. Peter Garnry is concerned that the company will report weak earnings and a dour outlook. More key earnings are on tap this week and the market is at pivotal technical levels. We also look at continued risk of carnage in global crude oil markets as storage is running out. Today with Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy on FX.

Today's slide deck: bit.ly/2y4DC3v
Today we discuss the latest bump in equity prices as markets seem to have their hopes up for the pace of economic activity as economies move increasingly to open up. Also we have a look at unprecedented market concentration in the very biggest US equity names - all of which are reporting earnings this week. Another important discussion of ongoing risks for oil market downside as the world risks running out of storage.
Today with Peter Garnry on Equities, Ole Hansen on commodities and John J. Hardy on FX.

Today we take a step back to consider where we are in the longer term perspective with this Covid19 crisis, both in terms of the markets' current interpretation and where we are headed. EU existential risks, the implications of 20% or greater US unemployment, the risk of sovereign defaults, how the system achieves a reset and more are all up for discussion in this great conversation. Today with Saxo CIO Steen Jakobsen, Peter Garnry on equities, Ole Hansen on commodities and hosting, John J. Hardy.