Saxo Market Call

Special Edition: Investors’ Wish List for 2023

Link to slide deck: https://bit.ly/3vfDR5X      -

In this Special Edition of the podcast, we discuss what investors are hoping to see in 2023 after the most traumatic year for "balanced" portfolios in modern memory. Items on the Wish List include hopes for a soft landing, easing pressure from central banks as inflation fades, a weaker US dollar, Chinese demand returning and more. But is this what investors will get? Discussing these pressing wish list items for the New Year on this special edition podcast are Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Special Edition: Saxo Outrageous Predictions for 2023

Slide deck for this episode: https://bit.ly/3HSUsUw   -

Saxo Outrageous Predictions 2023: The War Economy PDF  -

Saxo Outrageous Predictions Webinar with the strategy team   -

In this Special Edition of the podcast, we discuss the Saxo 2023 Outrageous Predictions for 2023, based on the theme of The War Economy. Our Outrageous Predictions are a yearly exercise in looking at possible, if improbable events that may unfold in the year ahead and will alter the investment landscape if they do come to pass. This Special Edition podcast features Editor-in-Chief of the 2023 Outrageous Predictions John J. Hardy and major contributor Peter Garnry.

Click here to open an account with Saxo   -

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Tesla wipeout as 2022 draws to a close

We want to hear from you, our daily Saxo Market Call podcast listeners! Friday, December 30 we will release a Special Edition Saxo Market Call Listeners Podcast. The content? Entirely up to you: let us know what you would like for Peter, Ole and John to talk about - markets, personal or otherwise. As well, please provide your end 2023 forecasts for:

The S&P 500, the Fed Funds rate & the US 10yr yield.

Send your forecasts and request to the SMC team: via e-mail: marketcall@saxobank.com and on Twitter: @saxomarketcall 

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

Click here to open an account with Saxo   -

Today we look at markets posting an indifferent day yesterday after an initially negative reaction to the bump in global yields on the Bank of Japan's policy tweak. We also discuss precious metals jump yesterday, the lay of the land in natural gas markets in Europe and crude oil markets globally, the escalating risks for Tesla as it posted an especially ugly day yesterday despite Musk possibly moving away from Twitter distractions, earnings from Nike and FedEx and more. Today is the final regular daily Saxo Market Call podcast for 2022. Stay tuned in coming days for a string or recently recorded Special Edition podcasts that will keep listeners with their daily fix through to December 30. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Bank of Japan roils markets with a surprise policy tweak

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

Click here to open an account with Saxo   -

Today we look at the Bank of Japan shocking markets overnight with a surprise shift in its yield-curve-control policy, as it lifted the cap on 10-year JGB's to 50 basis points from 25 basis points. The JPY rose in stepwise fashion together with the jump in longer Japanese yields and global yields were also impacted, taking risk sentiment lower. In commodities, we discuss metals and natural gas. In equities, we discuss the outlook for European defense stocks, including Rheinmetall and cover upcoming earnings reports from Nike, where the bar of market expectations looks high, and from FedEx, where the bar of expectations is quite low. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Rolling into a New Year after a traumatic 2022

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

Click here to open an account with Saxo   -

Today we look at whether investors have anything left to express in global markets for the balance of this calendar year after the traumatic experience for portfolios that 2022 has delivered. We delve into the latest on Tesla as its stock price continues to crater, we check in on FX positioning and special impacts on the US dollar from debt ceiling shenanigans that are afoot once again head of the new Congress set to take charge in two weeks time, look at precious metals technicals, stocks to watch this week and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Santa rally becomes the Santa rout

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

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Today we look at an ugly day for global equity markets, with a bloodbath in Europe yesterday on a suddenly over-ambitious ECB that surprised with maximum hawkishness and spiked European rates, even if this ECB will hardly be able to carry out significantly more tightening than its global central bank peers from here. The Bank of England, meanwhile, surprised on the dovish side, taking down sterling several notches. We also look at natural gas and commodity backwardation perspectives, an interesting signal from First Quantum Mineral's run-in with Panama's government, earnings for the week ahead and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

Market shrugs off FOMC. Another agenda now?

Today's slide deck: https://bit.ly/3Wh2MS2   -  

Click here to open an account with Saxo   -

Today we look at the FOMC waxing about as hawkish as one could expect with higher inflation and rate projections for next year, especially relative to market expectations. And yet, despite some churning, US yields and the US dollar reacted very modestly to the meeting. Still, this morning has seen some sudden USD strength and weak risk sentiment - could this be due to forward liquidity concerns rather than anything the Fed delivered yesterday? Thoughts on precious metals, crude oil, today's heavy central bank calendar and more also today's pod, which features Ole Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic

FOMC will have a hard time moving the needle today

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

Click here to open an account with Saxo   -

Today we look at yesterday's reaction to the softer than expected US November CPI data, with equity market upside fading quickly even as the reaction in US yields and the US dollar was stickier. We also discuss today's upcoming FOMC meeting, with the Fed facing a tough task if it wants to push back against easing market conditions and Fed policy expectations today. We also look at Tesla posting new cycle lows and concerns for the stock and EV market, Apple, Inditex, crude oil, precious metals, and more. Today's pod features Peter Garnry on equities, Ole S Hansen on commodities and John J. Hardy hosting and on FX.

Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here.

Intro and outro music by AShamaluevMusic