Saxo Market Call

Why timing of German government collapse wasn't a coincidence Nov 12, 2024

In this week’s Saxo Market Call, Søren Otto is joined by Chief Macro Strategist, John J. Hardy and Head of Fixed Income, Althea Spinozzi to take the temperature of the markets one week removed from the US election. They dive deep into how bond markets, Bitcoin craze and the newly called German election.

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

Click here to open an account with Saxo.

US election extravaganza Nov 06, 2024

No big surprises here - this is all about the US election and the market reactions associated with it.

John J. Hardy, Chief Macro Strategist and Ole S. Hansen, Head of Commodity Strategy are the experts. Søren Otto is the host.

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

Click here to open an account with Saxo.

Electrification's surge: market impacts on commodities and equities Oct 29, 2024

In this week’s Saxo Market Call, Søren Otto is joined by Chief Investment Strategist, Peter Garnry, and Head of Commodity Strategy, Ole S. Hansen. Together, they dive into the latest market news from the earnings season and explore the transformative force of electrification. Tune in as they unpack what electrification means for today’s economy, its role in the shift to renewable energy, and its impact on both equity and commodity markets.

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

Click here to open an account with Saxo.

The Trump trade enters the metal markets Oct 22, 2024

In this week's episode of the Saxo Market Call, Søren Otto is joined by Chief Macro Strategist, John J. Hardy and Head of Commodity Strategy, Ole S. Hansen. They discuss the status and expectations of the earnings season as well as the US election with just two weeks to go.

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

Click here to open an account with Saxo.

Has the market positioned towards a Trump presidency? Oct 15, 2024

In this week's episode of the Saxo Market Call, Søren Otto is joined by Chief Macro Strategist, John J. Hardy. They discuss the US election's effect on markets, earnings seasons and why job data may be distorted rest of year.

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

Click here to open an account with Saxo.

Navigating Market Shifts: Fed Rate Cuts, Commodities, and Rising Food Prices Oct 08, 2024

In this week's episode of the Saxo Market Call, host Søren Otto and Head of Commodity Strategy Ole S. Hansen dive deep into the impact of the Fed's recent rate cut on market performance. They explore how commodities like oil, gold, silver, and copper are reacting to these economic shifts. Additionally, they discuss the drivers behind rising food prices and the potential impact on consumers and global markets. Tune in for key insights on market trends, CPI data, and what to expect in the weeks ahead.

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

Click here to open an account with Saxo.

Special: Q4 Quarterly Outlook Oct 02, 2024

In today's special episode, we talk about the recently published Q4 Outlook. Each SaxoStrat explains his or her take and adds a bit of flavour to it. This means that this episode features Peter Garnry, Ole Hansen, Althea Spinozzi and Charu Chanana. Søren Otto is the host.

Agenda:

Macro
Equities (06.45)
Bonds (14.45)
Forex (24.16)
Commodities (32.16)

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

Click here to open an account with Saxo.

What will drive markets - rate cuts, data or the election? Sep 24, 2024

In this episode of the Saxo Market Call, host Søren Otto is joined by Chief Macro Strategist John J. Hardy and Chief Investment Strategist Peter Garnry to break down the latest FOMC rate cut. We dive into market performance, dissect the immediate market reactions, and explore how this rate cut could shape the future of the rate cycle, especially with the U.S. election on the horizon. Tune in for expert insights on earnings reports, bond markets, and key financial figures to watch in the coming weeks.

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

Click here to open an account with Saxo.

Tech and AI: struggles, opportunities, and expert insights with Philip Jagd Sep 17, 2024

In this episode, we dive into the upcoming FOMC meeting and what it could mean for financial markets. We also get exclusive insights from Philip Jagd, Head of Equities at Sampension, who shares key takeaways from his recent excursion to meet with US tech companies, including the magnificent seven members Nvidia and Meta. We’ll unpack the challenges tech and AI companies face in living up to their high valuations, and explore future opportunities amidst the turbulence. Hosted by Søren Otto, with our Chief Investment Strategist, Peter Garnry, joining for his market analysis.

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

Click here to open an account with Saxo.

Harris wins debate, but FOMC trumps politics for now Sep 11, 2024

The much anticipated debate between Kamala Harris and Donald Trump, one of the biggest single events leading up to the US presidential election, took place last night. In this episode, we talk takeaways and discuss how relevant and impactful it is for financial markets relative to upcoming key figures and rate cut decisions. Today's expert is John J. Hardy. Søren Otto is the host.

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

Click here to open an account with Saxo.

Market limbo: The real driver behind performance Sep 03, 2024

The earnings season is - in large part - over and we're waiting on the Fed to most likely announce rate cuts, while the US election is looming in the distance. At the same time oil seems to be more and more in focus. So today, the Saxo Market Call is all about figuring out what is the real driver of markets currently. In that, we will discuss current market performance and news. We will also deep dive into where oil is heading. Today's experts are Peter Garnry, Chief Investment Strategist and Ole Hansen, Head of Commodity Strategies. Søren Otto is the host.

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

Click here to open an account with Saxo.

All eyes on Nvidia Aug 27, 2024

While the US election is increasingly stealing headlines, this week is all about the Nvidia earnings report Wednesday. Markets are holding their breath to see if the AI mastodon can keep delivering against astronomical expectations. In this episode, we take the pulse of the AI industry, while we also discuss what's the next big thing in the US presidential election after the Democratic national convention has concluded. Peter Garnry and John Hardy are the experts in the studio with Søren Otto.

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

Click here to open an account with Saxo.

As the commodity bull cycle becomes more selective, how does it impact equities? Aug 20, 2024

In this week's episode of the SaxoMarketCall, we're diving deep into the world of commodities. Earlier this summer, the buzz was all about the potential for a commodity supercycle. But, with recent upheavals in the financial markets, that outlook is now up in the air. That's why we've brought in the experts—Peter Garnry and Ole Hansen—to break down what happened, where we're headed next, and how it affects equities as well.

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

Click here to open an account with Saxo.

We hope you like our new weekly setup and we are very happy to take any feedback.

Summer melt-down and now two election scenarios Aug 16, 2024

We're back! And what a crazy summer it's been. One of the most dramatic market crashes in years, a change of the Democratic candidate and an assassination attempt on the Republican candidate are just some of the things that have been happening.

In a new setup, the SaxoMarketCall now features several familiar experts, while Søren Otto is still steering the ship. In this episode, Peter Garnry and staple of the market call, John Hardy try to give investors an overview of what has happened during summer and how it may affect investment portfolios.

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

Click here to open an account with Saxo.

We hope you like our new weekly setup and we are very happy to take any feedback.

Summer special: What will be the geopolitical narrative after summer? Aug 05, 2024

In this special summer episode, Peter Garnry is in the studio to discuss geopolitics in the second half of 2024 and what will be the mean focus areas. In the first half, the Ukranian and Palestinian conflicts have been in focus, while political elections and central bank policy have also played a role. With the US election looming in the distance, will we see more of the same after summer?

The episode was recorded on July 8 and is meant to be an interesting insight into the what could be some of the risks and opportunities arising from geopolitical events.

We wish all of you a very happy summer and will be back to more regular programming in mid-August.

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

Click here to open an account with Saxo.

Summer special: Will AI and technology continue to be the talk of the town? Jul 29, 2024

In this special summer episode, Peter Garnry is in the studio to discuss whether AI and technology will continue to be one of the most dominant sectors in the second half of 2024 as it's been in the first half.

The episode was recorded on July 5 and is meant to be an interesting insight into the state of AI and technology for investors to learn about the risks and opportunities.

We wish all of you a very happy summer and will be back to more regular programming in mid-August.

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

Click here to open an account with Saxo.

Summer special: Are we heading towards a commodity supercycle? Jul 22, 2024

In this special summer episode, Ole Hansen is in the studio to discuss what a commodity supercycle is, whether we've been in one in the first half of 2024 and whether we will be in one in the second half.

The episode was recorded on June 26 and is meant to be an interesting insight into the term commodity supercycle for investors to learn what it means and what they need to be aware of.

We wish all of you a very happy summer and will be back to more regular programming in mid-August.

Here you find a link to where you can learn more about what moves sub-categories of commodities (as discussed in the show).

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

Click here to open an account with Saxo.

What to expect from the earnings season Jul 09, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto talking equities. This episode is mainly focused on the earnings season, which will kick off soon. Peter shares his expectations and what to pay attention to. We will also look at year-to-date performance, talk about the French election's impact on equity markets and Carlsberg's acquisition of Britvic.

Agenda:

02.07: YTD performance
05.33: French election's equity impact
09.34: Carlsberg's acquisition of Britvic
15.22: Earnings season preview

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

Click here to open an account with Saxo.

What a French election upset means for the Euro Jul 08, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. They will discuss the surprising outcome of the French election and what it means to the EUR. Charu will also touch up Friday's US nonfarm payroll, the UK election and a quick preview of the upcoming Royal Bank of New Zealand meeting.

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

Click here to open an account with Saxo.

Special: Quarterly Outlook - Sandcastle Economics Jul 04, 2024

In today's special episode, we talk about the recently published Q3 Outlook. Each SaxoStrat explains his or her take and adds a bit of flavour to it. This means that this episode features Peter Garnry, Ole Hansen, Althea Spinozzi and Charu Chanana. Søren Otto is the host.

Agenda:

Macro
Equities (04.34)
Bonds (11.11)
Forex (17.30)
Commodities (24.08)

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

Click here to open an account with Saxo.

Tesla surges and Nike comes back in quiet week Jul 03, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto talking equities. In an otherwise quiet week, focused on politics, Tesla stages a surprising increase in price while Nike makes back some of what it lost based on a disappointing earnings release last week.

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

Click here to open an account with Saxo.

Politics are taking over macro Jul 01, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. And not just macro, but also politics as this is the prime focus area for markets. Not only did we have the first debate between the two US presidential candidates last week, we also had the first part of the French election and in the coming week, the UK will hand in their votes. Listen to Charu's takes on it all in this episode.

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

Click here to open an account with Saxo.

What just happened to Nvidia? Jun 25, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto talking equities. Among other things, they discuss what's happening to Nvidia and Airbus, how overall performance has been and the sneaky interesting earnings this week.

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

Click here to open an account with Saxo.

Is it time to diversify your portfolio? Jun 24, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. They discuss the current equity rally and Charu gives her thoughts on what may derail it and ponder over how investors may position to protect their portfolio.

They also discuss JPY, an interesting host of central bank meetings last week and why political risk may be greater in the coming week than economic risk.

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

Click here to open an account with Saxo.

Has Apple and OpenAI made a groundbreaking deal? Jun 17, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto talking equity and macro. In this episode they talk about the past week's macro events such as US CPI figures and FOMC meeting, the French election and the European Parliament vote and look ahead to events such as the German ZDW and US PMI.

On equities they discuss Apple's deal with OpenAI, the strong earnings from Adobe, Broadcom and Oracle and look ahead to a slow week in terms of earnings.

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

Click here to open an account with Saxo.

Will EU right-wing move impact equities? Jun 11, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. In this episode they talk about whether the European Parliament election is likely to cause a stir in equity markets. They also discuss the US nonfarm payrolls, inflation figures and central bank meeting as well as look at the regional performance.

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

Click here to open an account with Saxo.

Nonfarm payroll shatters expectations - how will the Fed react? Jun 10, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. Last week the closely-watch nonfarm payrolls come out incredibly strong, making it interesting to follow this week's FOMC meeting and CPI print. The two discusses this, as well as European Parliament election, upcoming Bank of Japan meeting and the Indian and Mexican elections.

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

Click here to open an account with Saxo.

What an ECB rate cut may mean for equity markets Jun 04, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. In this episode they talk about how the regions and sectors are doing and ponder over, what a rate cut by the ECB may mean for equity markets. They also touch on Lululemon's earnings release on Wednesday.

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

Click here to open an account with Saxo.

It is rate cut week Jun 03, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. ECB will cut rates on Thursday, and is the big story this week. But it may not be the only rate cut this week, as the Bank of Canada may do the same. We will also get a fair bit of US data and the Swiss Franc is in focus. This - and more - is what Charu and Søren will talk about.

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

Click here to open an account with Saxo.

Is electrification the next big thing? May 29, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. In this episode they discuss Nvidia's earnings and look ahead to the final acts of the earnings season. They also talk about electrification as may be getting increased attention from investors in the future.

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

Click here to open an account with Saxo.

Macro: When speech trump numbers May 28, 2024

In today's episode, Charu Chanana is back in the studio talking macro and forex with Søren Otto. They discuss what's more important this week - the upcoming PCE figure or the Fed speakers. They also talk about the Eurozone and the expected rate cut next week, trade wars and why carry trading may be an interesting forex strategy during the Northern hemisphere's summer months.

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

Click here to open an account with Saxo.

2024 is heavy metals May 23, 2024

In today's thematic episode, Ole Hansen joins Søren Otto in the studio. A lot is going on in commodities and especially in the year of metals. While we zero in on those commodities, Ole goes through the most important movements generally within the asset class.

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

Click here to open an account with Saxo.

While we wait on Nvidia May 21, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. In this episode they mainly focus on Nvidia's upcoming earnings. They also discuss Li Auto, Palo Alto, Microsoft, AstraZeneca and JP Morgan.

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

Click here to open an account with Saxo.

Who will cut first - Fed or ECB? May 17, 2024

Rates cuts seem to be getting closer. And then again, not really. While many were expected earlier in the year, now we only expect a few. But the real story may be whether the ECB will cut before the Fed?

As the foregone week was all about US inflation and ECB members discussing exactly that, and the coming week is packed with speakers from both Fed and ECB, that is what this episode will be about.

In today's macro episode, Peter Garnry is filling in for Charu Chanana. Søren Otto is the host.

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

Click here to open an account with Saxo.

How stocks react to critical inflation figure May 15, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. They discuss equity markets and touch upon what the immediate reaction was to the recently released CPI figure.

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

Click here to open an account with Saxo.

Is US data finally slowing down? May 13, 2024

In today's episode, Charu Chanana is talking about macro. Søren Otto is the host. They discuss the US market as well as the important US CPI print later this week. They also touch upon China's outperformance and the most interesting forex.

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

Click here to open an account with Saxo.

Special episode: How either US presidency may affect the financial markets May 08, 2024

In this special episode of the Saxo Market Call podcast, Peter Garnry, Head of SaxoStrats and Equity Strategy and John J. Hardy, former podcast host, dive into what business sectors may be affected by whether Donald Trump or Joe Biden will be the next US president.

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

Click here to open an account with Saxo.

This podcast episode was recorded on April 18, 2024.

It's all about the two lane economy May 07, 2024

In today's episode, Peter Garnry is back in the studio with Søren Otto. In this episode they discuss how the global economy is running driving along to different lanes - some of it is driving fast, some of it slow.

They also discuss past and upcoming earnings, especially focusing on Berkshire Hathaway's report.

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

Click here to open an account with Saxo.

Theme: why you should pay attention to the US Quarterly Refunding Announcement May 01, 2024

In today's episode, Søren Otto is joined by Althea Spinozzi, head of fixed income strategy. The two dive into the US so-called quarterly refunding announcement, which is a lesser known financial event, but nonetheless one, which may impact your investment portfolio.

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

Click here to open an account with Saxo.

Equities: Earnings roll on Apr 30, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. As major companies will report their Q1 earnings this week, this will be the focus of this episode.

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

Click here to open an account with Saxo.

Macro: Japanese drama - what's next for the yen? Apr 29, 2024

In today's episode, Charu Chanana is talking about macro. Søren Otto is the host. They discuss last week's events such as the BoJ meeting, and US PCE. They also look ahead to ta busy week where especially the FOMC meeting and the Japanese yen are in focus.

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

Click here to open an account with Saxo.

Theme: Deciphering Asian forex interventions Apr 25, 2024

In today's episode, Søren Otto is joined by Charu Chanana to talk about the rumoured currency interventions in China and Japan.

They discuss the what, why and how of interventions and dive into the two markets, looking at the specifics for either country. They also ponder over the implications for traders engaged in forex markets.

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

Click here to open an account with Saxo.

Equities: Will this be the end of the magnificent seven? Apr 23, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. They talk earnings, as many of the US tech stocks will report this week.

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

Click here to open an account with Saxo.

Macro: earnings battle geopolitics and macro figures for centre-stage Apr 22, 2024

In today's episode, macro is in focus as Peter Garnry is standing in for Charu Chanana. Søren Otto is the host. Peter and Søren discuss last week's EU and UK inflation, Fed speakers, Japanese inflation and geopolitics. They also look towards a busy week with earnings, macro figures and a potential FX intervention in Asia.

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

Click here to open an account with Saxo.

Theme: How geopolitical uncertainty affects bond and commodities Apr 18, 2024

In today's thematic episode, Søren Otto is joined by no less than two experts, as Althea Spinozzi and Ole S. Hansen both join in the studio. The three discuss how the growing geopolitical uncertainty affect fixed income and commodities.

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

Click here to open an account with Saxo.

Equities: Are earnings overshadowed by geopolitics? Apr 16, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. They talk about the latest geopolitical developments and discuss whether that or the earnings season will drive equity markets in the near future.

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

Click here to open an account with Saxo.

Special episode: Market reactions to Iran-Israel escalation Apr 15, 2024

This is a special episode that we've decided to put out to provide you with our immediate takes on the market reactions following the Iran attack on Israel over the weekend. The episode features Ole S. Hansen, with Søren Otto as the host.

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

Click here to open an account with Saxo.

Macro: Something's brewing in China Apr 15, 2024

In today's episode, macro is in focus as Peter Garnry is standing in for Charu Chanana. Søren Otto is the host. Peter and Søren discuss last week's US CPI and ECB meeting and zero in on the Chinese import and export numbers. They also talk about the upcoming EU and UK inflation figures.

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

Click here to open an account with Saxo.

Theme: Quarterly Outlook special Apr 11, 2024

In today's thematic episode, we talk about the Quarter Outlook, which was released last week. Each SaxoStrat explains his or her take and adds a bit of flavour to it. This means that this episode features Peter Garnry, Ole Hansen, Althea Spinozzi and Charu Chanana. Søren Otto is the host.

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

Click here to open an account with Saxo.

Equities: What you need to know as the earnings season kicks off Apr 09, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. They talk about the earnings season, which is beginning this week. Per usual, it is the financial companies in the US that kick things off. Garnry gives his take on, what the expectations are and what to pay attention to.

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

Click here to open an account with Saxo.

Macro and FX: NFP, CPI, ECB and Japan Apr 08, 2024

In today's episode, Macro and FX is in focus with Charu Chanana as our expert with Søren Otto as the host. They discuss the nonfarm payroll from Friday, the upcoming CPI number in the US. They also talk about the ECB meeting and the momentum in Japanese market.

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

Click here to open an account with Saxo.

Equities and macro: Tesla, Quarterly Outlook and inflation Apr 03, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. They discuss Tesla's recent earnings and look at the regional equity performance. They also discuss our recently published Quarterly Outlook. Finally, they talk about the biggest macro events in the near past.

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

Click here to open an account with Saxo.

Theme: Central bank meeting impact on fixed income Mar 26, 2024

In today's episode, Saxo's Head of Fixed Income Strategy, Althea Spinozzi, discusses how last week's many central bank meetings have impacted the fixed income markets with a special focus on the US, UK, Switzerland and Japan.

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

Click here to open an account with Saxo.

Macro & FX: Swiss central bank surprises; PCE and China Mar 25, 2024

In today's episode, Macro and FX is in focus with Charu Chanana as our expert with Søren Otto as the host. The two touch upon last week's central banks meetings and look ahead to Friday's PCE figure. Finally they discuss overall FX views and also the development in Chinese currency.

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

Click here to open an account with Saxo.

Theme: Japan's route to abolish negative interest rates Mar 20, 2024

In today's thematic episode, Charu Chanana is in the studio with Søren Otto. They dive into the recent rate hike from the Bank of Japan. They put it into a historical context and discuss why it's significant. They also talk about, how it'll impact markets and what the path is from here.

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

Click here to open an account with Saxo.

Equities: Nikkei, Nvidia and PDD Mar 19, 2024

In today's equity episode, Peter Garnry is back in the studio with Søren Otto. They discuss the Japanese Nikkei index in the light of the Bank of Japan rate hike. They also talk about Nvidia and it's new Blackwell platform. Finally, they dive into the earnings of PDD, parent company of online marketplace Temu.

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

Click here to open an account with Saxo.

Macro & FX: Central bank meetings all over Mar 18, 2024

In today's episode, Macro and FX is in focus with Charu Chanana as our expert with Søren Otto as host. The focus in this week is central bank meetings with the Federal Reserve's FOMC meeting on Wednesday being the most important. BOJ will demand attention too, while it's also worth keeping an eye on the UK, Swiss and Australian central banks.

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

Click here to open an account with Saxo.

Commodities: Action everywhere Mar 14, 2024

In today's thematic episode, Ole Hansen joins Søren Otto in the studio. They take the temperature on the commodity markets with a specific focus on metals. They also talk about cocoa's wild surge, and what to be aware of with grains and natural gas.

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

Click here to open an account with Saxo.

Equities: Nvidia, Oracle and CPI Mar 13, 2024

In today's equity-focused episode, Peter Garnry is back in the studio with Søren Otto. They discuss the last week's equity performance around the globe before diving into the Nvidia, which is a company that has had a tough week, which can point to greater issues in equity markets. They also talk about the yesterday's CPI inflation number and Oracle earnings.

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

Click here to open an account with Saxo.

Macro & FX: Have soft landing hopes turned into expectations? Mar 11, 2024

In today's episode, Macro and FX is in focus. That means Charu Chanana is our in-house expert. She discusses Jerome Powell's speech and the non-farm payrolls from last week. She also looks ahead to a week where the inflation figure CPI is the most important macro number. Finally, she talks about the Japanese yen and British pound.

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

Click here to open an account with Saxo.

Fixed income: Gilts, Treasuries and Century bond Mar 08, 2024

Saxo's Head of Fixed Income Strategies, Althea Spinozzi, discusses this week's ECB meeting, Gilts in the light of the UK budget release and evaluates the coming week's Fed meeting and how it may impact Treasuries. With guest host Melody Morgan.

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

Click here to open an account with Saxo.

Equities: ESG criteria for the long term Mar 06, 2024

Saxo's Head of Commercial ESG, Ida Johannesen, discusses how investors can use ESG criteria to make long term investment decisions, and shares her outlook for 2024. With guest host Melody Morgan.

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

Click here to open an account with Saxo.

Macro & FX: US jobs data, China's "Two Sessions" & Super Tuesday Mar 05, 2024

In today's episode, Charu Chanana, Saxo's Head of FX Strategy and macro expert, discusses the latest macro and forex news, and what investors should be aware of in the coming week. With guest host Melody Morgan.

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

Click here to open an account with Saxo.

Commodities: Why speculative interest is important for everyone Feb 29, 2024

In today's episode we're talking with Ole S. Hansen, Head of Commodity Strategy, about the weekly so-called Commitment of Trader report and discuss why it may be relevant for all investors interested in commodities.

We do so by focusing on cocoa, which has seen a very steep price increase. We dig into the why, how and future perspectives for the commodity.

We also discuss grain and natural gas and the difference in dynamics in all three commodities.

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

Click here to open an account with Saxo.

Equities: Evaluating geographical valuations Feb 27, 2024

In today’s episode it’s all about equities. That also means that Peter Garnry is the host. He takes on a journey from Asia to the US and through Europe to give a status on the valuation of equities in some of the major markets in the world.

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

Click here to open an account with Saxo.

Macro & FX: Will markets turn their attention to macro? Feb 26, 2024

In today’s episode Charu Chanana, macro expert and Head of FX strategy. After a week with a very high focus on the Nvidia earnings report, markets may move to focus more on macro figures with one of this week's most important ones being the American PCE. Depending on how it comes out, this may inform Fed's approach to rate policy.

She also gives an update on last week's positive performance in China and presents what forex to watch.

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

Click here to open an account with Saxo.

Special edition: Why traders and investors should care about the US election Feb 22, 2024

In this special episode of the Saxo Market Call podcast, Peter Garnry, Head of SaxoStrats and Equity Strategy and John J. Hardy, former podcast host and US politics expert, dive into the turbulent seas of the 2024 U.S. Presidential election and its potential impact on the financial markets.

Their discussion revolves around key points are relevant for investors and traders alike to get a better understanding of the effects of what promises to be a highly contentious electoral battle on global economic dynamics.

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

Click here to open an account with Saxo.

This podcast episode was recorded on February 14, 2024.

Equities: Will Nvidia shake the AI boom? Feb 20, 2024

Nvidia's earnings report is the most important event for market sentiment in this week. Expectations are sky high, but past performance has also been remarkable. But the further you go up, the further you risk falling.

In today's equity focused episode, Peter Garnry is the expert and he discusses the expectations of Nvidia's earnings and take the temperature of the boom in AI stocks and their expected growth over the past few years.

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

Click here to open an account with Saxo.

Macro & FX: How the debate about the US economy has shifted Feb 19, 2024

In today’s episode Charu Chanana, macro expert and Head of FX strategy. She discusses how the debate about the US economy has gone from expecting recession to now looking at a so-called “no-landing” scenario.

She also touches on the US dollar, US equities as well as Chinese and Japanese performance.

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

Click here to open an account with Saxo.

What rate cuts mean for bond markets Feb 15, 2024

In today’s episode, Althea Spinozzi, Head of fixed income strategy, is the expert. She presents a status of the US and EU bond markets so far in 2024. She then presents what the current development may mean for fixed income in the coming quarter before discussing what that may mean in terms of diversification and positioning.

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

Click here to open an account with Saxo.

Is confidence in a soft landing restored? Feb 12, 2024

In this episode, Head of equity strategy, Peter Garnry looks back at an action-packed earnings week and concludes the general vibe of it. Looking ahead to the coming week, there will be less earnings, but a host of important macro figures especially from the US, which are bound to come back in to investors' focus as they judge if we are heading for recession, when rate cuts are happening and whether we will have a soft landing.

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

Click here to open an account with Saxo.

Year of the metals Feb 09, 2024

This week's thematic podcast episode is all about metals. Ole S. Hansen, Head of commodity strategy, is the expert. He talks about the idea that 2024 could be the year of metals - especially gold, silver and copper are in focus. He discusses their performance so far, why it may be their year and how curious people can be invested in the sub-asset class.

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

Click here to open an account with Saxo.

Has the March rate cut been cancelled? Feb 06, 2024

With Charu Chanana in the studio, we leave the earnings season aside for a while and focus on the macro side of things.

We take a look at the US economy in the light of the very strong non-farm payroll report that came out Friday. We also discuss the Red Sea crisis and its implications for oil, freight rates and markets at large. Finally, we assess the financial situation in China and Australia.

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

Click here to open an account with Saxo.

Tis the (earnings) season Feb 02, 2024

This week has been teeming with earnings and many of the US mastodons as well as Europe's largest company has reported. Therefore, Peter Garnry is once again in the studio to give us an overview of what has happened and what it means for investors and traders across the globe. It's earnings, earnings, earnings.

This episode comes out a little bit later than usual, so we're able to catch the freshest earnings from the US region. We hope you still like it and look forward to listen in.

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

Click here to open an account with Saxo.

The biggest earnings week is here Jan 30, 2024

This week is the biggest during this earnings season, as many of the US tech mastodons will report. Therefore, Peter Garnry is in the studio. Before touching on this exciting week, he and Søren Otto also discuss last week's earnings as well as the key figures that come out of the US.

The two also talk about the Chinese real estate company Evergrande and the important central bank meetings that also takes places in the coming week.

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

Click here to open an account with Saxo.

Normalise

Earnings are heating up Jan 26, 2024

In this week's thematic episode, we're talking earnings season with Peter Garnry, Head of equity strategy. We talk about earnings seasons in general and what Garnry pays attention to when reading an earnings report. He also gives his view on some of the biggest reports this week and looks ahead to the coming week, where earnings will roll in. Finally, we talk about how investors can get going by integrating earnings seasons into their investment strategy.

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

Click here to open an account with Saxo.

Central banks and key figures run the show Jan 23, 2024

In today's episode of the Saxo Market Call, Charu Chanana, Market Strategist and Head of FX strategy is the expert. Together with Søren Otto, she provides an overview of the financial status in important financial regions.

First, she talks about the US and how a variety of factors may impact the timing and pacing of rate cutes by the FED (1.02).

She also gives a brief overview of the European situation and how the ECB meeting this week may affect that (6.45), before a short status on the earnings season (9.49).

Moving East, Chanana gives a brief take on China's challenges (11.30), before zeroing in on Japan and the BOJ's approach to interest rates (14.30). Finally, she considers how that may affect forex and Japanese equities (22.02).

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

Click here to open an account with Saxo.

Sticking the landing: what a normalising yield curve means for bond investors Jan 19, 2024

In the first episode of our thematic podcast, we zero in yield curve normalisation. The expert in the studio is Head of fixed income strategy, Althea Spinozzi. She talks about how the yield curve is bound to normalise and how that may look depending on whether we see a soft or hard landing - or what she refers to as a 70's landing. She also takes the temperature on both sovereign and corporate bonds to consider the risk and return pictures for the fixed income asset class.

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

Click here to open an account with Saxo.

Uncertainty is the name of the game Jan 16, 2024

In today's episode of the Saxo Market Call, Søren Otto and Ole S. Hansen discuss the conflicting CPI and PPI numbers that came out last week and their potential impact on the markets' expectations to rate cuts through the year (01.57).

They then talk about the new SEC-approved Bitcoin ETFs (04.48) followed by a brief update on the Taiwan election (9.36).

Friday, the banks kicked of the earnings season, which is only going to pick up pace over the next weeks (10.51).

As Ole is our commodities expert, we take the temperature on different commodities, starting with gas (12.50), followed by our (15.55), grain (17.36).

We end with a discussion about price conviction and what commodities look to have a tough year and which may increase in value in 2024.

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

Click here to open an account with Saxo.

Fixed-income: Fair value, inflation report and our outlook for bonds Jan 10, 2024

This is the first fixed-income episode of the year and we are talking about the negative start to the year with rising bond yields and one US rate cut almost being priced out already. We also talk about whether the US 10-year yield here at 4% is attractive and what the risks are and especially in the context of tomorrow's US inflation report. We also talk about our recently published quarterly outlook where we highlighted three scenarios in the economy and how these scenarios will impact the yield curve, with Peter Garnry and Althea Spinozzi.

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

Click here to open an account with Saxo

Macro and FX: Upcoming US CPI figures, USD momentum, and musings on China Jan 08, 2024

In today's episode we talk about Friday's US Nonfarm Payrolls and how to read the report while looking ahead to this week's US macro figures across NFIB small business optimism index, initial jobless claims and the important inflation report on Thursday. We also talk about the USD rebound this year and whether momentum can continue and touches on levels in USDJPY and EURUSD. Finally, we touch on the weak sentiment in China and the big batch of Chinese macro data coming out before ending the week with a lot of tensions around the Taiwan election, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Commodities: Crude oil and gold in focus as a new year begins Jan 04, 2024

In today's episode we discuss the developments in the Middle East and how it is impacting crude oil, gold given the expected lower policy rate this year and inflation expectations generally trending down, and finally a perspective on the grains sector that had a terrible 2023, with Ole S Hansen and Peter Garnry.

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

Click here to open an account with Saxo

Equities: What to expect in 2024? Jan 03, 2024

In the first episode of the year we discuss what to expect in equities. We touch on different topics ranging from BYD overtaking Tesla as the largest EV maker in the world, earnings growth expectations and whether they are realistic, the AI hype and whether it can continue, what we like the most in developed market equities, thoughts on China and India, and whether we can expect a recession or not, with Søren Otto Simonsen and Peter Garnry.

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

Click here to open an account with Saxo

Macro and FX: Watch USD sentiment and BoJ hints on rate policy Dec 18, 2023

This is the last macro episode before the holiday season. We talk about the upcoming macro figures this week and why they might matter less given the Fed pivot on policy rates. The USD weakening last week and we discuss whether the trend will continue into in the year. Finally, we focus on BoJ rate decision tomorrow with expectations looking for no change but markets are certain that BoJ will hint of maybe leaving negative interest rates behind at the January meeting, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Special Edition: The best outrageous prediction for 2024 by our clients Dec 14, 2023

In this episode we discuss what we have chosen to be the best outrageous prediction for 2024 sent to us by our clients at Saxo. The outrageous prediction is simply that government abandons the GDP measure as the yardstick for progress and how to steer the economy. Given that rising GDP has been the key policy objective by developed countries since the Great Depression this would truly be an outrageous prediction. We discuss this outrageous idea and the problems with GDP in a greater macroeconomic context, with Peter Garnry and Steen Jakobsen.

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

Click here to open an account with Saxo

Fixed-income: Where are we now, surprises in 2023, and what to expect in 2024 Dec 12, 2023

This is likely the last podcast on fixed income this year so we take a look at the current situation with rate decisions this week from the Fed, ECB and BoE. We also go through the key events and performances across bonds in 2023 with high yield bonds and the Austrian 100-year bond being some of the biggest surprises. Finally, we talk about what to expect in bonds next year as the market has fixed its expectations on lower inflation and lower policy rates, with Peter Garnry and Althea Spinozzi.

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

Click here to open an account with Saxo

Macro and FX: Will central banks, inflation, and PMIs deliver fireworks? Dec 11, 2023

This week is crucial for markets given the big moves last week across gold and JPY with Nonfarm Payrolls on Friday supporting the soft landing narrative. Tomorrow, the US inflation report will set the stage for the FOMC rate decision on Wednesday and the key focus is still on services inflation. On Thursday, ECB and BoE will deliver rate decisions and Friday will end the week with key PMI figures across the Eurozone, UK and the US. Central banks will not keep rates so the market will focus on the details in the communication and it feels that markets are sensitive to changes in the narrative around monetary policy and inflation so this week could become more volatile than expected, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Equities: YTD performance, rate cuts pricing, and Adobe earnings Dec 06, 2023

Today we discuss equity market performance across country indices and thematic baskets highlighting Nasdaq 100 as the big winner together with semiconductors and cyber security. We also talk about the equal weighted performance between US and European equities which has not been that bad after all for Europe. We also discuss the current policy rate cuts priced in markets and how for now they are viewed as a positive thing but that it could quickly change. Finally, we flag upcoming earnings releases the next week from Lululemon, Oracle, and Adobe, with Peter Garnry.

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

Click here to open an account with Saxo

Special Edition: Saxo’s Outrageous Predictions 2024 Dec 05, 2023

Link to our publication -> Outrageous Predictions 2024: The end of the road

It is the time of year when Saxo releases its Outrageous Predictions. For 2024 our Outrageous Predictions are titled The end of the road building on the idea, that the world is set for a very different journey than the calm environment post the pandemic with little geopolitical risks, stable technology backdrop, low inflation, and low interest rates. Three our outrageous predictions are 1) With oil at $150, Saudis buy the Champion League franchise, 2) generative AI deepfake triggers a national security crisis, and 3) Robert F. Kennedy Jr wins the 2024 US presidential election. In the podcast, we discuss all of our outrageous predictions, with Peter Garnry and Althea Spinozzi.

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

Click here to open an account with Saxo

Macro and FX: Key macro data this week, the USD slide ended and gold is on the move Dec 04, 2023

Last week's backdrop was shaped by Fed Waller's comments about rate hikes had ended and the market got into overdrive mode on those comments and soft inflation figures repricing bond yields lower across the curve. This week will be interesting with key macro figures across JOTLS job opening ISM Services tomorrow and Nonfarm Payrolls on Friday. The USD also finally turned around last week and gold spot was also reacting forcefully to the lower bond yields. Finally, with RBA rate decision coming up in Asia session tonight, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Commodities: Mixed performance as peak rates gather momentum Nov 30, 2023

Oil markets await the upcoming OPEC decision with the expectation to another production cut to bolster favourable conditions for oil markets. We also discuss the diverging performance across many commodities in November including coffee up 8% and US natural gas down 25% as the peak rate narrative sets in, with Ole S Hansen and Peter Garnry.

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

Click here to open an account with Saxo

Equities: Dangerous index concentration, cyber security stocks, and the wisdom of Charlie Munger Nov 29, 2023

Today we reflect on the meteoric rise in the index weights of mega caps as a function of the generative AI hype this year pushing S&P 500 index concentration to the highest recorded since 1991. The cyber security is a super interesting industry for many reasons that we go through in addition to our reflections on CrowdStrike earnings. Finally, we discuss the wisdom of the now late Charlie Munger and the influence he had on Warren Buffett and some of his key opinions on investing and why he did not like the accounting metric EBITDA , with Peter Garnry.

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

Click here to open an account with Saxo

Fixed-income: Biggest rally in US 10-year Treasuries since August 2011 Nov 28, 2023

Today we talk about government bond markets and whether market expectations are getting a bit ahead of themselves. Especially, the rally in UK Gilts market could be unsustainable given the underlying inflation and likely more fiscal stimulus next year. We also discuss yesterday's conflicting messages around ECB policy and the upcoming Eurozone CPIP report on Thursday. Finally, we discuss the US Treasury market that has rallied the most since August 2011 with the 10-year yield declining 60 bps, but the bigger question is whether the rally is sustainable, with Peter Garnry and Althea Spinozzi.

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

Click here to open an account with Saxo

Macro and FX: Inflation week, PMI test in China, and USDJPY Nov 27, 2023

After last week's quiet backdrop due to the US Thanksgiving holiday this week will drum up more energy with important inflation reports from the US, Eurozone, and Australia which will be important for the direction of the USD that have found itself increasingly in negative momentum. China has had so many false starts this year and this week we will get another PMI report that will show whether the recent stimulus actions by the Chinese government is moving economic activity. Finally, we talk about the USDJPY which seems to have reached a top and this narrative could be bolstered on a weaker than expected USD inflation report, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Commodities: Will Santa deliver another golden gift? Nov 23, 2023

Today we talk about the possibility of another Santa rally in gold and silver. The previous six years have had a strong December in those two precious metals - is the setup right again this year? The oil market is nervous with a tricky supply and demand situation with traders awaiting OPEC's next move. For all the weakness in China, Copper is still holding up pretty well and the recent moves from the Chinese government to support real estate developers and the economy could turn things around for copper. In addition, Chinese inventory of copper is at a rock-bottom low, with Ole S Hansen and Peter Garnry.

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

Click here to open an account with Saxo

Equities: Nvidia growth bonanza, earnings estimates, and the surge in nuclear power theme Nov 22, 2023

We discuss four topics today. Nvidia's earnings were incredible strong blasting estimates but US export controls are upsetting and lowering the visibility of its Chinese business. The US economy is still expanding but slowing down while earnings estimates are coming down in Europe and S&P 500 (ex. technology sector) which are at odds with a rallying equity market. Across equity themes the green transformation baskets are still under pressure while nuclear power and commodities are doing well. Finally, we talk about batteries with both Chinese based CATL and Swedish based Northvolt expecting to list next year, with Peter Garnry.

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

Click here to open an account with Saxo

Fixed-income: What is fiscal dominance and why is it important? Nov 21, 2023

Today's episode is about a concept called fiscal dominance which is when the fiscal policies begin to dominate the monetary policy. Under conditions of high debt levels and rising interest rates it can create a negative feedback loop in inflation and interest rates potentially leading to sustained negative real rates and fiscal repression. We also talk about yesterday's 20-year Treasury auction and how the market response might indicate that the market is pricing in a slightly more hawkish Fed, with Peter Garnry and Althea Spinozzi.

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

Click here to open an account with Saxo

Macro and FX: Fed pivot hopes as USD continues to slide Nov 20, 2023

The USD continues to weaken with the market betting on a Fed pivot as inflation cooled more than expected last week and more indicators are suggesting the US economy is slowing down. We also cover FOMC Minutes, initial jobless claims, and Black Friday. In Europe, this week is going to be a key test of the turnaround narrative with fresh PMI figures and IFO survey, while we also keeping an eye on UK budget and Riksbank. Finally, in Asia FX traders should have a focus on RBA Minutes and the stabilisation/strengthening of the Chinese Yuan, with Charu Chanana and Peter Garnry.

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

Click here to open an account with Saxo

Commodities: Silver comeback, watch OPEC as crude oil slides lower Nov 16, 2023

In today’s commodities focused podcast we explain what has driven the sudden comeback for semi industrial metals, such as silver and platinum. The current negative momentum in crude oil carrying the risk of an overshoot to the downside ahead of the November 26 OPEC meeting. Finally a look at realized gross roll yields in commodities, which sectors are contributing the most and how returns compare with recent history. With Ole S Hansen and Peter Garnry.

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

Click here to open an account with Saxo

Equities: Year-end rally, inflation, thematic winners, US consumer and Nvidia monster earnings Nov 15, 2023

Today we discuss yesterday's small positive surprise on US October inflation that sent bond and equities soaring with Nasdaq 100 on a trajectory to set a new closing high for the year. We also go through which equity themes responded the most positive to lower interest rates, and also the recent reading on the US consumer based on earnings results from Target and Home Depot. Finally, we go over recent earnings and the most important earnings to watch over the next week including the important Nvidia earnings next Tuesday, with Peter Garnry.

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

Click here to open an account with Saxo

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected