Saxo Market Call

Today's slide deck: bit.ly/2SiTvdxToday 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/2KGrIQ4Today 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/2y4DC3vToday 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.

Today's slide deck: https://bit.ly/2yEZh2p Today we discuss further EU existential risks in the wake of a disappointing EU Council meeting yesterday, which looked an exercise in can-kicking and a failure to agree on fundamental principles, though it wasn't spun that way. Elsewhere, interesting news from Intel and Google that continue to have us leaning against the big tech sector in the US. Lots more on the call, including the latest on crude oil. Today with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.

Today's slide deck: https://bit.ly/2RZLolX  Today we discuss everything from our still bearish case for equities as well as remarking on signs of speculative frenzy in pockets of this market, the oil market and USO ETF debacle, today's crucial EU council meeting and much more. Today with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.

Today's slide deck: https://bit.ly/3aqf563 Today we discuss the deepening slide in crude oil prices after another historic slide in prices and concerns generated by oil-linked ETFs. We also discuss concerns for banks linked to the oil rout, a Netflix earnings damp squib, measures of existential strain ahead of tomorrow's crucial EU Council meeting and more. Today with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.

Today's slide deck: bit.ly/2VpDTacToday we look at the historic collapse in oil prices to deeply negative territory yesterday and the risk of a repeat for the June contract if the realities on the ground don't change. Elsewhere, we ponder a still very speculative equity market that may be rolling over here and talk EU risks heading into the critical Thursday EU meeting. Today with Ole Hansen on commodities, Peter Garnry on equities, and John J. Hardy on FX.

Today's slide deck: https://bit.ly/2wR5kQH  Today we discuss the lay of the political landscape across Europe ahead of what will prove a critical EU council meeting up this Thursday as we await the EU's ongoing response to the crisis. Extra coverage of the factors moving the Australian market today as the big banks Down Under come into focus. Today with Eleanor Creagh on equities and Australia, Christopher Dembik on EU and macro and John J. Hardy on FX.

Today's slide deck: bit.ly/2Vu2F7KToday we discuss the ongoing melt-up in the big tech and other names in the US and continue to lean against the market's pricing of the equity outlook on a fundamental basis. Specifically to the story on the Gilead Sciences drug as a treatment for Covid19 patients, we are extremely cautious on the market's enthusiasm surrounding this story. Lots more on oil, gold and FX in the call. Today with Ole Hansen on commodities, Peter Garnry on equities and John J. Hardy on FX.