Saxo Market Call

Today's slide deck: https://bit.ly/2YW7DzC   -

Today we look at the wave sent out by the US dollar and US yields poking back higher on a strong US Retail Sales report for August, even if the move was modest and the 10-year benchmark remains rangebound. Also, the latest on freight shipping rates, natural gas, China's Evergrande contagion risk, impact of Chinese policy shift on European luxury goods makers and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Today's slide deck: https://bit.ly/2Xx1WrF   -

Today we look at US dip buyers taking a stand once again at what is now  the most obvious support in the world and whether we can continue this nearly mechanical advance from here. A look as well at significant contagion across the Chinese property sector as other big names are marked down aggressively on Evergrande's ongoing woes. As well, we look at JPY, NZD, NatGas and European power prices and the next important factors for shaping the Fed's latest guidance at next week's possibly pivotal FOMC meeting. Today's pod features Peter Garnry on equities and John J. Hardy hosting and on FX.

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Today's slide deck: https://bit.ly/2Xq6EaA   -

Today we look at across the board weak risk sentiment despite a softer than expected US August CPI data release yesterday, at least in US equities and in currencies, where we also note that the market shrugged off hot CPI prints from Sweden and the UK. Also, a look at the implications of Evergrande progressing toward a formal default, the fallout of higher NatGas prices in Europe, precious metals, and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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

Today we look at a rocky session in the US, even if the session managed to stabilize into the close, cast a nervous eye on the China Evergrande story, break down where to focus on the US CPI release today, especially for the impact on the treasury market, look at a massive squeeze on uranium and what is driving it, look at next steps for UK Gilts and EU sovereigns, the outcome of the Norway election, the latest for EURUSD and Aussie crosses and more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

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

Today we look at the ugly sell-off in US equities on Friday and the degree to which fresh anti-trust concerns on Apple are driving the action, the latest initiatives in China against platform companies, the stakes for Norway in today's general election, the oil and industrial metals markets, the week ahead in macro data and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Today's slide deck: https://bit.ly/2X8yUOB   -

Today we look at the boost to sentiment after a weak session in the US yesterday as China's Xi and US president Biden spoke on the phone late yesterday. Elsewhere, yields have dropped sharply after a relatively dovish ECB and another strong US treasury auction, this time the 30-year T-bond. In commodities, relative precious metal action is in focus, while our equity focus for the day is on the compelling story of India, and whether the ESG outperformance is something we can hang our hats on.  Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Today's slide deck:  https://bit.ly/3l9dCIJ   -

Today we look back on another weak day for US equities, and one that spilled over into the Asian session overnight for the first time in a while. In breaking down possible causes, it is clear that rising yields are not among them as the US 10-year treasury auction saw strong demand. We break down last thoughts ahead of the ECB meeting, Poland in hot water with the EU, El Salvador's high stakes commitment to Bitcoin, company earnings focus on Zscaler and Sea Ltd and more. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic

Today's slide deck:  https://bit.ly/3ngm8IG   -

Considerable divergences within the US market yesterday as the broader market corrected lower even as the Nasdaq 100 Index managed a new all-time highs, ironically so as this index tends to be more interest rate sensitive, and we have the US 10-year treasury benchmark yield perched near upside breakout levels. We also  look into the crypto flash-crash, the DAX 30 set to become the DAX 40, earnings, focus in the currency market, gold's fresh woes, grains and more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Today's slide deck:  https://bit.ly/38L8ogz   -

Today we delve into whether the intense new enthusiasm for Japanese equities is warranted, especially in relative valuation terms. Elsewhere, we look at whether the ECB is set to actually lead the Fed in tapering asset purchases and the key trigger levels for US 10-year yields, which are perhaps the only thing that can temper the advance in US equities. We also look at huge boost to uranium and at commodities more broadly as positive roll yields remain available for passive longs. FX themes, upcoming earnings and more on today's pod, which features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Today's slide deck:  https://bit.ly/3tvIeZ3   -

Today we look at the extension of the powerful boost to Japanese equities overnight after the announcement late last week that PM Suga intends to resign. We also discuss US treasury yields as a risk to this extremely risk-on market as a trio of important treasury auctions are set for this week after the Friday sell-off in treasuries despite a weak headline US August payrolls change number. In commodities, the focus is on multiplying supply side constraints in natural gas and metals. Today's pod features Althea Spinozzi on fixed income, Ole Hansen on commodities and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic