Episodios

  • Japan gets its Iron Maggie, while France achieves new level of dysfunction
    Oct 6 2025

    Today, a look at Japan's political earthquake as Takaichi emerges victorious after the oddsmakers and the market got the situation completely wrong, sending the yen sharply lower. But will this initial reaction to her victory stick in the longer run? Elsewhere, France's political dysfunction takes on new urgency as the latest PM has now resigned. Also, Palantir suffers a glitch, market internals are ablaze with divergences, some great must reads and listens on Japan and credit and more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    17 m
  • Retail frenzy while credit concerns fly under the radar
    Oct 3 2025

    Today we look at many AI names and the broader market posting a strong day, if one that finished off the highs - while Tesla shareholders got a very bad, no good bearish candlestick. Importantly, we cover the big markdown in private equity stocks, possibly linked to the First Brands bankruptcy, as well as whether this is this is a one-off or the beginning of a wider contagion. Geopolitics, macro and FX, more links and much more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    22 m
  • Market partying like it is late 2021, but one asset class is on tilt.
    Oct 2 2025

    Today, we look at the US market blasting to a new all time high, apparently to celebrate the dovish implications for the Fed from the government shutdown, but especially from some very weak ADP payrolls data released yesterday, which pushed US treasury yields lower. We talk geopolitics and the crude oil outlook and whether anything can stop the run higher in gold and silver with Saxo . Also, we note one asset class that is flashing red under the radar amidst all of the speculative frenzy. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    23 m
  • Will the shutdown of government shut down the bulls?
    Sep 30 2025

    Today we consider the risks of a US government shut down and why it is likely to happen even if it doesn't extend for long, what kind of damage it can inflict on the economy and more. Also, we note the sudden surge in the JPY as the wily currency is back on the rally path after nearly getting drop kicked above 150.00 in USDJPY just two trading days ago. Earnings, geopolitics, some great links to other content and more also covered on today's pod, which was hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (with a one- to two-hour delay from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    20 m
  • Dancing away from the brink into quarter end
    Sep 29 2025

    Today we look at markets in a fine mood since the Friday close as treasury yields failed to punch into destabilizing territory and crypto arrested its decline and bounced back after testing below key levels as well. The next focus this week is on the risk of a US government shutdown starting this Wednesday, together with the key first week of the month economic data. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (with a one- to two-hour delay from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    16 m
  • Structural crude outlook update. Also: the equity market faces bigger hurdles now.
    Sep 26 2025

    Today we make a structural, if patient call on the direction of crude oil from here, while also looking at the situation for European natural gas heading into the winter. Also, while stocks staged a decent comeback from the lows yesterday, we note some potential headwinds that could keep volatility high, with or without a US government shutdown next Wednesday. A preview of upcoming earnings and macro event risks and much more also on today's pod, which features Saxo Head of Commodity Strategy Ole Hansen and Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (with a one- to two-hour delay from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    24 m
  • Consolidation-ville or correction-ville?
    Sep 25 2025

    Today, a look at another weak session for US equities, with few stand-out themes amidst the broad weakness. The concern going into next Tuesday's September 30 government shutdown continues to build and could be a determining factor in whether we remain in consolidation-ville or tip over into correction-ville. Another factor could be USDJPY and the fallout if it breaks higher. Some key developments in copper on an Indonesian copper mine disaster, a compelling biotech stock story, other single stock developments and more also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (with a one- to two-hour delay from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    22 m
  • Markets finally dip as shutdown risk looms. Lithium on the brain...
    Sep 24 2025

    Today a look at the US equity market finally suffering a down day, perhaps in part as government shutdown risks are growing ahead of the September 30 deadline. We note increasing signs of a harder US attitude against Russia from the Trump administration, break down the latest disappointing news from Germany's economic data, what's going on in macro and FX and how one US lithium company saw as much as a 75% surge after hours after the Trump administration expressed interest in taking partial ownership. This and much more in today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

    Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (with a one- to two-hour delay from the time of the podcast release).

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

    Please reach out to us at marketcall@saxobank.com for feedback and questions.

    Click here to open an account with Saxo.

    Intro and outro music by AShamaluevMusic

    Más Menos
    25 m