AI stocks on tilt, even if Micron isn't. JPY eyes BoJ.

Today, a look at a weak session for US equities, led by fresh selling in nearly everything AI-related, though Micron did all it could to right sentiment after the close with stunning forward projections. We also talk Oracle's latest stumbles, Nike earnings incoming and the European fashion space, macro and FX, especially the incoming Bank of Japan meeting Friday as yen traders are likely set to pounce. Today's pod features Saxo Equity Strategist Ruben Dalfovo and was hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Today's links:

Ruben's look at European fashion stocks

The epic Craig Tindale X post with a strategic analysis of critical materials supply chains - super stuff.

Arnaud Bertrand breaks down the recent shocking US National Security Strategy document as a historic moment for Europe, finding parallels in Khrushchev's shocking the Soviet relationship with China.

For our longer form podcasts, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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