We've come full circle and then some for the USD and risk sentiment.

Today, a look at the US dollar and risk sentiment now having come full circle and even then some in individual cases from the levels trading prior to the outbreak of the Iran war as the market prefers to continue to ignore the dire near-term energy supply situation and residual uncertainties, hoping that flows resume in coming days. China's stance is a critical known unknown. Also, a breakdown of the US equity market internals and themes, the status of private equity stocks, key stories and much more. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy. About twice per week, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at [email protected] for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.