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All Episodes

Saxo Market Call — 108 episodes

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Title
1

Dip bought as Jensen Huang joins Trump in China. Also: oil, gold and wheat.

2

Korean politician pops the chip vibe. Sterling under pressure.

3

Trump-Xi summit an historical moment. Also, an exquisitely timed IPO on deck.

4

Some relief in software. Eyes on Trump-Xi next week.

5

Chip madness getting close to FOMO mania phase?

6

Does this market rhyme with 1926, 1928 or even 1929?

7

JPY intervention! And, can Economist covers open the Strait of Hormuz?

8

Capex bombast versus spiking energy prices creating unbearable tension. Also, the JPY!

9

Four megacaps on tap late today to test market sentiment.

10

The cognitive dissonance is getting painful here.

11

Semiconductor momentum getting bubbly. Meanwhile, Hormuz Strait - what's that?

12

SaaSpocalypse NOW. Also, massive earnings and central bank week ahead.

13

AI picks & shovels rocket higher. If only they could open the Hormuz Strait.

14

Vast demand destruction is helping keep a lid on oil. Big SaaS test today.

15

What to look for in Warsh nomination hearings as US-Iran talks also in focus.

16

Earnings season ramps up this week amidst pesky Hormuz Strait headline risk

17

What now after the "biblical vol reset"?

18

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

19

Market dons the rose-tinted glasses and USD is breaking down

20

Blockading the Hormuz Strait blockade: how does this work, exactly?

21

Anthropic carving a path of devastation while we await outcome of US-Iran talks.

22

Wall of worry remains high, can bulls keep flexing?

23

A robust market reaction to a quite fragile "cease-fire" in Iran.

24

Markets melt up on Trump's seeming urgency to end war, but ...

25

Market keeps finding new pressure points besides the worst ones.

26

Market celebrating Trump's seeming desperation to pull US out of Iran war.

27

Trump rolls a social media grenade onto the trading floor.

28

Markets are moving beyond denial stage as yields explode higher.

29

Triple witching into weekend uncertainty

30

Risk off as war in Iran escalates. Also: possible drivers of weaker gold here.

31

Next 24 hours are about seven central banks and memory lane, or at least Micron lane.

32

Iran War maintains the boil. Market shrugs off Jensen Huang's latest hype.

33

Markets continue to price that Iran War ended yesterday

34

Stunning market complacency as oil still not flowing through Hormuz

35

Is the US blundering or playing geostrategic chess?

36

Doesn't it take two to TACO when a war has already broken out?

37

Global markets are still only pricing for modest disruptions from Iran war.

38

It's all about the Strait of Hormuz until it's about something far bigger.

39

Broadcom pulls out the stops. US foments uprisings, complicating Iran risks.

40

US market is in a world of its own. Also: Hormuz disruption timelines

41

Risk off as market ponders new energy crisis from Iran conflict.

42

War on Iran's regime: reactions, scenarios and uncertainties.

43

Nvidia dumps: a big signal or just an options vol crush? Also, a rare earth rabbit hole.

44

Market largely shrugs off blowout Nvidia report. Not a great look.

45

AI disruption trade finally hit a speed bump. Nvidia and other key names reporting.

46

The AI apocalypse trade - when does it stop?

47

SaaS stocks: high, moderate and low risk of AI disruption. Also: Nvidia up Wed.

48

Recently boring Nvidia reports next week. Did we just see German green shoots?

49

It's all pivotal, whether US market sentiment, USD, JPY or geopolitics

50

AI overlay trades: is mean reversion the new pain trade?

51

Can both USD and JPY launch a comeback? Also: another 200B capex story...

52

AI overlay mayhem: where is this taking us?

53

Is what comes next what hurts everyone the most?

54

AI disruption grenades continue to go off. JPY rattles its cage.

55

US payrolls revision in focus. Gold and silver: the calmer the better?

56

Special guest Peter Garnry of Gesda Capital

57

Amazon blasted on spending bonfire, Crypto FODLed.

58

AI wipeout amidst broad market strength: what is the takeaway?

59

An AI disruption bomb just went off for a widening swath of companies

60

"Cosmic reward" for Palantir shareholders, apparently. USD pivotal here.

61

Silver crash - what's next? US equity market fragility?

62

Why Trump went with the "hawkish" Fed Chair option. Oh, and earnings!

63

New wave of an AI-led bullish nirvana or a bull trap?

64

Trump blasts an already weak USD with offhand comments

65

Lots of irons in the fire, from JPY surge to silver chop and Nasdaq 100 technicals

66

A massive signal on the yen and metals mayhem intensifying

67

Little and not so little grenades rolling around...

68

Massive ice storm set to knock US as sentiment celebrates a supposed TACO.

69

Don't forget rates as we await a Davos Octagon or a Davos TACO.

70

Between a Greenland rock and a JGB hard place

71

A week ahead in which a decade might happen.

72

Can the bears continue to hold the line? Trump set to hammer Canada?

73

Mag7 deadweight amidst strong market breadth. Silver stumbles.

74

Another day, another silver handle. US economy weaker than it looks.

75

What could take silver to USD 250 an ounce?

76

Market complacency challenged by latest blitz of Trump administration moves

77

Geopolitics getting white hot. Also, can USD tip into uptrend post jobs report?

78

Last chance saloon for the bears for a while?

79

Big metals rebalancing incoming. Waiting for Godot, a.k.a. US dollar volatility.

80

Two Mag stocks aren't so happy. Also, can FX please be relevant again?

81

Venezuela is probably just the start. Market shrugs, though US oil majors cheer.

82

Forecasts for 2026. Also: a stab at assembling a 2026 portfolio.

83

Why Tesla might rip higher again. Also, JPY at the precipice again.

84

DJT goes nuclear. Also, how can the yen be saved?

85

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

86

Tesla all time high, metals mayhem and BoJ focus

87

Sliding risk sentiment, but not for optimistic Tesla robo-taxi hopes

88

Signs of funds closing down for the year, but possibly pivotal week ahead

89

Rebalancing away from AI continues, USTs still a concern

90

Oracle spoils post-FOMC pump, can Broadcom save the day?

91

The stunning silver surge, the FOMC and prepping for a jobs apocalypse.

92

Is a volatility expansion on tap across markets post FOMC?

93

The 9-minute: Have we just seen a "harbinger of financial apocalypse"?

94

Small caps bull FTW, while USDJPY tilting, tilting....

95

Divergences under the surface extend further, while FX heating up.

96

Crosscurrents all around and outrageous predictions!

97

Rotation a go-go and who gives a hoot about Hassett?

98

The 9-minute: Stonx FTW!

99

Welcome to the 9-minute.

100

Yesterday looked like an ugly "tell" for the market. Be careful out there.

101

AI trade gets Nvidia earnings boost while JPY spins into the abyss

102

It's showtime for Nvidia tonight: can its earnings right market sentiment?

103

Risk off has gone global, even as US treasuries and FX press snooze

104

Friday gave us a line in the sand ahead of Nvidia earnings

105

AI leading equity market nosedive. Also: USD no safe haven?

106

AI picks & shovels versus AI miners. Also: "Gimme a stimmie!"

107

One day, is gonna be the day, the K-shape really gets to you

108

As market comeback continues, remembering those who served.