Today we look at the market turning a bit more cautious ahead of an important FOMC meeting tomorrow, we note signs of a crowded trade as traders short at least one long-dated US treasury proxy, the TLT. Also, a look at OPEC supply laggards driving upside oil price risks, industrial...
Podcast: Copenhagen Atomics and the future of nuclear power
In this special edition of the Saxo Market Call podcast, we have a long form conversation with Thomas Jam Pedersen, co-founder of Copenhagen Atomics, a start-up company working to bring a new generation of nuclear energy to market using thorium molten salt reactors, or TSMRs. In the conversation, we look...
Market Quick Take – November 2, 2021
Global equity markets tapped the brakes yesterday in the US after their recent steep ascent there as we await an important FOMC meeting tomorrow, with the pace of the intended QE tapering from the Fed a key question for the market. Overnight, the Australian Reserve Bank abandoned its yield curve...
“TSLA Was Obvious. What’s Next?”
Tesla Inc. (Nasdaq: TSLA) was obvious.
Unusual Options Activity: Bullish on Tesla… and Bitcoin?
A natural constant in unusual options activity are investors that don’t get scared by big moves.Last week, for example, Tesla shot up more than 10% in a single day on news that Hertz was buying up 100,000 Tesla vehicles for its fleet.Some traders would think they missed the big upside...
Crypto Weekly: The elephant in the room
In just a year, a cryptocurrency launched as a joke, has advanced to be the ninth largest cryptocurrency with a market capitalization of close to $40bn, followed by another joke cryptocurrency being the 10th largest cryptocurrency, underlining the speculative fever in the crypto market.Shiba Inu from $0 to $50bn in...
FX Update: It’s FOMC week as central bank sway craters.
The wild ride last week for the Euro in the wake of the ECB meeting and in how the market is pricing future ECB policy relative to its own guidance points to very interesting tests this week for the RBA, which meets tonight, and of course for the dovish Fed,...
US equity valuations remain resilient; Sony zooms in on dot-com record
Equities are making new all-time highs despite a range of risks rising such as China slowing down, profit margins declining from rising input costs, and inflation expectations destined to cause yields to surge higher.Despite inflation expectations are rising faster than nominal yields, China is slowing down, and a new potential...
COT: Funds remain cautious despite rising commodity prices
The COT reports published weekly by the US CFTC highlight futures positions and changes made by hedge funds across commodities, forex and financials during the latest reporting week to last Tuesday, October 26. A week where healthy risk appetite continued to send stocks higher while keeping the dollar unchanged. The...
Central banks losing control of the narrative?
Today we look at what unfolded last week as the markets seemed forced to price central bank policy tightening significantly higher, sometimes against the banks' own guidance, suggesting that central bankers may be losing control of the narrative. A key test on that front with tonight's RBA meeting and on...