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

Podcast 21 minutes to read
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Saxo Market Call

Summary:  Today - how the market is parsing the titanic capex plans for the four Mag7 companies reporting after the US market close yesterday. With crude oil prices spiking aggressively, maintaining the AI exceptionalism trade will prove difficult unless prices back down. Also, a far more interesting FOMC meeting than was expected as Powell vows to stay on and put up a fight for Fed independence, a fight that is doomed to fail. Elsewhere, Japan fights against JPY sell-off while recording today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Listen to the full episode now or follow the Saxo Market Call on your favorite podcast app. 

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