Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
You can access both of our platforms from a single Saxo account.
Technical Update - S&P 500 and Nasdaq 100 extending uptrend eyeing all-time highs
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: S&P 500 / US500 extending uptrend. Could test all-time high before Christmas
After a minor correction Nasdaq 100 / USNAS100 is resuming uptrend eyeing all-time highs
S&P 500 closed yesterday above July peak at 4,607. Now there is no strong resistance until all-time high at around 4,818 recorded January 2022. Minor resistance at around 4,637 (March 2022 peak)
A close below 4,540 is likely to send the Index back down to test the upper border of the Gap area at 4,458
US500 cfd Bullish trend with potential to 4,818
A close below 4,537 will demolish the bullish picture and can send the US500 down to around 4,466.
Nasdaq 100 has resumed uptrend after a minor correction that saw the Index testing the upper band of the gap area at 15,744. A bullish move to 2.00 (200%) projection of both the October sell-off and the minor correction last week are indicating a short-term target of around 16,610-16,637.
However, all-time highs at around 16,765 could be reached sometime around Christmas and New Year.
A close below 15,744 will demolish the bullish scenario and a close below 15,535 i.e., a closing of the gap area will reverse the trend
USNAS100 cfd uptrend could be could reach 16,620-16,640 within next couple of weeks. All-time high around 16,768 could be reached around New Year. A close below 15,691 will reverse the uptrend
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ...