Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
The Saxo Quick Take is a short, distilled opinion on financial markets with references to key news and events.
For all macro, earnings, and dividend events check Saxo’s calendar.
VIX Steady at 15, Market on Edge
The VIX remained near 15.27, reflecting a market that is cautiously stable but not entirely at ease. VIX futures edged up to 17.150 (+1.44%), signaling uncertainty. Meanwhile, S&P 500 futures (-0.32%) and Nasdaq 100 futures (-0.45%) turned red. Treasury traders remain neutral as uncertainty over Trump’s tariffs and Fed policy limits directional bets.
Bitcoin Steady Near $96K Amid Trade Uncertainty
Bitcoin (BTC) rose 0.23% to $96,806, while Ethereum (ETH) gained 0.34% to $2,723. Solana (+1.26%) bucked the trend, while XRP struggled (-2.37%). Crypto-related stocks were mixed: MicroStrategy (-4.58%) and Coinbase (-2.25%) fell, while Bitcoin mining firms saw slight gains. Market sentiment remains cautious as higher interest rates and potential tariffs could pressure crypto liquidity.