Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Access both platforms from your single Saxo account.
The crucial level in the S&P 500
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: The benchmark S&P 500 skipped its customary Thanksgiving rally but a few interesting trading days may have revealed a line that US equity bears will prove unable to cross.
This year saw markets skip their customary little Thanksgiving rally. In its place, however, we saw a few very interesting trading days that helped to illustrate what is perhaps the key price level on the S&P 500 index: 2,632.
This level seems to be too strong for bears to penetrate despite several attempts over the course of last week. See the 30 minute chart below – the dark blue horizontal line at the chart's bottom sits right at this key level, with the chart showing bears beaten back at four points of contact.
At the time of this writing, the S&P 500 seems set to open approximately 1% higher, around 2,660. For this bounce to get further traction, the index must close the gap between 2,681 and 2,670.
If it fails, a re-test of 2632 is likely.
This level seems to be too strong for bears to penetrate despite several attempts over the course of last week. See the 30 minute chart below – the dark blue horizontal line at the chart's bottom sits right at this key level, with the chart showing bears beaten back at four points of contact.
At the time of this writing, the S&P 500 seems set to open approximately 1% higher, around 2,660. For this bounce to get further traction, the index must close the gap between 2,681 and 2,670.
If it fails, a re-test of 2632 is likely.
Latest Market Insights
Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
Quarterly Outlook
-
-
Quarterly Outlook
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity
John J. Hardy
Global Head of Macro Strategy
After the chaos of Q2, the quarter ahead should get a bit more clarity on how Trump 2.0 is impacting... -
Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Upending the global order at blinding speed
John J. Hardy
Global Head of Macro Strategy
We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ... -
Quarterly Outlook
Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever
Jacob Falkencrone
Global Head of Investment Strategy
-
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
-
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