Quarterly Outlook
Q4 Outlook for Investors: Diversify like it’s 2025 – don’t fall for déjà vu
Jacob Falkencrone
Global Head of Investment Strategy
You can access all of our platforms from a single Saxo account.
Trump tweet sends crude prices lower
Ole Hansen
Head of Commodity Strategy
Summary: A new tweet from President Trump has sent oil prices a tick lower, although fundamentals remain robust.
Crude oil losses extended following the second oil-related tweet from President Trump this year. Ahead of the deadline for extending or rescinding waivers given to buyers of Iranian oil, he is looking to the other Opec members for support. By asking for more barrels to be produced, he would be able to squeeze Iran more without risking additional oil price strength.
Coming after five failed attempts to break above $60/barrel this past week and following yesterday’s US inventory rise, we may see some additional weakness in the short-term. Overall fundamentals, however, remain strong and it would take renewed growth worries and lower equities before the uptrend is challenged.
A break below $57.80/b, recent highs and trendline from the December low may attract some additional long liquidation, not least considering that the 55 million barrels bought by hedge funds in the week to March 19 will be underwater at those levels.
Coming after five failed attempts to break above $60/barrel this past week and following yesterday’s US inventory rise, we may see some additional weakness in the short-term. Overall fundamentals, however, remain strong and it would take renewed growth worries and lower equities before the uptrend is challenged.
A break below $57.80/b, recent highs and trendline from the December low may attract some additional long liquidation, not least considering that the 55 million barrels bought by hedge funds in the week to March 19 will be underwater at those levels.
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Q4 Outlook for Traders: The Fed is back in easing mode. Is this time different?
John J. Hardy
Global Head of Macro Strategy
The Fed launched a new easing cycle in late Q3. Will this cycle now play out like 2000 or 2007? -
Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
-
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