Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
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Will the shutdown of government shut down the bulls?
Saxo Market Call
Summary: Today we consider the risks of a US government shut down and why it is likely to happen even if it doesn't extend for long, what kind of damage it can inflict on the economy and more. Also, we note the sudden surge in the JPY as the wily currency is back on the rally path after nearly getting drop kicked above 150.00 in USDJPY just two trading days ago. Earnings, geopolitics, some great links to other content and more also covered on today's pod, which was 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.
Today’s Links
My FX update from earlier today
Very recent Hidden Forces podcast episode with Kurt Campbell and Rush Doshi, of The Long Game: China’s Grand Strategy to Displace American Order fame on Why America Needs a New China Strategy.
Can America build all the stuff it wants to without the right skillsets among its workers? Ford’s CEO weighs in.
FTAlphaville with some fresh links today on the case against Generative AI, another sceptical view (deliciously titled “subprime intelligence”), and then a more traditionally AI-boosterish take.
Chart of the Day - Droneshield (DRO.AU)
Here’s the latest comet of a stock taking off on recent strong equity themes, especially defense and especially drone deterrence after all of the flyovers of European airports and other facilities. The company’s valuation is zooming into the stratosphere as well - worth over AUD 4 billion (about USD 2.7 billion) after another strong session overnight of almost +6% - likely on anticipation of higher interest from officialdom to protect facilities from the nuisance and risks of drone warfare. Let’s see how this develops - expectations are for sales to come in 250% higher this year than last, to AUD 204 million, but at around 20 x sales, a lot of growth is in the price.
Here’s the latest comet of a stock taking off on recent strong equity themes, especially defense and especially drone deterrence after all of the flyovers of European airports and other facilities. The company’s valuation is zooming into the stratosphere as well - worth over AUD 4 billion (about USD 2.7 billion) after another strong session overnight of almost +6% - likely on anticipation of higher interest from officialdom to protect facilities from the nuisance and risks of drone warfare. Let’s see how this develops - expectations are for sales to come in 250% higher this year than last, to AUD 204 million, but at around 20 x sales, a lot of growth is in the price.
Questions and comments, please!
We invite you to send any questions and comments you might have for the podcast team. Whether feedback on the show's content, questions about specific topics, or requests for more focus on a given market area in an upcoming podcast, please get in touch at marketcall@saxobank.com.This content is marketing material and should not be considered investment advice. Trading financial instruments carries risks and historic performance is not a guarantee for future performance.
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