Inflationary pressures continue to create havoc among equities
Saxo Market Call
Summary: Today we talk about Nasdaq 100 futures attempted bounce from its 200-day moving average, a potential critical level for US technology stocks while the rest of the equity market is feeling the heat from inflationary pressures. Hang Seng futures are up 3.5% on the second rate cut by PBOC this year as Chinese policymakers increase efforts to smooth the ripples from the slowdown in the real estate sector. Gold is breaking up higher despite higher USD real yields and industrials metals are rallying on extremely tight supply and PBOC's rate cut. We also discuss December's PPI report from Germany showing a blistering change of 24% y/y driven by spikes in heating oil, electricity price, energy and mining. We round off the podcast with a discussion of stocks to watch today, earnings releases expected today with focus on Netflix, and the today's macro calendar. Today's pod features Peter Garnry on equities and Ole S. Hansen on commodities.
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Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.