Chief Investment Officer
Summary: Are you able to beat Saxo Bank's strongest team in the European Championship? I pretend that my day job is that of Chief Investment Officer for Saxo Group, but actually I have another ambition in life: to become the next Mourinho!
Today, we are announcing a competition for best manager at the European Championship football tournament. You can find the playing field at the UEFA official football manager at gaming.uefa.com. It is free to join and, using this code 40KGBGG303, you will join the Saxo Euro 2021 league.
I have a feeling this month’s European Championship will vindicate me as a manager. Mourinho’s starting job was as an interpreter for Barcelona coach Bobby Robson, and now he gets 15 million GBP in severance each time he fails to deliver (reminds me of hedge funds and CEO’s).
I have learned from sitting through thousands of PowerPoint presentations in Saxo that you need to start every presentation with a brief backgrounder, so here it goes.
My back room staff is even more impressive:
Given the role of chance regardless of the strength of our team, you might just have a chance, and to find out you will need to join the Saxo Euro 2021 league, and if luck strikes you may be able to compete with FC SaxoStrats.
Again, find the league at gaming.uefa.com using this code 40KGBGG303. The option to join the league will appear after you have created your team.
Let the best team win - Held og lykke!
Steen Jakobsen.
2024: The wasted year
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
As US economic slowdown hints at a shift away from exceptionalism, USD faces downside with looming Fed cuts. AUD and NZD set to outperform as their rate cuts lag. JPY gains on carry unwind bets and BOJ pivot.
Amid AI and obesity drug excitement, equities see varied prospects: neutral on overvalued US stocks, negative on Japan due to JPY risks, positive on Europe. European defence stocks gain appeal.
With the economic slowdown, quality assets will gain favour, especially sovereign bonds up to 5 years. Central banks' potential rate cuts in Q2 suggest extending duration, despite policy and inflation concerns.
Commodities poised for rebound. The "Year of the Metal" boosts gold and silver, copper awaits rate cuts. Grains may recover, natural gas stabilises. Gold targets $2,300-$2,500/oz, copper's breakout could signal growth.
