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cover of episode Paging the next catalyst, please!

Paging the next catalyst, please!

2025/6/10
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Saxo Market Call
AI Chapters Transcript
Chapters
Despite signs of lower volatility and rising complacency, markets seem to be searching for the next catalyst. While the Musk-Trump feud caused a brief sell-off, it didn't have lasting effects. Risk appetite remains solid in some areas, but uncertainty persists. The US-China trade negotiations are ongoing, with potential concessions being exchanged.
  • Market shows signs of lower volatility and rising complacency.
  • Musk-Trump feud caused a brief sell-off.
  • Risk appetite remains solid in some areas (crypto, carry trades in FX).
  • US-China trade negotiations ongoing, with potential concessions on chip design software and jet engine parts for rare earths.

Shownotes Transcript

Today we look at a market that shows signs of lower volatility and rising complacency as we wonder what will provide the next catalyst - perhaps tomorrow's US May CPI release? Also, some thoughts on whether Trump's "madman" strategy is the right way to view what he is doing in trade negotiations. Today's pod hosted by Saxo Global Head of Macro Strategy, John J. Hardy.

Link to John's latest FX Update ) (From June 10)

 

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