Capex bombast versus spiking energy prices creating unbearable tension. Also, the JPY!

About this episode

The episode discusses the impact of capex plans and rising energy prices on the market, alongside insights from the recent FOMC meeting and Japan's currency situation.

Today - how the market is parsing the titanic capex plans for the four Mag7 companies reporting after the US market close yesterday. With crude oil prices spiking aggressively, maintaining the AI exceptionalism trade will prove difficult unless prices back down. Also, a far more interesting FOMC meeting than was expected as Powell vows to stay on and put up a fight for Fed independence, a fight that is doomed to fail. Elsewhere, Japan fights against JPY sell-off while recording today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. About twice per week, you will find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack. Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro music by AShamaluevMusic DISCLAIMERThis content is marketing material.Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic…

People in this episode

Host: John J. Hardy

Topics covered

• capex plans
• energy prices
• FOMC meeting
• JPY sell-off
• market analysis

Keywords

• capex
• energy prices
• FOMC
• JPY
• market analysis
• oil prices
• AI trade

Mentioned in this episode

Organizations: Saxo Bank A/S, Saxo Strategy Team

Products: AI exceptionalism trade

Places: Japan

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