Memory mania or just catching up with fundamentals?

About this episode

The episode discusses the recent surge in memory chip stocks, particularly Micron, and its impact on the broader market, along with insights on Ferrari's new EV and macroeconomic trends.

Today's John J. Hardy substack (and yes, embarrassing bad math from your host in today's podcast) Today, we try to keep observations balanced as we observe the latest race higher in memory chip makers after a big bank posted a jaw-dropping price target for Micron. This helped pull the broader market higher, as did the recent drop in crude oil prices. Elsewhere, we look at Ferrari's stumble with its new EV, note today's important earnings calendar, break down the latest in macro and FX and much more. Today's pod is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on today's podcast and our Chart of the Day can be found on the John J. Hardy substack (within two to four hours from the time of the podcast release). 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…

People in this episode

Host: John J. Hardy

Topics covered

• memory chip market
• Micron price target
• crude oil prices
• Ferrari EV
• earnings calendar
• macro analysis
• FX

Keywords

• memory chips
• Micron
• Ferrari
• crude oil
• earnings
• macro
• FX
• market analysis

Mentioned in this episode

Organizations: Micron, Ferrari, Saxo Bank A/S, Saxo Market Call

More episodes of Saxo Market Call

• Rounding up the usual suspects as a new era at the Fed dawns next week. · June 12, 2026 · 28 min
• The either-or moment for US stocks and gold · June 11, 2026 · 23 min
• Market volatility expansion flashes red. Gold key support in view. · June 10, 2026 · 23 min
• Many moving parts ahead of next week's seminal event · June 9, 2026 · 18 min
• Correction not yet a calamity. · June 8, 2026 · 22 min
• The real reason Musk wants to go to Mars? · May 29, 2026 · 20 min