Download Saxo Market Call - Social media companies a drag on US equities. Tesla versus NIO.

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Saxo Market Call

Business:Investing

Social media companies a drag on US equities. Tesla versus NIO.

2021-01-12

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Today's slide deck: https://bit.ly/2Xw2LNV -

Today, we look at divergent markets as Japanese equities managed to scrape to a new cycle high, while US stocks corrected sharply back lower after the prior day's surge, dragged in particular by social media companies on the de-platforming of Trump and other related issues linked to him politically. Also a look today at Tesla versus NIO, the commodities complex, the status of the US dollar consolidation and more. Today's call with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.