Earnings season accelerates today with Tesla. GBP outperformance is history.
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Link to slide deck: https://bit.ly/44NGKKU - US equities ripped to new highs for the cycle as financials got a boost from more banks and financial services companies reporting, led by a huge advance in Charles Schwab on a strong earnings beat and guidance. But Microsoft stole the limelight, adding $150 billion in market cap in announcing the pricing for its new AI tools. Elsewhere, sterling was walloped by a softer than expected CPI report - does this spell the end of sterling's strong performance after a remarkable first half of the year? Today's pod features a run-through of the technical analysis outlook for key stocks, indices and gold with our technical analyst Kim Cramer Larsson. Hosted by John J. Hardy. Read daily in-depth market updates from the Saxo Market Call and SaxoStrats Market Strategy Team here. Click here to open an account with Saxo - Intro and outro music by AShamaluevMusic