OPEC spoils the megacap party

Link to slide deck: https://bit.ly/3nx9FCy   - Today we look at the strong close for US equities on Friday as they surged into month-, quarter-, and Japanese financial year-end, especially driven by a megacap surge and hype in names linked to the generative artificial intelligence phenomenon. The party was partly spoiled at the weekend on OPEC announcing a surprise cut in production, which triggered a several dollar jolt higher in crude oil prices. Elsewhere, we look at the week ahead on the macro calendar, with the RBA set to meet Tuesday, and look at Tesla's delivery numbers for Q1, grains and much more. Today's pod features Peter Garnry on equities, Ole Hansen on commodities, and John J. Hardy hosting and on FX. Read daily in-depth market updates from the Saxo Market Call and Saxo Strategy Team here. Click here to open an account with Saxo   - Intro and outro music by AShamaluevMusic