Today, we look at the US and China clearly wanting to de-escalate trade tensions as both sides made concessions, with a one-year time horizon for some of the most important ones. Otherwise, we cover the extreme narrowness of the market's recent advance as most stocks have had a lousy couple of days on Tuesday and Wednesday. Thoughts on Fed Chair Powell's hawkish press conference and an unbelievably dovish Bank of Japan governor Kuroda press conference, many single stock stories, must reads and listens and more are also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

inks discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release).

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US & China check the key "trade war detente" boxes. Meanwhile, market narrowness a concern.

Saxo Market Call