Today, a quick look around global markets, where the JPY can't find a bid as long as global bond markets are under pressure, the US stock market continues its odd, micro-volatile march higher and we have Netflix trying to acquire Warner Brothers-Discovery if the deal is approved, with the FT noting that some prior Warner Brothers takeovers have come at interesting market inflection points - see link below. Also, the big move in CAD on Friday and much more. Today's pod hosted by Saxo Global Head of Macro Strategy John J. Hardy.

The FT notes a couple of prior Warner Brothers takeovers that came just before ugly bear markets.

The longer versions of the Saxo Market Call usually feature a John J. Hardy substack post to accompany the show, with links and the chart-of-the-day.

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The 9-minute: Have we just seen a "harbinger of financial apocalypse"?

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