With Ruben Dalfovo, Saxo Equity Market strategist, today we delve into how to approach and rate the prospects for beaten down software-as-a-service (SaaS) stocks with a systematic approach and how some names may have been unfairly punished recently while the business models of others are indeed in doubt. We also look at a number of important software names reporting this week, as well as previewing the biggest hardware name of them all: Nvidia, who reports earnings Wednesday. Also, Trump tariffs, macro and FX and more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Today's links:

Ruben's piece: The AI stress-test for software stocks: a simple framework to spot disruption risk
The JPY carry trade is important to understand, as well as the risks should it be set to unwind in coming weeks and months.

Two or three times per week, you will also find links discussed on the podcast and a chart-of-the-day over at the John J. Hardy substack.

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SaaS stocks: high, moderate and low risk of AI disruption. Also: Nvidia up Wed.

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