Today, a look at Europe and the euro looking suddenly troubled again today as France continues to draw negative attention and Eurozone sovereign yield spreads have widened again today after France's Le Pen presented a long term budget plan on Tuesday. Elsewhere, sterling is charging higher against the single currency and Musk's net worth is back close to a trillion USD, chiefly on his SpaceX holdings. This and much more on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy.

Links

Liaquat Ahamed has written a new book - I have it down as my next read: 1873: The First Great Depression and the Making of the Modern World. It could be a timely one to consider if the current investment binge ends up driving a similar outcome.
Michael Burry recommended a paid substack with a deep-dive on Nvidia and its prospects.
Don't know what to say about this other than to put it out there, but there has been some considerable speculation that Xi Jinping may be suffering from poor health.

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Europe wobbling again as US posts another all-time high.

Saxo Market Call

Europe wobbling again as US posts another all-time high.