Saxo's Q2 Outlook is out. It's called "The Fragmentation Game", which is our term for the global need to secure access to energy, other vital resources, supply chains and computer power (mostly in the form of semiconductors) but also how new alliances are being formed and shaped to rebalance the world away from western dominance.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
After almost a decade and a half of ignoring interest rates, the world is slowly waking up to the reality that rates once again have a firm impact on the macroeconomic situation, which can mean all sorts of challenges.
Chris Dembik,
Head of Macroeconomic Research
Between a bank crisis, high inflation, climbing interest rates, a very difficult landscape for central banks to navigate and an increasing fragmentation of the so-called global economy is a world of unknowns for equity markets.
Peter Garnry,
Head of Equity Strategy
As the Fragmentation Game is on and the global economy becomes, well, less global, India and, to some extent, Southeast Asian economies seem to be in a solid position to gain from all the turmoil that ensues.
Charu Chanana,
Market Strategist
A collar is an option strategy, which protects you from large price declines, but allows you to maintain a position and even profit when prices rise. This is relevant in the current market situation.
Hans Oudshoorn,
Trainer Academy
Being one of 2022's hottest topics, commodities are still a key asset class, as defragmentation means more segregated markets for countries to buy and sell commodities, leading to interesting pockets of investment oppportunities.
Ole S. Hansen,
Head of Commodity Strategy
Bank challenges have effectively ended the tigthening cycle, but inflation is still high. This brings forward a very challenging policy environment for central banks, which may generate different outcomes for different forex pairs.
John J. Hardy,
Head of FX Strategy
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