Saxo Market Call Trump rolls a social media grenade onto the trading floor.
24 snips
Mar 24, 2026 A whirlwind on Trump’s Iran diplomacy claim and the market confusion that followed. A run-through of oil moves, futures trading and who profited. A close look at US Treasury action and how yields are shaping risk sentiment. Updates on regional strikes, diesel supply worries, and flash PMI timing. A quick take on OpenAI, Microsoft ties, and private credit liquidity signals.
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Technicals Still Fragile Despite Rally
- US cash indices hid intraday dynamics: futures gapped lower then rallied while cash opened higher then faded, leaving S&P and NASDAQ still below 200-day moving averages.
- Technicals remain fragile despite one-day rallies.
Treasury Yields Retreat Helped Risk Sentiment
- U.S. Treasury yields fell alongside oil, easing risk sentiment; two-year dropped to ~3.86% and 10-year toward 4.35%.
- Lower yields are necessary to sustain a risk-on recovery after the shock.
Focus On Diesel And Jet Fuel Too
- Watch product-level fuel markets not just crude when assessing energy risk.
- Note diesel and jet fuel strains from Port Arthur refinery explosion and Primorsk storage fire that tighten product supplies.